Bangladesh’s earned $1.94 billion more than Vietnam from its apparel shipments during the first seven months of the current year. Bangladesh mostly exported knit and woven products worth $18.80 billion during the period against the textiles and garments worth $16.86 billion exported by Vietnam.
However, apparel shipments by both countries declined by 7.66 per cent and 7.30 per cent respectively during this seven-month period. By 2021-end, Bangladesh is likely to emerge as the second largest garment exporting country in the world, says Mohiuddin Rubel, Director, BGMEA. It will be replaced by Vietnam, which emerged as the largest supplier earlier this year, shows data by the World Trade Statistical Review 2021.