The Bangladeshi export industry endured a turbulent year in 2025, with merchandise exports falling by nearly 5% to $47.74 billion, according to the latest official data. This downturn was primarily driven by weakening global demand for apparel and consumer goods, exacerbated by a volatile geopolitical landscape. Ongoing conflicts in Ukraine and the Middle East continued to disrupt international trade routes and unsettle supply chains, creating a challenging backdrop for the nation's economic engine.
Vietnam’s textile and garment industry continues to emerge as a standout performer in the Canadian market, maintaining a trajectory of robust growth despite global economic shifts. By 2025, Vietnam’s textile exports to Canada are estimated to grow by approximately 10%, surpassing 1.3 billion USD. This success is largely attributed to the strategic benefits of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), superior product quality, and Canada’s ongoing efforts to diversify its global supply chains.
The primary textile industry in Bangladesh is standing on the brink of collapse as a wave of cheap yarn imports from India floods the domestic market. According to the latest report from the Bangladesh Textile Mills Association (BTMA), yarn imports from the neighboring country surged by a staggering 137 percent during the April-October 2025 period. This influx has left local spinning mills burdened with unsold stock worth Tk 12,000 crore, as they struggle to compete with Indian products sold at dumping prices—approximately $0.30 per kilogram below domestic production costs.
The garment and textile sector of Vietnam, a global export powerhouse, is currently at a critical strategic crossroads. Facing rapid shifts in international policies, market volatility, and increasingly stringent sustainability demands, the industry has officially recalibrated its development strategy to ensure long-term competitiveness.
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