The World Trade Organization (WTO) has explained that the volume of world merchandise trade fell by 0.2% in the third quarter of 2019.

Fashion commerce in the British market has changed course in the first month of the year following the 3% decline in December.

The Asian country is the second-largest focal point of the coronavirus epidemic, where the Diamond Princess cruise ship is docked and holds a hundred infected individuals.

In January, the country's fashion exports registered a year-on-year increase of 5.8%, according to the latest data from the Istanbul Apparel Exporters Association (Ihkib).

From factories to fairs, the epidemic has put the entire value chain of the fashion business in check, and its impact is still uncertain.

Vietnam recorded a 9.6% increase in its fashion exports to North America while Bangladesh’s sales to the US market plummeted by 1.8% in the last year.

As of mid-August, the Asian country will have to apply charges on exports of certain clothing and footwear products.

From the 413 million tons of cellulose fiber that is produced annually, 184 million tons come from virgin wood fiber. 

Logistic restrictions have been implemented due to the epidemic put production and shipments in check from the largest clothing factory in the world. The country exports 157.8 billion dollars in clothing each year.

American fashion groups have gone from having a 50% share in the top ten fashion retailers to 40% according to the Global Powers of Retailing, which features 250 largest retailers across the world.