BD fourth-largest source of clothing for OIC countries
Bangladesh is the fourth-largest import source of clothing for its fellow member countries of the Organisation of Islamic Cooperation (OIC), a global report shows.
The export volume stood at $1.30 billion in 2016, according to State of the Global Islamic Economy Report 2017-18.
China exported highest amount of clothing to the OIC countries in 2016 with the value of $17.50 billion, followed by India ($5.40 billion) and by Turkey ($2.70 billion) in the year under review.
The report is prepared by Thomson Reuters in association with Dinar Standard, a growth strategy research and advisory firm based in New York. The project is supported by Dubai.
Bangladesh is now ranked as the third largest global clothing exporter after China and the European Union (EU).