World Trade Statistics Review 2022 published by the World Trade Organization (WTO) showed, Bangladesh once again ranked second in the global ready-made garment export market in 2021. In 2020, Vietnam came second, pushing Bangladesh to third place.
Vietnam’s share of global readymade garments (RMG) exports fell from 6.40 percent in 2020 to 5.80 percent in 2021 while Bangladesh’s share increased from 6.30 percent in 2020 to 6.40 percent last year. This ratio was 6.80 percent in 2019 and 6.40 percent in 2018.
A review of WTO statistics also showed that Bangladesh’s ready-made garment exports grew strongly last year and recorded an annual growth of 24 percent. These exports suffered a major setback in 2020 with a 17 percent decline in Bangladesh as against a 7 percent increase in Vietnam’s RMG exports.
Bangladesh’s share of the global apparel export market was 4.20 percent in 2010, while Vietnam’s share was 2.90 percent only.
Meanwhile, top ranking China’s share of global apparel exports increased from 31.60 percent last year to 32.80 percent in 2020.
