The enormous loss of life resulting from the collapse of a garment factory in Bangladesh a few weeks ago has brought the media spotlight onto that country, as well as the global network of low-end apparel manufacturing. Bangladesh, with a population of approximately 164 million, is the world’s second-largest exporter of apparel. The first largest is China with 1.35 billion people.
Today’s market size is the value of all apparel exports from Bangladesh last year. Of that total, a quarter came as general imports to the United States ($4.47 billion).
Geographic reference: Bangladesh
Year: 2012
Market size: $18 billion
Source: Adam Davidson, “Clotheslined,” The New York Times Magazine, May 19, 2013, pages 16-17.
Original source: A&M University, Texas, Prof. Munir Quddus
Posted on May 20, 2013