The study was an attempt to give a ten-year description of the textile industry in the philippines to be able to identify problems that beset the industry and to ascertain the prospect s of the industry. This study can be useful to all in general and in particular to the textile industry owners and members of the Textile Millers of the Philippines. Through the findings, the textile industry can come up with guidelines for plans and strategies to generate profits. The historical and descriptive survey methods were used and for gathering data the questionnaire was fielded to the owners/managers of the different textile mills in Metro Manila. Interviews with some of the respondents yielded some data to supplement those called from reports, journals, etc.