South Asia Is A Rising Star In Textile And Garment Industry

South Asia Is A Rising Star In Textile And Garment Industry
event_note  1 Jan

South Asia Is A Rising Star In Textile And Garment Industry

South Asia is a rising star in textile and garment industry
South Asian countries' garment industry rank:Bangladesh,Vietnam,India,Cambodia,Indonesia,Pakistan.
(1) the strength of textile and garment industry has increased, and the export momentum is strong
Bangladesh is the world's second-largest garment exporter, accounting for 80 per cent of exports.
The left and right sides.
According to the official statistics of Bangladesh, at present, Bangladesh has more than 2,000 textile factories and more than 6,000 garment factories. The population of garment industry has accounted for 40% of the total labor force, and garment export accounts for about 80% of the total export. The United States, the European Union and Japan are its main export markets.
Large apparel enterprises such as wal-mart, C&A, H&M, Marks & Spencer, Zara and GAP have shifted some orders to Bangladesh for purchasing.
Bangladesh's garment industry is expected to maintain its 10% growth in 2017 and become the world's second largest apparel exporter.
Exports have driven the rapid development of Vietnam's textile and garment industry.
Vietnam is an emerging textile and apparel production and exporter, and the textile industry economic circle has been formed around ho chi minh city. More than 80 percent of the textile and apparel industry's products are dependent on export, and the textile and apparel market has spread to more than 100 countries and regions in the world.
After joining the wto, Vietnam's textile exports climbed rapidly from $7.4 billion in 2007 to $19.5 billion in 2014.
In the first quarter of 2017, Vietnam's textile and apparel industry showed positive signs, with total exports reaching us $6.75 billion, up 12.4 percent year-on-year, according to Vietnamese People's Daily online.
Bangladesh garment exports ($100 million)

India's textile and apparel production and export strength is growing, Cambodia, Indonesia, Pakistan and other countries clothing exports have a certain competitiveness.
In 2014, India's textile and apparel exports reached $17.7 billion, up 14.16 percent from 2013.
The clothing exports of Indonesia, Cambodia, Pakistan and other southeast Asian and south Asian countries are all competitive. In 2014, the exports were 7.7 billion yuan, 5.9 billion yuan and 5 billion yuan respectively.

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