There is a growing argument that customers (retailers and brands) should pay their factory suppliers a fair FOB price.
The following data from the United States of America Government Office of Textile Apparel, analyses 10 of the Bangladesh’s most important exports for 2020, comparing their FOB prices with those their 10 biggest competitors for each product.
In each case, supplying countries such as Bangladesh, Pakistan, and Cambodia are consistently paid below world average prices. While supplying countries such as Vietnam, Indonesia, Turkey and Mexico are repeatedly paid above world average rates. Perhaps, the problem does not lie with the customers. They are willing to pay higher prices to some countries but rather less to supplying countries that are unable to meet their needs.
FOB Prices by Product: Top 10 Exporting Countries
FOB Prices by Product: Top 10 Exporting Countries
wdt_ID
HS Code/Country
Item/Price
Difference wrt World
1
6203424516
Men’s woven cotton trousers
2
Bangladesh
$7.01
-9.20%
3
Pakistan
$7.10
-8.10%
4
World
$7.72
0.00%
5
Sri Lanka
$8.00
3.60%
6
India
$8.41
9.00%
7
Indonesia
$8.74
13.30%
8
Cambodia
$8.81
14.20%
9
Mexico
$8.97
16.30%
10
Vietnam
$10.38
34.50%
11
CAFTA-DR
$10.76
39.30%
12
6203424511
Men's cotton jeans
13
Pakistan
$6.60
-21.50%
14
CAFTA-DR
$7.53
-10.50%
15
Bangladesh
$7.81
-7.20%
16
Lesotho
$8.19
-2.60%
17
World
$8.41
0.00%
18
Mexico
$8.82
4.90%
19
Cambodia
$8.90
5.80%
20
India
$9.13
8.50%
21
Egypt
$9.53
13.30%
22
Vietnam
$11.55
37.30%
23
6204628021
Women's cotton trousers
24
World
$5.22
0.00%
25
Cambodia
$5.26
0.80%
26
Pakistan
$6.35
21.70%
27
Bangladesh
$6.43
23.30%
28
India
$6.71
28.50%
29
Egypt
$6.80
30.30%
30
Vietnam
$7.51
44.00%
31
Jordan
$8.21
57.30%
32
Sri Lanka
$8.67
66.10%
33
Indonesia
$9.14
75.10%
34
Turkey
$15.84
203.60%
35
6204628011
Women's cotton jeans
36
Bangladesh
$7.56
-14.00%
37
Jordan
$8.07
-8.10%
38
Pakistan
$8.36
-4.90%
39
Sri Lanka
$8.60
-2.10%
40
World
$8.79
0.00%
41
Cambodia
$8.83
0.50%
42
Vietnam
$8.94
1.80%
43
Egypt
$8.94
1.80%
44
Indonesia
$9.81
11.60%
45
Turkey
$14.16
61.20%
46
Mexico
$15.25
73.60%
47
6205202051
Men's woven cotton shirts
48
Bangladesh
$5.45
-26.50%
49
Indonesia
$7.30
-1.40%
50
World
$7.41
0.00%
51
Philippines
$7.58
2.30%
52
Vietnam
$8.50
14.70%
53
Sri Lanka
$8.66
16.90%
54
India
$9.38
26.60%
55
Malaysia
$10.29
39.00%
56
Madagascar
$11.39
53.70%
57
Mauritius
$11.53
55.70%
58
CAFTA-DR
$12.24
65.20%
59
6205302070
Men's made fibre (MMF) woven shirts
60
Egypt
$4.86
-32.00%
61
Bangladesh
$5.43
-24.10%
62
Madagascar
$5.52
-22.80%
63
Vietnam
$6.93
-3.10%
64
World
$7.15
0.00%
65
CAFTA-DR
$7.84
9.60%
66
India
$7.86
9.90%
67
Indonesia
$8.33
16.40%
68
Cambodia
$8.83
23.50%
69
Mexico
$8.91
24.60%
70
Jordan
$11.53
61.20%
71
6109200012
Men's cotton T-shirt
72
World
$1.20
0.00%
73
Bangladesh
$1.47
23.10%
74
Pakistan
$1.53
27.80%
75
CAFTA-DR
$1.64
37.40%
76
Mexico
$2.02
69.10%
77
India
$2.14
78.60%
78
Cambodia
$2.18
82.50%
79
Jordan
$2.83
136.50%
80
Vietnam
$3.32
177.80%
81
Peru
$8.46
607.30%
82
61091000040
Women's cotton T-shirts
83
Bangladesh
$1.64
-21.60%
84
Cambodia
$1.82
-13.10%
85
CAFTA-DR
$1.83
-12.40%
86
Pakistan
$2.00
-4.10%
87
Indonesia
$2.08
-0.50%
88
World
$2.09
0.00%
89
Mexico
$2.23
6.60%
90
India
$2.36
12.90%
91
Vietnam
$2.86
36.90%
92
Peru
$7.27
247.80%
93
6202929061
Woven cotton jacket
94
Pakistan
$8.27
-18.70%
95
Bangladesh
$10.10
-0.70%
96
World
$10.17
0.00%
97
Vietnam
$11.96
17.60%
98
Sri Lanka
$12.95
27.40%
99
Cambodia
$15.68
54.20%
100
India
$15.93
56.60%
101
Indonesia
$16.08
58.10%
102
Mexico
$34.11
235.30%
103
Thailand
$48.86
380.30%
104
6212109020
MMF bras
105
Bangladesh
$3.19
-18.00%
106
World
$3.89
0.00%
107
Indonesia
$4.29
10.20%
108
India
$5.18
33.20%
109
Myanmar
$5.40
39.00%
110
Thailand
$5.69
46.30%
111
Cambodia
$5.86
50.60%
112
Vietnam
$6.06
55.90%
113
Sri Lanka
$6.06
56.00%
114
CAFTA-DR
$6.32
62.50%
115
Source: US Government Office of Textile Apparel for 2020
