mèng jiā lā guó孟加拉国fú zhuāng服装chū kǒu出口lǐng xiān dì wèi领先地位miàn lín面临yā lì压力,yuè nán越南zhèng zài正在zhuī gǎn追赶
Bangladesh and Vietnam are the world's second and third largest garment exporters after China.
In recent years, Bangladesh has performed strongly in the European market, with exports continuously growing.
The European Union is Bangladesh's largest export market; last year, Bangladesh sold about 19.4 billion USD worth of garments to the EU, accounting for 21.57% of the EU's garment imports.
However, Vietnam's share in the EU is also gradually increasing.
Vietnam signed a free trade agreement with the EU, allowing many Vietnamese goods to enter the EU without tariffs, which will make Vietnam more competitive in the future.
On the other hand, in the US market, Vietnam is stronger than Bangladesh.
Vietnam's garment exports to the US are about twice that of Bangladesh.
Vietnam's advantage is not only in higher export volume but also in producing more high-value, fashionable garments, and being closer to China, which allows faster procurement of raw materials and shorter delivery times.
Speed is very important in the garment industry.
Global competition will become more intense in the future; Bangladesh needs to increase product value and speed up production and transportation to maintain its advantage.