Bangladesh Regains Its Position as Second-Biggest Textile Exporter in 2021

21 December 2022

Bangladesh regained its position as the world’s second-largest RMG exporter in 2021 by supplying apparel and clothing worth USD 33.9 billion to the world. That dollar amount rose to USD 37.6 billion during Jan-Nov 2022. Bangladesh shipped apparel & clothing worth USD 27.6 billion in 2020, which held the third position in the market. Who imports Bangladeshi apparel & clothing? What is the market share of Bangladesh in 2022? Get accurate answers to every trade-related question of Bangladesh’s export market of apparel and clothing.

Global Exports of Apparel and Clothing

Bangladesh regained its position as the second-biggest exporter of apparel and clothing. According to our data, Bangladesh exported apparel & clothing of Chapter 61 worth USD 19.1 billion and Chapter 62 worth USD 14.8 billion in 2021. China is the top supplier of RMG with total trade of USD 86.4 billion (Chapter 61) and USD 70 billion (Chapter 62) reported last year. Here is a list of the top 10 global countries of apparel and clothing with their values reported in 2021.

Bangladesh’s Exports of Apparel and Clothing (Y-o-Y Comparison)

Bangladesh’s exports of apparel and clothing increased in 2022 as compared to the previous year. The country shipped $37.6 billion worth of goods of Chapters 61 and 62 in 2022 (till Nov) and $33.9 billion in 2021. The year 2020 was relatively worse in terms of trade due to the Covid-19 pandemic that affected the global supply chain. According to our database, Bangladesh’s exports of apparel & clothing (Chapters 61 & 62) stood at just USD 27.6 billion. Understand the given visualized data.  

Bangladesh’s Exports of Apparel and Clothing by Destination Country 2022

Bangladesh’s top destination countries of apparel and clothing in 2022 were –

Chapter 61: Germany (16.7%), United States (12.5%), United Kingdom (11.6%), Spain (8.1%), France (7.3%), Italy (5.0%), Poland (4.8%), Netherlands (4.0%), Denmark (3.3%), and Canada (2.9%).

Chapter 62: United States (31.9%), Germany (11.6%), United Kingdom (8.9%), Spain (6.9%), France (4.9%), Canada (3.9%), Netherlands (3.5%), Italy (3.1%), Japan (2.9%), and Poland (2.9%)

Below given chart shows the dollar amount of these countries.

Bangladesh’s exports of apparel and clothing will increase in 2023 as well. The country is looking for new markets in countries such as South Korea and Japan. It is hoping to broaden its customer base as surging inflation stifles orders from key buyers in Europe and North America. Get all the latest market information on global trade of commodities right here.