Bangladesh has managed to score over its closest competitor Vietnam after the former managed to bag the second position in terms of apparel exports globally after being pushed to the third position in 2018 by Vietnam.
Reports claimed this while adding as per the World Trade Statistical Review 2022 released by the WTO recently, in 2020, Vietnam’s share in global apparel exports dropped to 5.80 percent in 2021 from 6.40 per cent the year before even if Bangladesh’s share in the global apparel market in the meanwhile, increased to 6.40 per cent in 2021 from 6.30 per cent in 2020.
The WTO statistical review further reportedly underlined apparel exports from Bangladesh rebounded strongly in the last year, recording 24 per cent annual growth.
