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 the 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, an increase in the cost of making, political condition, market competitiveness, and the exchange rate of USD to BDT.
Total Export Million USD
Bangladesh RMG Growth for the Year 2017-2018
Ready-Made Garments industry is growing at a 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|
Broad RMG Export Category of Bangladesh
|Product Type||Million USD||Percent|
We mainly divide our apparel product into two broad categories. One is knit and the other is woven.
Monthly RMG Export Growth for the year 2017-2018
Although the growth of Ready Made Garments increased every month there was an exception for the month of September 2017. It is not clear why suddenly the growth rate reached a negative figure.
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-shirts are exporting a huge amount, which is contributing to the rate of 29% and 28%. So these two products added significant value to the export earnings of Bangladesh.
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 in the USA and the third one in Canada.
Top 10 European Union (EU) Countries Bangladesh Export their RMG
Export of RMG by Bangladesh in the 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 the EU is the largest buyer of garments in our country.
|EU Countries||Million USD||Percent|
|The Czech Republic||352||2.386%|
RMG Export Market of Bangladesh Source: Export Promotion Bureau of Bangladesh, BGMEA