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1. • Approximately 47 billion U.S. dollars

     • In the financial year from 2022 to 2023, the export value ready-made garments (RMG) in Bangladesh amounted to approximately 47 billion U.S. dollars. This was an increase from the previous year, in which RMG exports in Bangladesh amounted to 42.6 billion U.S. dollars.
     www.statista.com/statistics/987707/bangladesh-export-value-garments/

     Bangladesh: export value of ready-made garments 2023 - Statista

2. People also ask

   What is the export value of ready-made garments in Bangladesh?

   • In 2021, the export value ready-made garments (RMG) in Bangladesh amounted to approximately 31.46 billion U.S. dollars. This was an increase from the previous year, in which RMG exports in Bangladesh amounted to just nearly 28 billion U.S. dollars. Get notified via email when this statistic is updated. Figures have been rounded.

   Bangladesh: export value of ready-made garments 2021 - Statista

   www.statista.com/statistics/987707/bangladesh-export-value-garments/

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   How much will Bangladesh's garment industry earn by 2030?

   • BD garment manufacturers aim to hit $100 billion in export earnings by 2030 (BGMEA). DTG is the largest garment machinery, home textile and accessories expo in Bangladesh. Bangladesh’s textile and garment industry is forecasted to continue growing, and it is expected to account for more than 10% of the global market by 2025, according to BGMEA.

   10 Stats on Bangladesh's Growing Textile and Garment Industry

   www.worldfashionexchange.com/blog/rise-of-bangladesh-textile-and-garment-industry/

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   What is the future of Bangladesh's textile & garment industry?

   • Bangladesh’s textile and garment industry is forecasted to continue growing, and it is expected to account for more than 10% of the global market by 2025, according to BGMEA. The industry is also set to benefit from the ongoing shift in global sourcing patterns as more and more countries look to diversify their supply chains.

   10 Stats on Bangladesh's Growing Textile and Garment Industry

   www.worldfashionexchange.com/blog/rise-of-bangladesh-textile-and-garment-industry/

   See all results for this question

   Why is garment industry important in Bangladesh?

   • In addition, the garment industry is also a significant source of employment and income for Bangladesh, with more than 4 million people (about twice the population of New Mexico) working in the sector.

   10 Stats on Bangladesh's Growing Textile and Garment Industry

   www.worldfashionexchange.com/blog/rise-of-bangladesh-textile-and-garment-industry/

   See all results for this question

3. link.springer.com › article › 10Bangladesh's Emergence as a Ready-Made Garment Export Leader ...

   link.springer.com › article › 10

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   Feb 9, 2022 · Bangladesh is the second-largest ready-made garment (RMG) manufacturer and exporter in the world. 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.

4. www.statista.com › statistics › 987707Bangladesh: export value of ready-made garments 2023 - Statista

   www.statista.com › statistics › 987707

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   Sep 11, 2024 · In the financial year from 2022 to 2023, the export value ready-made garments (RMG) in Bangladesh amounted to approximately 47 billion U.S. dollars. This was an increase from the...

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6. www.worldfashionexchange.com › blog › rise-of10 Stats on Bangladesh's Growing Textile and Garment Industry

   www.worldfashionexchange.com › blog › rise-of

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   Jun 2, 2023 · The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) reported that in the first eight months of 2022, BD ready-made garment (RMG) exports totaled $29.825 billion, up by 38.39% compared to the same period in the previous year.

7. www.dhl.com › discover › en-bdUnravelling the ready-made garments industry in Bangladesh - DHL

   www.dhl.com › discover › en-bd

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   Mar 10, 2024 · According to reports by Nikkei Asia, Bangladesh now proudly claims the title of the world's second-largest ready-made garments (RMG) manufacturer and exporter. But this isn't merely an industrial sector; it's a dynamic force propelling Bangladesh's holistic development.

8. www.fibre2fashion.com › news › apparel-newsBangladesh's garment exports rise 35.47% in fiscal 2021-22

   www.fibre2fashion.com › news › apparel-news

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   Woven and knitted apparel, clothing accessories and home textiles’ exports together accounted for 84.93 per cent of $52.082 billion worth of total exports made by Bangladesh during 2021-22.

9. cpd.org.bd › publication › readymade-garmentsReadymade Garments Industry in Bangladesh: An Analysis of the ...

   cpd.org.bd › publication › readymade-garments

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   Apr 24, 2024 · Bangladesh's readymade garments (RMG) industry is primarily labour-intensive, utilising simple technology compared to other high-tech industries. Fundamentally, the value chain components for Bangladesh’s RMG industry are straightforward.

10. www.mckinsey.com › industries › retailWhat’s next for Bangladesh’s garment industry, after a decade ...

    www.mckinsey.com › industries › retail

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    Mar 25, 2021 · The ready-made garment (RMG) industry is a mainstay of this economic success story: Bangladesh is today one of the world’s largest garment exporters, with the RMG sector accounting for 84 percent of Bangladesh’s exports.