This video is published on 8 Sep ,2021
Bangladesh's growth surpasses China-Vietnam || 2021 || TRM 155s
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Bangladesh has achieved the highest growth in garment exports to the United States, the largest market for ready-made garments as a single country, after losing 'second position' to rival Vietnam. Bangladesh has surpassed China and Vietnam in the growth of garment exports to the US market amid the Corona epidemic. The data came from a report by the U.S. Department of Commerce's Office of Textiles and Apparels (Otexa).
According to the Otex report, in the six months from January to June this year, Bangladesh's garment exports to the United States increased by about 26 percent over the same period last year. Financially, the amount is 313 crore dollars. At the same time, Vietnam's garment exports to the United States increased by 20.45 percent and China's by 28.7 percent. In the first half of this year, Bangladesh is ahead of China and Vietnam in terms of growth in garment exports to the United States.
The United States has been plagued by coronavirus infections since March 2020. As a result, the country's imports and exports were severely hampered. However, the situation came under control this year when coronavirus vaccination was introduced in large numbers in the country. As the Corona situation improves in the United States, domestic demand has increased. That is why the export of Bangladeshi garments has also increased along with other countries. This has led to an increase in domestic consumption and human shopping. This has had a positive impact on garments made in Bangladesh.
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