Bangladesh’s trade of attire as well as wardrobe accessories to a US marketplace has overtaken which of a competitors-Indonesia as well as Mexico in a new months.
Until Aug 2010, Bangladesh was a 5th largest attire exporter to a US after China, Vietnam, Indonesia as well as Mexico, a recover pronounced in a city upon Friday.
But in a month of Sep 2010, Bangladesh with a monthly exports of $358 million overtook Mexico which exported $325 million to a US marketplace in a subsequent month. In Oct 2010, Bangladesh overtook an additional aspirant Indonesia- $374 million from Bangladesh compared to $365 million from Indonesia. Now usually China as well as Vietnam distortion forward of Bangladesh as distant as RMG trade to USA is concerned.
According to a research of a custom wing of Bangladesh embassy in Washington DC, Bangladesh exported about $1.44 billion value of RMG products to USA during July-October 2010 period, induction expansion of 20.37 per cent compared to a same duration of 2009.
Pertinent to discuss which a allied expansion rates of China was 21.15 per cent, of Vietnam was 17.26 per cent, of Indonesia was 16.17 per cent, of Mexico was 3.50 per cent as well as of India was 13.25 per cent.
If a same expansion direction of trade is continued, Bangladesh can hopefully pass even Vietnam in future. But in you do so, accordant efforts from all stakeholders as well as avoiding work associated problems in a RMG zone would be needed, a recover added.