Key Highlights:
The second-biggest exporter of ready-to-wear apparel worldwide is Bangladesh.
Over the past few decades, Bangladesh's textile and clothing industry has experienced remarkable growth.
As per Bangladesh garment export data, Bangladesh exported $45 billion worth of clothing in 2022, the World Statistical Review 2023 published by the WTO states.
As per Bangladesh garment export data 2022-23, the export value ready-made garments (RMG) in Bangladesh amounted to approximately 47 billion U.S. dollars. This was an increase from the last year, in which RMG exports in Bangladesh worth 42.6 billion U.S. dollars.
In the fiscal year 2022–2023, 84.58% of Bangladesh's export earnings came from the apparel industry.
With $182 billion in apparel exports in 2022, China topped the world rankings. Bangladesh came in second.
Based on readymade garment exporters data,India, Vietnam, and Bangladesh are some of the biggest exporters of clothing.
The Palmal Group, Ha-Meem Group, DBL Group, Square Group, and Asian Textile Mills Limited are some of the leading Bangladesh garment exporters.
Eximpedia.app provides a data-driven platform to locate detailed information about garment exports from Bangladesh and Bangladesh garment exporters list.
Bangladesh's clothing industry is a significant player in the world market and is well-known for its affordability and output. Over the past few decades, Bangladesh's textile and apparel industry has grown remarkably. Bangladesh's textile and apparel sector is expected to grow further with an emphasis on competitiveness, more investments, and increasing export markets.
However, Bangladesh is the world's second-largest exporter of ready-to-wear clothing. According to BGMEA, approximately 4,000 small and large outfits are currently available in the nation. This blog post will discuss the benefits of garment exports from Bangladesh, the Bangladesh garment exporters list, and updated market insights.
Bangladesh is the second-ranked country in the world for apparel exports, with $45 billion in apparel exports in 2022, according to the WTO's World Statistical Review 2023.
Let’s uncover some critical insights for garment exports from Bangladesh!
According to the Export Promotion Bureau (EPB), Bangladesh's apparel exports reached a historic high of around $47 billion last year, surpassing the previous record established in 2022 by almost 10.27 percent.
Furthermore, this accomplishment contributed to the nation's overall exports reaching a new high of $55.56 billion in the fiscal year 2022–2023.
According to EPB data, apparel accounted for 84.58 percent of export receipts in that year, compared to 81.82 percent in the fiscal year 2021–2022.
In December 2022, apparel export earnings reached a record $4.67 billion monthly total, marking another exceptional performance.
Apparel export revenues in 2023 were around $21.25 billion in woven clothing and $25.73 billion in knitwear. The yearly growth rates for these categories were 10.87 percent and 9.56 percent, respectively.
Let’s explore the top apparel-exporting countries!
The top nations that export clothes are included together with their export values. Let’s explore the top nations:
|
S.No |
Top Apparel Exporting Countries |
Export Values |
|
1 |
China |
$182bn |
|
2 |
Bangladesh |
$45bn |
|
3 |
Vietnam |
$35bn |
|
4 |
Turkey |
$20bn |
|
5 |
India |
$18bn |
It is evident that China led the world market for clothing exports in 2022, having shipped $182 billion worth of apparel; yet, China's proportion of total clothing exports fell to 31.7% in 2022 from 32.8% in 2021.
During that time, Vietnam maintained its third-place ranking, exporting $35 billion worth of clothing, or 6.1% of the global market. With a 3.5% global share and projected garment exports of $20 billion in 2022, Turkey has emerged as the world's fourth-largest apparel exporter. India comes in second with a 3.1% market share and $18 billion in garment exports.
Let’s explore the Bangladesh garment exporters!
Let’s explore the Bangladesh garment exporters list
One of the biggest producers of RMG, the Palmal Group, has an export value of US$49.90 crore, which is equivalent to an enormous (BD Taka) 41,916,000,000 (or around (BD Taka) 4.19 thousand crore). At the moment, it is Bangladesh's biggest exporter of clothing.
