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Vietnam surpasses Bangladesh in U.S. apparel imports due to speed and proximity, threatening Bangladesh’s export dominance.
Bangladesh’s garment industry, second only to China in global exports, faces rising competition from Vietnam, which is gaining ground in both the U.S. and EU markets.
While Bangladesh holds a 21.57% share of EU apparel imports due to the EU’s 'Everything But Arms' scheme, Vietnam is expanding rapidly in Europe through a free trade agreement that grants duty-free access to 71% of its goods.
In the U.S., Vietnam captured 21.5% of apparel imports—double Bangladesh’s 10.53%—thanks to faster lead times and proximity to Chinese raw materials.
Vietnam’s advantage, along with India’s upcoming EU trade deal, could erode Bangladesh’s pricing edge, prompting calls for improved efficiency and higher-value production to maintain competitiveness.
Vietnam supera a Bangladesh en las importaciones de prendas de vestir de Estados Unidos debido a la velocidad y la proximidad, amenazando el dominio de exportación de Bangladesh.