Ready Made Garments Export of Bangladesh

The condition of RMG Ready Made Garments Export of Bangladesh 2018

Bangladesh is now one of the developing countries in the world. Ready Made Garments (RMG) has a huge contribution to the economic growth of this country. The current condition of RMG – Ready Made Garments Export of Bangladesh seems good because there is a positive growth of export earnings. According to Export Promotion Bureau of Bangladesh (EPB), for the year 2017 to 2018 (July 2017 to April), Bangladesh Apparel Export is growing at the rate of 9% which seems a significant amount.

RMG Export Growth Over the Year 2010 to 2018

Here you can see that the growth rate of RMG export is always fluctuating, the reason behind this is a change in market demand, increase in the cost of making, political condition, market competitiveness, and the exchange rate of USD to BDT.

Year

Total Export Million USD

Growth
2010 14855 25%
2011 19214 29%
2012 19788 3%
2013 23501 19%
2014 24584 5%
2015 26603 8%
2016 28668 8%
2017 29213 2%

Export Growth of Ready Made Garments (RMG) of Bangladesh

Bangladesh RMG Growth for the Year 2017-2018

Ready Made Garments industry is growing at the rate of nine percent compared with the previous year. But in 2016-17 this growth rate was only 2%. So there is a significant positive change in the export.

Total RMG Export Growth 2017-2018
Year Woven Knit Total Growth
2016-2017 10,785 10,144 20,929           –
2017-2018 11,513 11,321 22,834 9%

Broad RMG Export Category of Bangladesh

Product Type Million USD Percent
Woven 11,513 50.42%
Knit 11,321 49.58%
Total 22,834 100%

We mainly divide our apparel product into two broad categories. One is knit and other is woven.

Ready Made Garments Export of Bangladesh

Monthly RMG Export Growth for the year 2017-2018

Although the growth of Ready Made Garments increased in every month there was an exception for the month of September 2017. It is not clear why suddenly growth rate reached to a negative figure.

Monthly Ready Made Garments Export Growth 2018

Main Apparel Export Items of Bangladesh for the Year 2016-2017

Bangladesh is mainly exporting Shirts, T-shirt, Trousers, Jackets Sweater among these Trousers and T-Shirt are exporting a huge amount, which is contributing at the rate of 29% and 28%. So these two products added significant value to the export earnings of Bangladesh.

Item

Million USD

Percent
Shirts 2108 10%
Trousers 6027 29%
Jackets 3547 17%
T-Shirt 5862 28%
Sweater 3362 16%
Total 20905 100%

Bangladesh Main RMG Export Product Type

Bangladesh RMG Export to the World 2017-2018

Most of our RMG is Exported to the European Union, where we export about 65% of our total export of apparel. Our second biggest client is the USA and the third one in Canada.

Region

Million USD

Percent
EU Countries 14735 65%
USA 3929 17%
Canada 713 3%
Others 3457 15%
Total 22834 100%

Bangladesh RMG Export to the World

Top 10 European Union (EU) Countries Bangladesh Export their RMG

  1. Germany
  2. UK
  3. Spain
  4. France
  5. Italy
  6. Netherlands
  7. Poland
  8. Belgium
  9. Denmark
  10. Sweden

Top European Union Ready Made Garments (RMG) Buyers of Bangladesh

Export of RMG by Bangladesh in European Union (EU)

Here look into this list that for the last 10 month EU countries is contributing 14734.69 million dollars. So there is no question of EU is the largest buyers of garments in our country.

EU Countries Million USD Percent
Germany 4205 28.537%
U.K. 2847 19.322%
Spain 1714 11.633%
France 1328 9.012%
Italy 1086 7.371%
Netherlands 717 4.866%
Poland 645 4.381%
Belgium 534 3.626%
Denmark 504 3.420%
Sweden 395 2.679%
The Czech Republic 352 2.386%
Ireland 131 0.890%
Slovakia 64 0.433%
Portugal 50 0.338%
Slovenia 44 0.298%
Greece 40 0.270%
Finland 22 0.152%
Austria 22 0.147%
Romania 13 0.086%
Croatia 10 0.069%
Malta 5 0.033%
Bulgaria 2 0.013%
Hungary 2 0.012%
Lithuania 2 0.011%
Cyprus 1 0.006%
Estonia 1 0.006%
Latvia 0.5 0.004%
Total 14735 100%

RMG Export Market of Bangladesh Source: Export Promotion Bureau of Bangladesh, BGMEA

Written by

Md. Nahian Mahmud Shaikat

Email: [email protected]

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