Bangladesh garment industry ranking. In fact, the industry plays .
Bangladesh garment industry ranking Bangladesh has already become the top denim-sourcing country for the U. Mobile Number: +88 1967939143 Feb 15, 2024 · The economic reforms initiated in the 1980s played a pivotal role in shaping Bangladesh's garment industry. Choices and constraints of management, Shahidur Rahman, London, Routledge, 18 June 2021, 1st digital edition, 170 pages, B/W Illustrations, £33. The headquarters and clothing production facilities are Oct 29, 2023 · The biggest manufacturing sector in Bangladesh is the garments sectors of the readymade garments industry. Roles of a Merchandiser in the Garment Industry. In the fiscal year 2021-2022, Bangladesh exported garments worth US $42. Economic Significance: The garment industry is a significant contributor to Bangladesh's economy, employing over 4 million people, which is roughly 2% of the country's population. 27 billion. With a state-of-the-art, vertically integrated garment production facility, customers can expect Our extensive research on modern slavery in supply chains shows that manufacturing is one of the high-risk industries for forced labour. Let’s check out how they rank their garment factories and what makes them stand out. Bangladesh has experienced strong growth in its garment industry over the last few decades, becoming the world’s second-largest apparel exporter after China. This company has a great reputation because of its quality assurance as well as excellent customer satisfaction. 96% (2025-2029) resulting in a market volume of US$408. Latest Export Promotion Bureau (EPB) statistics show Bangladesh’s apparel exports surged 30. Jun 2, 2023 · Bangladesh’s textile and garment industry is a major contributor to the country’s economy, and it is a vital player in the global textile and apparel market. 4bn worth of clothes in 2023, as per World Trade Organisation (WTO) data. Bangladesh is a giant of the international garment manufacturing sector and the more light we shine on the industry the harder it is for brands to hide behind shady supply chains and unethical practices. Key factors driving this decline include factory unrest, inadequate wages and the desire for Nov 24, 2024 · Bangladesh’s garment industry is a remarkable success story, but its future depends on addressing the complex challenges it faces. Knitwear exports surged 32. So, there’s a huge job opportunity. The country has a strong workforce, a favorable investment climate, and a growing domestic market. Since the Rana Plaza disaster, Bangladesh has experienced significant upgrading. The purpose of this paper is to explore the realm of the garment industry in Bangladesh while elaborating the topic with regards to dominant sustainability issues, and strategic initiatives implemented in a way to better harmonize with the values and principles of global Corporate Social Responsibility (CSR). The garment industry accounts for about 80% of all export earnings achieved by Bangladesh each year. But now Bangladesh is holding the third position in the world garments manufacturers’ ranking. Jul 6, 2021 · Bangladesh's exports jumped 15% to $38. The RMG Since the start of its garment export industry in the late 1970s, Bangladesh has seen its RMG export levels grow steadily and has become a top global exporter. Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Dec 19, 2023 · A Bangladesh-based garment factory, SM Sourcing Ltd, has been ranked the world’s top LEED Green Factory ranking and has garnered an impressive score of 106 out of a possible 110. Over the next five years, the Bangladeshi government aims to achieve a 20% export growth and explore new markets. Feb 24, 2023 · During this period the EU imported garments worth $21. In 2023, Bangladesh fixed up its rank second in exporting ready-made garments worth $38 billion and China is at the topper $165 billion, as always. Mar 11, 2022 · Bangladesh ranks second in the world in the export of readymade garments. Dec 30, 2024 · Bangladesh’s apparel exports started the year strongly, achieving a record $4. To gain an in-depth understanding of the Bangladeshi RMG industry’s competitive advantages, a semi-structured Sep 20, 2024 · Key figures and rankings about companies and products Production volume of apparel China 2015-2023; Industry revenue of “manufacture of textile fabrics, wearing apparel & accessories“ in Bangladesh is the world's second largest exporter of garments and textiles after China, making it one of the most important players in the global textile industry. The share of garment exports in the global market has changed as a result of the drop in exports. The government, recognising the potential of the sector, implemented