Name: Hira Mohammad Abdullah

ID No. 172051017

Section: 01

Assignment Number: 03

Date of Submission: August 10, 2018

Source: Mridha, R. U. (2018, August 02). Bangladesh remains the second biggest apparel
exporter. The Daily Star , Business (19).

Bangladesh remains the second biggest apparel exporter

Bangladesh’s share of the global clothing market remains same in 2017 as the country held on to
its status as the second largest exporter of apparel products. According to the World Trade
Organization (WTO), being the second largest apparel exporter worldwide after China,
Bangladesh exported garment items worth $29 billion in the last fiscal year, Bangladesh's global
market share in clothing rose to 6.5% in 2017, an increase of 0.1% over the previous year. The
continuous rise in market share shows that there is a huge opportunity for Bangladesh to
spearhead RMG export in future. For a higher export growth, the government should improve the
infrastructure and make sure that the Chittagong port and the Dhaka airport are run smoothly.
Bangladesh will remain the apparel sourcing hotspot for international retailers because of
competitive edge over Vietnam, Turkey, India and the rest. Bangladesh retains the top spot and
with higher demand from retailers and brands, garment export brought home $30.61 billion, up
8.76 percent year-on-year. Bangladesh is the top choice of global retailers and brands as the
garment sector improved workplace safety and other compliances after the completion of factory
remediation as per the recommendations.