Bangladesh expands RMG market share globally

Bangladesh gained a higher share in the global readymade garment (RMG) trade last year, and retained its second position among apparel-exporting nations.

The country’s share in garment trade rose to 7.90% in 2022 from 6.40% in 2021, according to data released by the World Trade Organization (WTO) on Monday.

China continued to remain the largest exporter of garments in the global market with a 31.7% market share.

Vietnam was the third-largest apparel exporter in 2022, grabbing 6.1% market share, the WTO said in its World Trade Statistical Review 2023.

Bangladesh exported garment items worth $45 billion in 2022, the data showed.

China exported apparel worth $182 billion and Vietnam shipped products amounting to $35 billion in 2022, according to WTO data.

Courtesy: Dhaka Tribune