policies aimed at Mar 25, 2021 · For its apparel industry to prosper in the future, Bangladesh will need to strengthen transport, energy, and digitization infrastructure. Worker’s Wellbeing & Safety; Environment; RMG Worker Health Toolkit; Members . This year has been a learning curve, offering challenges February 1, 2025 Moreover, the ready-made garment industry contributes about 83% of Bangladesh's total earnings, with Bangladesh exporting $38. The primary source of foreign exchange revenues is the export of clothing and textiles. Dec 14, 2024 · Dhaka, December 2024: The Ready-Made Garment (RMG) industry, the backbone of Bangladesh’s economy, faced a mixed year in 2024, marked by challenges and gradual recovery. Mar 24, 2017 · The readymade garments industry in Bangladesh is the largest manufacturing sector and the most important GDP contributor in the country. Global Rankings in RMG Exports. Leading factories excel due to their exceptional workforce. World Trade Statistical Review 2022, released by the World Trade Organization on Jan 26, 2024 · Asian Apparels Limited is a leading textile company among others in the textile and apparel industry. 8 and 9. 2 million Bangladeshis directly. The WTO report also highlighted that Bangladesh, among the 50 largest merchandise traders in 2022, saw its ranking jump to 49th in 2022 from 53rd in 2019. This small country’s strength of acquiring the third position is very low labor cost and the vast workforce. 9% In 2020, Bangladesh lost its se Bangladesh retains 2nd position in garment exports January 27, 2025 Nov 13, 2024 · By ASM Akram. According to the Export Promotion Bureau's data for 2023-2024, Bangladesh is the world’s top ranking exporter of ready-made garments. Aug 28, 2022 · List of Top 50 Clothing Manufacturers in Bangladesh: 1. A. Lamia Karim discusses the challenges and empowerment of women in Bangladesh's garment sector, highlighting labor exploitation, precarity, and Dec 5, 2023 · The need for Circular Switch in Bangladesh Textile and Garment Sector . MD SHAHADAT HOSSAIN 1y Jan 22, 2023 · The Role of Technology in the Apparel Industry. The use of technology in the apparel industry has revolutionised the way clothes are designed, produced, and Nov 25, 2024 · Made in Bangladesh Garment Industry Insights: Prof. The attention then shifts (in Section 4) to the impact of the COVID-19 crisis on the Bangladeshi garment industry, which in particular is illustrated through the lens of the conduct by a few specific MNCs (we name some) with supply chains in the garment industry in Bangladesh. Factors like skilled labor, worker satisfaction, and training programs play a crucial role. 99 billion in FY 2022-23, with a 10. 97 billion in January. 12bn in 2029. Top Ranking Garments Factory In Bangladesh. That trend continues even in the current global crisis. Feb 5, 2024 · Ridhwanul Haq, a business administration professor at Dhaka University, said manufacturing of ready-made garments had dominated Bangladesh’s economy for four decades but greener plants were positioning the country “for the next level of competitiveness” – and helping Bangladesh meet its own climate goals. 5 million people in support industries are dependent about the garment industry as well. With 44% women employment, the RMG sector Jul 30, 2016 · In July 1995, a memorandum of understanding was signed by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) to immediately remove from the garment industry all workers under 14 years of age, a move that was seen as more interested in placating consumers’ consciences than promoting the young workers’ best interests. The US is its largest market where unfortunately, growth was negative at -5. Bangladesh. Woven. The garments industry in Bangladesh has achieved a remarkable feat, emerging as the leading global player and surpassing China. Bangladesh is one of the top garments in exporting countries. A further 79 workers lost their lives in Dec 1, 2022 · Bangladesh bagged the second position again in the global apparel export market in 2021 after it was pushed back in third position by Vietnam in 2020. In the World Bank’s Logistics Performance Index, Bangladesh dropped from 79 in 2010 to 100 in 2018 in the overall ranking. In 2023, Bangladesh’s garment exports reached nearly 47. Now there are about five thousand garments and more than five thousand textile industries in Bangladesh and about 4. Here, we unveil the key trends shaping Bangladesh's Jul 11, 2021 · 22. 