Bangladesh exports $1.94 billion more in RMG products than Vietnam
Bangladesh exported knit and woven products worth $18.80 billion in total in the first seven months of the current year
Bangladesh earned $1.94 billion more in apparel exports than Vietnam in the first seven months of the current year.
Bangladesh exported knit and woven products worth $18.80 billion during the period against the textiles and garments worth $16.86 billion exported by Vietnam, according to the official data released by the two countries.
Both countries, however, witnessed a negative growth during this seven-month period with 7.66% and 7.30% negative growth respectively recorded in Bangladesh and Vietnam.
Mohiuddin Rubel, director, BGMEA, said, "By the end of 2021 we can confidently say that Bangladesh will be the second largest garment exporting country."
He also pointed out that the Vietnamese government aggregated their textile export with garment while publishing the data.
In recent times, Vietnam has given Bangladesh tough competition in the RMG market.
According to the World Trade Statistical Review 2021, Vietnam knocked Bangladesh out of its second position earlier this year.
