Written by The Banking Post
China dominates the global apparel market with $165.24 billion in annual revenue, holding a 29.64% share, according to industry data. Bangladesh trails as the second-largest exporter with $38.48 billion (6.90%), followed by Vietnam ($33.94 billion), India ($16.36 billion), Cambodia ($9.89 billion), Pakistan ($9.28 billion), and Indonesia ($8.73 billion).
Apparel’s weight in national exports varies sharply. In Bangladesh, the sector makes up 86.20% of total exports, compared with 36.70% in Cambodia and 26.80% in Pakistan. By contrast, China’s apparel exports account for just 4.30% of its overall trade, underscoring its diversified economy. Vietnam (7.60%), India (2.20%), and Indonesia (2.30%) remain less dependent on garments.
Despite its relatively low reliance, China continues to bolster its apparel industry through subsidies and direct support, while gradually shifting toward higher-value sectors. Analysts say this transition creates opportunities for Bangladesh to attract business as supply chains diversify.
“Bangladesh is deeply entrenched in the global apparel supply chain, but such dependency demands strategic reforms to safeguard long-term stability,” industry experts said.
Vietnam, India, and Indonesia are broadening their trade portfolios, reducing their reliance on apparel. Bangladesh, however, must double down on innovation, compliance, and infrastructure to maintain its competitive edge in a shifting global market.