5 million people in Bangladesh work in the textile industry, the majority of whom are women. Efforts to keep up with neighboring ready-made garment manufacturing giants like China, Vietnam, and India while keeping their ETPs on, products safe, international customers content, and fair wages in their workers' pockets can leave a business in the red. Posh Garments; It is a part of Bangladesh’s top-ranked clothing industry. The garment industry in Bangladesh continues to drive economic growth for the country, contributing a 6% average annual growth rate since 2007. The Apparel market in Bangladesh is projected to grow by 2. Mar 2, 2023 · Bangladesh's apparel industry is experiencing daily growth in demand. Garment exports to the UK and the EU fared much better, registering a positive growth of 11. 7% decline in textile and garment exports in 10 months to only $27. Aug 25, 2020 · Between January and July, Vietnam, Bangladesh's main competitor in global apparel trade, exported textile and garment items worth $16. The textile and apparel sector is the only source of growth for Bangladesh’s fast-expanding economy. It is resilient to reveal companies’ best practices, showcase employer branding, conduct training, organizing seminars, symposiums & exhibitions, impart industry intelligence & consultancy etc. Image by Julia Manipella. It is one of the ancient textile and apparel companies in Bangladesh which was established in the year of 1990. 39 percent during the year. Balancing economic growth with May 20, 2020 · Bangladesh is second position garments exporter after China. The readymade garments sectors in Bangladesh mostly contributed to the nation's GDP. More than 4. Bangladesh is the second-largest ready-made garment (RMG) manufacturer and exporter in the world. Europe receives 61% of the exports that are created by the Bangladesh garment industry every year. Apr 28, 2024 · The Ready-Made Garments (RMG) sector is not just a business; it’s the backbone of the nation’s economy, representing a significant portion of its GDP and exports. Women aged 18-35 are increasingly leaving the industry for alternative professions like agriculture, domestic work or tailoring. Cotton, yarn, and other garment and textile inputs; Garment and textile production equipment; Chemicals; Fire and Building Safety Equipment; Fashion and design consulting and services. Sep 6, 2015 · Readymade Garments Industry of Bangladesh: Bangladesh, the southern Asian country has a population of approximately 164 million people. 76% (2025-2029) resulting in a market volume of US$12. 29 percent. 35% of its national GDP. Which is a massive 30. Jan 24, 2024 · Bangladesh is the second-largest ready-made garment (RMG) manufacturer and exporter in the world. Feb 22, 2024 · The Garment Industry in Bangladesh is a shining example of inventiveness and resiliency in the harsh world of international trade. According to the Export Promotion Bureau’s data for 2023-2024, Bangladesh is the world’s top ranking exporter of ready-made garments. 58 per cent of the country Aug 1, 2023 · It is followed by India, with a 3. Dec 20, 2024 · Today, Bangladesh’s garment industry is not just a domestic industry, but it has become one of the world’s largest garment suppliers. 2 billion. The Garment Factory: SIJI GARMENTS CO. Dec 5, 2024 · The proportion of women workers in Bangladesh's garment sector has fallen significantly, from 80% in 1980 to 53. is located at Mawna, Sreepur Industrial area which is approximately 40 km from Dhaka. Historically Textiles and apparel (T&C) consistently rank among Vietnam's leading export industries. Earlier, this ranking was held by one plant of another Bangladesh apparel producer, Green Textiles Ltd, with 104 points. It contributes about 8. Ananta Ahmed, International Green Building Expert, USGBC Faculty and the Principal LEED Consultant of 360 TSL, said, “The LEED is not just a certificate. 1. Bangladesh held a 7. In fact, the industry plays Hazardous workplaces: Making the Bangladesh Garment industry safe The safety record of the Bangladesh garment industry is one of the worst in the world. Working conditions in the Bangladesh garment industry came under great scrutiny in 2012 after 117 people were killed at a fire at Tazreen Fashions, a garment factory near the capital city of Dhaka, and even more so five months later, when more than 1,100 workers lost their lives in the collapse of Rana Plaza, home to several garment factories. 29, 9781003153238 A silent Green revolution has taken place in the apparel industry of Bangladesh. Why Bangladesh . 7 With the highest number of green garment factories in the world, the Bangladesh RMG industry has been leading the world in sustainable garment manufacturing. S. List of top ten garment exporters in Bangladesh are described here. It outlines the industry's history and growth, current problems like unsafe working conditions, and recent tragedies like the Rana Plaza collapse that killed over 1000 people. As a result, other countries are working on long-term strategies to bring the situation under control and ensure future growth. So, it is in 7th position in the ranking of Top 10 Garment Factories in Bangladesh. By 2023, the apparel industry will be largely mechanised, and the position in Bangladesh can be lifted as a leading exporter of ready-made garments, by adopting various modern technologies. 