Bangladeshi garments sector earns a lot of reputation from foreign garment buyers. Vietnam has become the Second largest Exporter of Clothing & Textile in the world after China Outrunning Bangladesh. ... many of which are dependent on textile and garment exports. In 2020, the share of ready-made garment (RMG) exports in Bangladesh amounted to approximately 83 percent of the total exports. In 2019, China was the top ranked global clothing exporter with a share of approximately 30.8 percent, followed by the European Union, Bangladesh and Vietnam. “We are trying to reach last year’s level of exports this year too. U.S. Exports to the Middle East; Fastest Growing Markets; 2018 Product correlation; Historical data: 1989-2018 (For 2019 and 2020 please use the interactive tools below) Interactive U.S. As a result, high ranked buyers from all parts of the world are so much interested in place order here throughout the year. India stands at 5th largest countries with an export turnover of $37.11 Bn. In the present time, china apparel industry exports the highest number of clothing all over the world. Figure 2: Top 20 exporting countries of fashion goods* (share in total country exports), estimated TEU 2019 Both, Chinese apparel exports and footwear exports declined by more than $1 billion during February, April and May, compared to the same months in 2019. Vietnam has outrun Bangladesh by exporting textiles, seeing products by June 2020. For this reason, the last decade has seen an increase in garment production in countries like India, Vietnam and Pakistan, as well as Cambodia and Bangladesh. Apparel export is a global business. Garment exports from Tiruppur in the 2020-2021 financial year is expected to be worth ₹ 24,000 crore. As there is significant uncertainty about how the epidemiological and economic situation will evolve, assessing the duration and the gravity of the pandemic seems like … In the first quarter of 2020, the coronavirus pandemic led to a 3% drop in global trade values. Apparel manufacturing and exporting depends on different points. It can provide a higher quality product at a convenient price than other garments manufacturing countries. COVID-19 could trigger the biggest economic contraction since World War II, affecting all industries from finance to hospitality. Export Data reports: by Schedule B. U.S. Exports of Textile and Apparel Products by … The latter provides the lowest wages out of the major garment producing countries, where the monthly minimum for garment workers is 5,300 taka, (about 65 USD). (212) 419-8286 List of Top 100 Garment Buyers in Bangladesh. In the present time, apparel manufacturing industries are rapidly grown in the countries where labor cost is low. 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