Bangladesh'S Clothing Exports Surged Thanks To The Appreciation Of The Renminbi

As China's RMB and India rupee have increased in value, Chinese and Indian clothing manufacturers have been in trouble, and export prices and export competitiveness have gradually weakened and are at a disadvantage. Bangladesh clothing manufacturers began to show their price advantages and launched international competition. In the 2007 fiscal year, Bangladesh clothing exports accounted for 9 billion 300 million US dollars, accounting for 3/4 of total exports. In 2010, Bangladesh's official goal was to export clothing to US $18 billion.