30% increase from the same period of the previous fiscal year. By the 1990s, the country had established itself as one of the largest exporters of textiles and garments in the world. The Bangladesh clothing sector has made 2014] READY-MADE GARMENT INDUSTRY 281 nation in the world, it is also the most crowded, ranking first in population density. Overview Renowned for its strong manufacturing capabilities and thriving ecosystem, the Bangladesh RMG industry has gone from strength to strength and has become a global hub for apparel Dec 2, 2022 · Bangladesh has proven successful in garment exports even in the midst of the Corona epidemic. and the EU. Performance Overview: Bangladesh’s garment exports reached $46. Among the 10 world’s highest rated LEED certified industrial units, 7 garment factories originated from Bangladesh. 613 billion, making it the second-largest apparel exporter in the world (Export Promotion Bureau data). Jan 22, 2023 · Bangladesh ranks second globally in the export of ready-made clothing in its entirety. Dec 29, 2024 · The UNCTAD forecasted a 5% decline in global garment trade by the end of 2024, resulting in a continuous drop in the unit price of our garments throughout the year, despite expectations that rising wages would positively influence pricing. 5 million to 4 million workers (2013)2 3 Garment % of GDP: 12% (2010)4 Garment % of export: 80%5 6 (2013) Nov 11, 2019 · Protecting Workers—and the Economy. Jan 7, 2025 · Of the 233 LEED-certified factories in the country, 93 are platinum-rated and 126 gold-rated, according to data from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA). 23 percent to $10. By comparison, Vietnam improved its ranking from 53 to 39 over the same period. Hence, NGOs, investors, and labor leaders sought Sep 30, 2023 · Projections indicate that Bangladesh’s textile and garment industry will continue its growth trajectory and is poised to capture more than 10% of the global market share by 2025 – BGMEA Bangladesh’s textile and apparel sector plays a pivotal role in the nation’s economy and serves as a crucial participant in the worldwide textile and Sep 30, 2023 · Readymade garment export contributed 84. 76 billion in the financial year ended June, data showed on Tuesday, led by a rebound in demand for garments as Western economies recovered. Jun 15, 2023 · List of top 10 Garments Industry in Bangladesh 01. 38 per cent share in the global market the previous year. Garment Industry of Bangladesh; Our Strengths; News; Trade Information . With Factsheet Bangladesh 1 Lina Stotz Facts on Bangladesh’s Garment Industry Key statistics: Population: more that 160 million people (2014); Bangladesh has the highest population density in the world1 Employment in garment industry: around 3. Aug 30, 2024 · Garment factories in Bangladesh, one of the world's biggest clothing production hubs, are struggling to complete orders on time as flooding disrupts their cotton supplies - exacerbating a backlog Dec 31, 2023 · Garment exports from Bangladesh may witness moderate growth of between 7 and 10 percent in 2024 after struggling to perform strongly in the outgoing year due to a global economic slowdown. Turkey is also the EU’s third largest source of clothing. In 2024, Bangladesh’s garment industry has set a target of 50 billion dollars in exports. About 1. " Feb 28, 2019 · The Ready-made garment industry in Bangladesh proved as a successful industry, which is a vehicle for further industrialization of the nation (Adnan et al. As 2024 draws close, Bangladesh’s textile and apparel industry stands at a critical juncture. May 28, 2022 · 28 May 2022, Mumbai: Vietnam Industry: Challenges & Opportunities. Feb 22, 2020 · From the above mentioned analysis and Textile Focus research a SWOT analysis of the Bangladesh textile and garments industry for the year 2020 and onward is outlined below. Today, it is the second-largest exporter of ready-made garments (RMG) globally, after China. Their clothing industry is starting to gain popularity. This country was second in exporting garments products till 2018. In the 2023-2024 fiscal year, the country exported garments worth US$36 billion, which accounted for 10. 71 billion. 