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Indian Textile Industry Faces Crisis: Demands Restrictions on Chinese Knitwear Imports
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Bangladeshs garment exports face setbacks, demand shifts to China
According to reports from Bangladeshi media Financial Express and Daily Sun, Bangladesh, as the worlds second-largest garment exporter, is experiencing significant changes in exports. Recently, QIMA, a company serving over 30,000 global brands, released a report indicating that global brands and retailers are gradually reducing procurement from Bangladesh while increasing purchases from China. This trend was particularly evident in 2023, with Bangladeshs garment exports experiencing double-digit declines in October.
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