Bangladesh and Vietnam jointly gain 2nd largest apparel exporter position

Vietnam and Bangladesh together picked up the situation of second biggest clothing exporter on the planet as far as fare an incentive as Bangladesh lost its worldwide piece of the overall industry in attire sends out by 0.1 rate point to 6.4%.

As per the World Trade Statistical Review 2019 as of late discharged by the World Trade Organization (WTO), Bangladesh snatched $32 billion out of 2018, which was $29 in 2017.

Then again, Vietnam got likewise $32 billion out of 2018, which was $27 billion in the earlier year where complete worldwide clothing fare market is $421 billion.

Simultaneously, Bangladesh's attire piece of the overall industry in the worldwide dress market disintegrated away marginally by 0.1 rate point to 6.4% in 2018, which was 6.5% in 2017.

Bangladesh's nearest rival in the worldwide market, Vietnam, limited the hole with its rival and it remained at 6.2% in 2018, up by 0.3 rate focuses, which was 5.9% in 2017.

China still stays as the top exporter of attire items with $158 billion, its piece of the pie slid to 31.3% in 2018 from 34.9% in the earlier year.

India's piece of the overall industry boiled down to 3.3% from 4.1%, while Turkey's offer tumble to 3.1%, which was 3.3% every year back.