ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
EXPORTING AND IMPORTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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According to percent market share of the top ten apparel exporting countries to the United States, which country ranked as number one in 2011?
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Taiwan
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China
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Mexico
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India
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Honduras
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Explanation:
Detailed explanation-1: -In 2021, China was the leading exporter of apparel to the rest of the world, with an export value of around 176 billion U.S. dollars. The EU ranked second, exported approximately 151 billion U.S. dollars worth of apparel that year.
Detailed explanation-2: -With an export value of $38.99 billion, Germany follows China as the second-largest exporter of textiles in the world.
Detailed explanation-3: -The top 5 textile and apparel exporting nations are China, India, Italy, Germany and Turkey. China, the largest exporter, has a share of 39% while India is distant second with 5% share.
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