Bangladesh Exports Only To China As The World'S Second Largest Exporter Of Garments.

Bangladesh is the world's second largest exporter of clothing, after China.

They sell mainly to the European Union and the United States, and their business has been very good lately.

For example, from November 2014 to November 2015, the United States imported garments from Bangladesh.

16%.

H&M is one of the largest customers in Bangladesh and its business is expanding.

The increasing share of Bangladesh's growing exports, which reached 81.7% last year, has become the engine of Bangladesh's economic growth.

The collapse of the Rana Plaza in 2013 has been a major blow to Bangladesh's garment manufacturing industry. Although the industry has regained its vitality, moral concerns remain.

After all, the reason why the country is so attractive is largely due to low wages and incredible security risks.

There are still many.

If workers dare to complain, they will often be abused and abused.

Experts also point out that Bangladesh needs to diversify its exports. If they want to further develop, they should start climbing towards the top of the value chain, such as entering the field of electronic products.

Vietnam will be an important opponent in the road ahead of Bangladesh.

In the eyes of the clothing brands that look for China's low-cost replacement, it is also a top option. China's wages have risen sharply in recent years and gradually lost the favor of these brands.

Even in Vietnam in 2015.

Speed is the lowest in recent years, but this year it may be completely different.

Once the TPP agreement is passed, Vietnam will become more attractive, especially for US companies.

Vietnamese officials have estimated that these new opportunities can increase Vietnam's footwear exports by 20%.

Of course, Bangladesh will continue to grow and continue to vigorously develop the garment industry.

The country intends to double exports of garments by 2021.