5 per cent. Bangladesh, 2023. But it’s great news for the country that, garments sector (RMG) sector of Bangladesh has raised as the biggest earner of foreign currency Dec 22, 2023 · Despite the economic headwinds, as per the "World Trade Statistical Review" by WTO in 2022, Bangladesh has regained its ranking as the 2nd largest apparel exporter in the world with a 7. After the Rana Plaza, Tazrin Fashion fire incident and Holey Artisan Bakery incidents, buyers Feb 26, 2024 · With Bangladesh becoming the global champion in green garment factories, global buyers are now placing high volumes of work orders in Bangladesh, shifting from other countries, he noted. It consists of a four-storied production building covering approximately 110,000 square feet. Put otherwise, there was a US $ 7 billion decline in apparel exports from the prior year. Bangladesh is doing really well in the 2024 rankings. On the other hand, the export of woven garments surged 27. 11 While apparel made in Bangladesh only ac- Jan 6, 2025 · Bangladesh's garment industry began to gain momentum in the late 1970s, taking advantage of its low labour costs and skilled workforce. Textile Today is a media, communication & networking platform that has been functioning as an effective ‘Innovation Hub’. According to the report, garment exports from China, which is at the top, increased by 19. Jan 15, 2022 · As a result, the overall garment industry of Bangladesh has to face various criticisms in the domestic and global markets. Today, Bangladesh is the world’s second largest readymade garment exporting country, generating approximately $30 billion in export value every year. LTD. Bangladesh’s estimated GDP stands at an impressive 446. Bangladesh textile and apparel industry is standing at a cross road facing difficult challenges. The industry generates more than 84% of the country's total exports. As the world’s demand for garments continues to grow, Bangladesh is well-positioned to become a leading supplier of high-quality, affordable clothing. The industry seeks to achieve $ 100 billion in annual exports by 2030, which is ambitious but feasible, given the past growth scenario, and given that Figure 1: Bangladesh’s Export value of apparel 2013-22 and the target for 2030 $ Billion Source: Bangladesh Garment Manufacturers and Exporters Aug 2, 2018 · The Bangladesh garment industry also generates 200,000 employment opportunities within the waste recycling industry to process materials from textile creation. Aug 30, 2024 · Bangladesh's readymade garments industry, which supplies many of the world's best-known fashion brands, accounts for more than 80% of the country's total export earnings. The Apparel Market in Bangladesh is projected to grow by 9. Nov 23, 2024 · Non-compliance among some garment owners could further worsen the situation. The RMG industry of Bangladesh has become one of the fastest-growing industries globally since the 1990s and is the main source of its foreign earnings for the last three decades. 87 per cent share of the global market. Jan 23, 2023 · List of Top 10 Leading Garments Factory in Bangladesh. . Exceptional Workforce Dynamics. As we embark on the journey through 2024, a pivotal year marked by both challenges and opportunities, the contours of our industry's transformation come into sharp focus. Jan 25, 2024 · The EU has also rejected the possibility of a free trade agreement with Bangladesh, which makes a recent deal between the EU and Vietnam a further blow to local garment producers. Aug 14, 2015 · This presentation discusses Bangladesh's garments industry. Search a Member; General Member List; Associate Member List; Member Services Jan 13, 2025 · Challenges Bangladesh Faces in Further Expanding Its Garment Exports. 9 per cent respectively. Meanwhile, China remained the largest merchandise trader in 2022. 89 percent to $13. (Lopez-Acevedo, Gladys et al 2012, 215) Currently the garments industry is a multibillion dollar industry in Bangladesh and it also has made a huge contribution on the economic growth of the country. According to BGMEA - The apparel industry is now the highest export earner in Bangladesh, with exports worth over $27. 27 percent Dec 29, 2023 · Babul Akter, president of the Bangladesh Garment and Industrial Workers Federation spoke in stark terms: “Without a legally binding agreement, no factory is safe, Bangladesh’s garment industry will go back to square one . This sector has not only propelled the country's economy but has also generated employment opportunities for hundreds of thousands of rural women. 39 billion dollars, showing an approximate 10% growth compared to the previous year. Jan 7, 2024 · RMG exports in 2023: Apparel exports from Bangladesh hit a milestone last year fetching an all-time high of nearly $47 billion, eclipsing the previous record set in 2022 by about 10. Opex & Sinha Textile Group is a leader in Bangladesh’s garment industry, known for its large-scale production capacity, vertical integration, and commitment to high standards of quality and sustainability. 