ok, 2% rising at 14% YOY. Come back to me in a couple of years when you're at least close to 20%
That was a figure from last year only. It was much higher in the previous two years.
Have a look at below to see where BD's garment exports are heading in the future:
Bangladesh hopes to ‘export $1.0b RMG to China within a few years’
"In her presentation, Nazneen said over the three years Bangladesh RMG export to non-traditional markets has increased from 6.88 per cent to 12.10 per cent while the US market has shrinked from 29.91 per cent in 2008-’09 to 23.73 per cent in 2011-’12."
"Bangladesh RMG export to China has recorded the highest 97.92 per cent in 2010-2012 followed by Korea 69.47 per cent, Japan 63.08, Australia 59.43, India 53.09, Russia 47.49, Brazil 35.02, Chile 30.91, Mexico 21.55, and South Africa 15.31 per cent."
As you can see in only 3 years, the share of BD garment exports to non US/EU countries has gone up from 6 to 12%.
It will take time but sometime in the 2020s, the EU will become irrelevant to the BD economy.
And before you say it, obviously the likes of Australia are in the US/EU camp.