Leading importers of apparel worldwide by value 2023
In 2023, the European Union was the leading importer of apparel worldwide, with an import value of around 204 billion U.S. dollars. The United States, ranked second, imported approximately 90 billion U.S. dollars worth of apparel that year.
How much is the global apparel market worth?
The revenue of the global apparel market stood at an estimated 1.8 trillion U.S. dollars in 2024, and is forecast to grow continuously between 2024 and 2029 by a total of 250 billion dollars – an increase of about 14 percent. The United States was the world’s largest consumer of fashion goods in the same year, with an overall revenue of about 359 billion U.S. dollars. China, followed closely with around 328 billion dollars. In Europe, the United Kingdom took the cake at around 86 billion dollars, while Germany led within the European Union at 73.5 billion dollars.
Top fashion brands worldwide
Nike took the top spot in 2023 as the most valuable apparel company worldwide, boasting an estimated brand value of 31.3 billion U.S. dollars. This figure placed Nike approximately five billion dollars ahead of second-ranked French luxury fashion house Louis Vuitton. Known for its iconic ‘Swoosh’ logo and ‘Just Do It’ slogan, Nike generated a whopping 51.4 billion U.S. dollars globally in 2024, a new record-breaking figure in its history. Over 40 percent of these sales came from the United States, which remains its core market.
