What Is a Garment Exporter?

Getting started with your own garment exporting business is a great way to take advantage of a worldwide market, but it can be hard to decide whether it's right for you. You might be wondering what it takes to become a garment exporter, and what makes a good garment exporter. Read on to learn more.

China

Despite the recent decline in exports, China remains the world's largest garment producer and exporter. China's apparel industry continues to enjoy super-large market size and a sound modern industrial chain foundation. However, there are a number of challenges that need to be overcome for China to become more competitive in the apparel market.

China's apparel industry is experiencing a major shift in manufacturing. Manufacturers are shifting to more advanced garments that require higher skill labor. These garments are constructed using special fabrics that allow for movement, breathability, and water-resistance. This retooling will increase productivity and offset higher labor costs.

China's apparel production increased 10.4% in 2020. In January-October, retail sales increased 17.4% year on year. The increase is driven by online sales, which accounted for one-third of apparel sold in China. This trend is expected to continue in the coming years.

Bangladesh

Despite a record grow rate in exports, Bangladesh's garment industry is not becoming self-sufficient. A recent survey by the Global Workers Writers Centre (GWWC) found that a staggering one million jobs were lost to the sector.

The good news for garment exporters is that the industry has been able to recover and will continue to do so. The industry has seen a sixfold increase in exports since 1982. It accounts for 80% of the manufacturing income of the country. In the upcoming fiscal year, exports are expected to reach $38-40 billion.

In March, the government announced an incentive package of Rs 5,000 crore. Almost all of the money is earmarked for the garment industry. This includes cash incentives and discounts, as well as incentives for nontraditional export destinations.

Vietnam

Among the world's top five garment exporters, Vietnam has grown its market share to 6.4 percent, trailing China's 31.6 percent. The industry earned $40.4 billion in exports in 2021. However, there are many challenges that face the industry. The main export markets are the United States, Japan, and Europe.

Although the dong currency has depreciated 8% against the dollar so far this year, some garment makers are still facing difficulties. These include wildcat strikes, gender-based discrimination, excessive overtime, and low wages.

The industry is also facing the outbreak of the Covid-19 pandemic, which has led to the closure of many garment factories in Bangladesh. However, the government have taken quick measures to solve this issue. It has introduced face masks as a solution.

The industry has also been hit by a crash in demand from the United States and European markets. This has caused revenue losses to domestic manufacturers.

India

During the last five years, Indian readymade garment exports have stagnated at around USD 15-17 billion. But India's government has taken several measures to strengthen the competitiveness of the industry. It is expected that Indian garment exports will surpass the USD 30 billion mark in 2027.

The industry faces challenges like labour shortages and high cotton prices. However, there is also a lot of room for growth. The government has announced several reforms to promote exports.

The textiles ministry has set an export target of US$ 100 billion by FY30. The aim is to double the share of exports in global trade. This is expected to create millions of new jobs in the labour-intensive sector.

The Confederation of Indian Industries has projected production in the textiles industry to reach US$ 250 billion by FY25. This will be driven by the demographic dividend. However, the industry remains highly fragmented with multiple small players.

Promoting your business as a garment exporter

Amongst a sea of competition, you have to stand out. There is a myriad of ways to go about it. The good news is that promoting your wares isn't as complicated as you may think. With the right tools in the right hands, you can make your burgeoning business a thriving ecommerce operation. And if you're lucky, you may even become a household name in your own right. But before you go slamming your mate on the front porch, here are some smart ways to make a splash and keep your hard earned cash in your pocket. This article highlights the top tips and tricks to help you ace the export game. This article is a must read for newbies to the industry. It is filled with information on how to get a foot in the door, what you should avoid and what to expect when you do finally make it down the road.