Bangladesh still in second spot in global apparel trade

Officially, Bangladesh is still the second-largest garment exporter worldwide and it is expected that the country will be able to retain its second position globally because of the regular flow of work orders with the reopening of the stores in the western world

Aug 25, 2020
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Officially, Bangladesh is still the second-largest garment exporter worldwide and it is expected that the country will be able to retain its second position globally because of the regular flow of work orders with the reopening of the stores in the western world.

Between January and July, Vietnam, Bangladesh's main competitor in global apparel trade, exported textile and garment items worth $16.2 billion. In that time, Bangladesh's apparel exports stood at $15.2 billion.

This might give off the impression that Vietnam has usurped Bangladesh as the second-largest supplier of apparel in the world.

But there is a caveat: Vietnam's amount is counted for two items, textile and garments, while Bangladesh's amount is counted only on one item, garment.

So, Bangladesh is still far ahead of Vietnam in terms of garment export worldwide and still the second-largest exporter.


https://www.thedailystar.net/business/news/bangladesh-still-second-spot-global-apparel-trade-1950597

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