2021. We are pleased to work with GoodWeave and Bangladesh Labour Foundation on this new research to understand the scale and nature of exploitation in garment production and identify the critical areas where change can help to ensure decent work conditions. Nov 7, 2019 · Readymade Garments Industry (RMG) is the largest foreign exchange earning sector for Bangladesh. Bangladesh's Apparel Export to World. Feb 28, 2024 · Excess materials and jute products sit waiting to be sorted in Beni Boonon's Savar factory. As per the Export Promotion Bureau (EPB) data, in July- January of FY2021-22, Bangladesh’s readymade garment (RMG) industry exported $23. Oct 13, 2023 · PDF | On Oct 13, 2023, Shahidur Rahman published Bangladesh Garment Industry | Find, read and cite all the research you need on ResearchGate Aug 8, 2021 · The piece of news that Vietnam had crossed Bangladesh and became the second largest clothing exporter globally in 2020 is not a surprising one. There is hope for the future of the Bangladesh garment manufacturing sector to become something incredibly positive. 9 billion in the 2019-20 financial year. The RMG industry of Bangladesh has become one of the fastest-growing industries globally since the Feb 28, 2022 · Bangladesh: The second-largest apparel exporting country has had a tremendous 2021. 58% reduction in overall employment, predominantly affecting entry-level positions Bangladesh and allows the country’s apparel industry to start exporting to the North American and European market. The Corona epidemic had a profound effect on the Asian garment industry. This article will shine a light on the top ten garment factories that have propelled Bangladesh to the forefront of global textile production. Though a section of readymade garments (RMG) manufactures and exporters and their allies are trying to present it as a setback of the country’s leading export-oriented industry, this is not the reality. 7% by 2021, according to the BGMEA. Bangladesh ranks second in the world as a single Dec 27, 2023 · Enter the Ready-Made Garments or RMG industry. Value in Million USD (Calendar Year Basis) Year. 27 per cent year-on-year growth. However, subsequent months saw declining revenues, with cumulative garment exports reaching $32. This achievement is not just a business success, but a testament to […] The apparel industry of Bangladesh started its journey in the 1980s and has come to the position it is in today. Feb 18, 2022 · Bangladesh is back to being the world’s second-largest apparel exporter. we will have another Rana Plaza” (Waldersee and Paul, 2021). 349 billion (2022–2023), with predictions that it might reach one trillion by the end of Oct 27, 2021 · The Bangladesh garment industry and the global supply chain. According to the Bangladesh Fire Department 414 garment workers were killed in at least 213 factory fires between the years 2006 and 2009ii. Abstract. Then, the major clothing companies in the May 20, 2022 · Established in 1994, Epyllion Group is one of Bangladesh’s largest garment companies as a manufacturer and exporter of Knit apparel, which has a solid backward linkage to knit garments, textiles, wet processing, and clothing-accessory products. Conclusion. “Backed by progressive policy initiatives, we have created a favourable environment for the RM G sector, where private entrepreneurs have played Nov 23, 2024 · Non-compliance among some garment owners could further worsen the situation. Resources. Due to their diverse skills and advantages, Bangladesh T&A and Vietnam Apparel will profit from most garment sourcing businesses' 'In China plus one approach. . Dec 26, 2024 · He said that the Vietnamese textile and garment industry seized a significant number of orders shifting from Bangladesh in 2024, contributing to the industry’s revenue milestone of $44 billion, representing 11%, while Bangladesh, Vietnam’s most potent rival recorded a 3. Ha-Meem Group Contact Person: MR. Beximco (Textiles & Apparels Division) In Bangladesh, Beximco is another well-known, top-tier apparel manufacturer. He had a vision of how to transform the country. Dec 5, 2024 · BGMEA discusses Bangladesh’s garment labour issues, condemns ‘inhuman’ attack Major stakeholders from various sectors have recently met at the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) complex to deliberate on the prevailing conditions within the country’s garment industry. 86 billion for the first eight months of FY2024—only a 4. The Pakistani textile and garment industry, with its center in the province of Punjab, is Pakistan's most important industrial sector. Garment exports to Europe increased by 38. Oct 8, 2024 · This success is a reflection of Bangladesh’s thriving garment industry, but also highlights some challenges. 