It takes a lot of money to dress the globe. About $1.1 trillion to be exact.

From fast-fashion tops with a price tag of $4.99 to designer couture eveningwear fetching $20,000, the global apparel market is a highly segmented business with the largest share of retail sales — $350 billion annually — concentrated in the European Union, according to data firm Statista. The U.S. takes the number-two spot with about $225 billion in sales.

China is next with $150 billion, followed by Japan, Brazil and India. Here is the complete list:

Country:                      Apparel Retail Sales (U.S. $ billions):

1. EU 27                           $350
2. U.S.                              $225
3. China                           $150
4. Japan                           $110
5. Brazil                           $55
6. India                            $45
7. Russia                          $40
8. Canada                         $30
9. Australia                      $25
10. Rest of the world       $75

Source: Statista

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