Bangladesh Clothing Exports Are Declining As Buyers Lose Confidence.

In the tragedy of Rana square and the safety and compliance of fire events in Tsing Lin fashion clothing factory,

Clothing products are losing orders.

The downward trend will continue in the coming months unless measures are taken to boost buyer confidence.

Compared with competitors such as Vietnam, Kampuchea, India and Indonesia, Bangladesh has an impact on the United States.

They are losing their strength because buyers are already cutting their orders.

The country's clothing exports to the United States declined for 7 consecutive months, while rival Vietnam, Kampuchea, India and Indonesia showed strong two digit growth, according to the latest data from the US Department of Commerce's office of textile products (OTEXA).

Imports of clothing from Bangladesh continued to shrink in the United States, but all imports increased by 9.77% to 2 billion 570 million square meters in September (SME).

Among the ten largest suppliers, China's exports increased by 12.4% to 1 billion 300 million SME, up 7.4% from August.

In September, Vietnam's growth rate further accelerated, up 23.4% to 254 million SME compared with the previous year, 1.2% higher than in August.

The two largest clothing suppliers in the United States continue to rise, which is still worrying for Bangladesh in the third place in the top ten list.

In September last year, the US's imports from the country dropped by 11% to 111 million SME, due to workers and factory safety problems.

This is the seventh consecutive month of declines this year in Bangladesh since its fall in February.

At the same time, Indonesia has rebounded from 4.4% in August to a year-on-year increase of 17.1% to 86 million SME in September.

Kampuchea was flat at 113 million SME, an improvement of 9.6% from a year earlier in August.

The import of other large scale suppliers increased by 8.8% to 105 million SME in September, up 10.9% to 0.67SME in Honduras, and 1.1% to 0.74SME in India.

Buyers continue to wait for the alliance's inspection report to crack down on garment exports to the US market.

Anwar-ul- Alam Chowdhury, former president of Bangladesh garment manufacturing export association (BGMEA), said.

The alliance has completed a safety assessment of Bangladesh garment factories and found that fewer than 2% of factories in October had structural defects.

Chowdhury also worries that if measures are not taken to restore consumer confidence, export contraction may continue.

Dark clouds will cover the economic backbone of the whole country, and garment exports account for 80% of the total commodity exports of Bangladesh.