60m in 2029. Key figures and rankings about companies and products second-largest apparel exporter (Figure 2). A report suggests technological upgrades in Bangladesh’s ready-made garment (RMG) sector have resulted in a 30. In 2020, Vietnam came second, pushing Bangladesh to Dec 20, 2024 · Bangladesh’s textile industry has faced numerous challenges on its journey, but today, it is recognized as one of the world’s leading exporting industries. PK Knit Fashion Contact Person: Kamruzzaman Kamal Address: House 33, Road -02, Sector -10, Uttara, Dhaka-1230, Bangladesh. 5 per cent to GDP and 62 per cent of export revenues. The factory was established in 2013 by foreign investment and ownership. Jan 13, 2025 · The Bangladesh garment industry’s ability to innovate, adapt, and embrace sustainability ensures its continued relevance in the global textile market. 99 billion worth of garments. 3m people. 30 percent to $23. Export Performance; Monthly Trade Session; Fair Calendar; Weekly Trade Digest; Sustainability . The Bangladesh economy remains highly dependent on the ready-made garments (RMG) industry for supporting employment generation, exports and women empowerment. 10 About four million people currently work in Bangladesh’s RMG industry—the world’s second largest apparel exporter fol-lowing China. 77% increase over the previous fiscal period. Apparel accounts for 84. 5 million people work only in garment industry here. Posh Garments Ltd. In 1978, he sent 130 trainees to South Korea where they learned how to produce readymade Bangladesh. However, Bangladesh faces a number of challenges as it seeks to further expand its garment exports. 30 billion in 2021. According to the World Trade Statistics Review 2022 published by the World Trade Organization (WTO), Bangladesh once again ranked second in the global ready-made garment export market in 2021. , 2015; Mia and Akter, 2019). 5 per cent of Bangladesh's total exports valued at nearly $47 billion. Key figures and rankings about companies and products Nov 25, 2024 · Bangladesh plays a central role in global garment production, particularly for fast fashion and mass-market apparel. Bangladesh, renowned as the world's second-largest garments exporter, owes much of its economic prowess to the textile and garment industry, which contributes a staggering 85% to the nation's export revenue and employs over 4. The economy of Bangladesh is significantly dependent on agriculture. “The Bangladesh government has been quite proactive in supporting the RM G industry in the country,” says Rubana Huq, president, Bangladesh Garment Manufacturers & Exporters Association (BGMEA). The garment and textile sector accounts for more than 10% of the country’s GDP, nearly 85% of its export earnings, and provides jobs for approximately 4. 18 billion from Bangladesh which was $15. 99 billion from July to January 2021-22. Aug 31, 2024 · The future of the garment industry in Bangladesh is bright. Garment industry's share of total exports Bangladesh 2012-2021; Main apparel items export value Bangladesh 2020; Number of garment factories Bangladesh 2010-2020 Bangladesh's global market share in apparel exports increases to 7. 1% market share and exported garment items worth $18 billion. With around USD 15 billion in export value in calendar year 2010, the RMG industry is cur - rently Bangladesh’s most important industry sector (13 percent share of GDP and total Jun 17, 2024 · Industry revenue of “manufacture of textile fabrics, wearing apparel & accessories“ in China 2012-2025 Leading textile and clothing manufacturers on the Fortune China 500 ranking 2024 Jul 20, 2022 · Other sub-sectors include garment and textile labels and packaging. In […] Dec 30, 2024 · Future Of Bangladesh's Garment Sector: For the local apparel industry, 2024 was a year marked by challenges, recoveries and a renewed sense of hope as the global market began to brighten Mar 7, 2024 · Global Ranking: Bangladesh is the second-largest clothing exporter globally, following China, accounting for around 16% of global textile and apparel exports. More than 3,000 RMG factories make up the largest industrial sector in Bangladesh and employs around 4 million women and men. Opportunities. The late NuroolQuader Khan was the pioneer of the readymade garment industry in Bangladesh. As Bangladesh strives to achieve developing nation status in 2026, it would lose duty free access to the EU – while the reduction in duties for Vietnam under the EU Bangladesh exported US $ 45 billion worth of clothing the year before, or in 2022. ioecvsgr pcr gadawq jrrpps eib pyin ucmv jyn jtmp ljs zhch oripln khdpp shgtx omyuug