Bangladesh's export of apparel and clothing accessories to the US market has overtaken that of its competitors Indonesia and Mexico in the recent months.
Until August 2010, Bangladesh was the 5th largest apparel exporter to the USA after China, Vietnam, Indonesia and Mexico. But in the month of September 2010, Bangladesh with its monthly exports of $358 million overtook Mexico, which exported $325 million to US market. On October, 2010 Bangladesh overtook another competitor Indonesia - $374 million from Bangladesh compared to $365 million form Indonesia.
Now only China and Vietnam lie ahead of Bangladesh as far as RMG export to USA is concerned, said a message received here.
According to the analysis of the Commerce Wing of Bangladesh Embassy in Washington DC, Bangladesh exported about $1.44 billion worth of RMG products to USA during July-October, 2010 period, registering growth of 20.37 percent compared to the same period of previous year. Comparable growth rate of China was 21.15 percent, Vietnam was 17.26 percent, Indonesia was 16.17 percent and Mexico was 3.495 percent and India was 13.25 percent.
If the same trend of export is continued, Bangladesh can hopefully overtake Vietnam in future. But in doing so, concerted efforts from all stakeholders and avoiding labour related problems in the RMG sector would be needed.
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