Low wages and taka depreciation are helping Bangladesh witness growth in its apparel exports to USA. Here is full analysis.
Data
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India's apparel industry fluctuated in 2017 due to recent economic decisions demonetization and GST. However, the first half of 2018 has been positive in its strongest apparel market USA.
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There’s no stopping Vietnam. The south-east Asian manufacturing powerhouse is rapidly growing in its apparel exports to its biggest market USA.
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Currency depreciation of over 7 per cent in 2018 coupled with low wages and rising trend of automation helped Bangladesh capture a larger share of the European market in the first 5 months of 2018.
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India’s Apparel Exports to EU sharply recovered in January to April '18 period from the drop during Q1 ’18 as the exports in volume terms got a boost.
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The shipments from Bangladesh continued tapping larger chunk in the European market beating China which lost ground in its clothing exports to EU during the review period.
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The surge of the Chinese and Korean apparel companies in Vietnam is reflected by the growth in quantities of apparel exports from Vietnam to the EU.