Ha-Meem Group is one of Bangladesh's most significant enterprise groupings in the textile and apparel industry. This group consists of 26 clothing factories. The Ha-Meem Group exports clothing valued at approximately $58.27 crore, or 48,946,800,000.00 Taka in Bangladeshi currency, during the 2020–2021 fiscal year.
A leading garment exporter for three decades, DBL Group has set up a factory in Ethiopia, leveraging its experience. It boasts US $45.74 Crore in exports, translating to a staggering ?38,421,600,000 (approximately ?3.84 thousand crore).
Founded by entrepreneur Samson Chowdhury, Square Group has become a textile force in just 12 years. A significant producer of yarn and weaving, they've exported a hefty US $31.28 Crore (26.28 billion Taka, approx. ?2.62 thousand crore).
In 1990, Asian Textile Mills Limited was founded. In the same year, the business began producing goods for sale. They quickly rose to prominence as one of the nation's top producers of textiles. However, Asian Textile Mills Ltd. has exported US $18.54 Crore (15.57 billion Taka, approx. ?1.55 thousand crore).
Bangladesh's garment industry is a significant global business that benefits the nation and the rest of the world. Here are the benefits of garment exports from Bangladesh.
Boost Bangladesh Economy: Bangladesh's economy is primarily driven by garment exports, which bring in billions of dollars and millions of jobs annually. This revenue supports social programs, infrastructural development, and poverty alleviation.
Foreign Exchange: Bangladesh's financial situation is strengthened, and needed imports are made possible by the valuable foreign currency brought in by exports.
Opportunities for Traders: Traders need to locate the list of garment exports from Bangladesh, Bangladesh garment export data, or the major Bangladesh garment exporters list. All relevant information is easily available at our data-driven platform, Eximpedia.app.
Global Player: Bangladesh is a significant supplier to well-known clothing companies, providing reasonably priced, high-quality apparel to customers across the globe.
Browse the data-driven dashboard Eximpedia to find the top Bangladesh garment exporters or importers list. In addition to import/export data, we offer reliable, accurate, and up-to-date information on international trade to over 130 nations. We also provide the list of garment exports from Bangladesh, or the updated Bangladesh garment export data.
One of the top data-driven resources for exploring shipments worldwide is the Eximpedia app. Thanks to our vast global database, you won't have any difficulties obtaining worldwide trade statistics.
Final Words!
Bangladesh's garment industry is a stunning success story, reshaping the global fashion scene, empowering its people, and fostering economic progress. Bangladeshi clothing exporters may guarantee their continuous dominance in the future by embracing innovation, sustainability, and ethical standards.
The next time you put on a well-made, reasonably priced item of clothing, remember the narrative behind it—one of opportunity, ingenuity, and a developing country. However, if you have any queries related to garment exports from Bangladesh, Bangladesh garment exporters or updated Bangladesh garment export data, visit Eximpedia.app and schedule a free live demo anytime!
FAQ (Frequently Ask Questions)
Based on India import data, $10.63 billion, or 2.6% of India's total exports, were exported to Bangladesh by Indian companies.
According to Bangladesh garment export data, Bangladesh's apparel exports reached a historic high of around $47 billion last year, surpassing the previous record established in 2022 by almost 10.27 percent.
As per Bangladesh garment export statistics 2023, the export value ready-made garments (RMG) in Bangladesh amounted to approximately 47 billion U.S. dollars.
Palmal Group, Ha-Meem Group, DBL Group, Square Group and Asian Textile Mills Limited are the biggest garment exporters in Bangladesh.
Also Read:
Textile Export from India: Global Market Statistics
How to Start Your Footwear Export Business from India
Top Strategies for Success in Leather Export from India
Top Garment Export Countries: A Comprehensive Analysis
Garment exports from Bangladesh 2023 data
Garment exports from Bangladesh 2022 data
Garment exports from Bangladesh 2021 data
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