Bangladesh’s share in the global clothing export market increased significantly to 7.90 percent in the last year from 6.40 percent in 2021, according to the latest statistics released by World Trade Organization (WTO).
The country’s share in the global ready-made garments (RMG) market was 6.30 percent in 2020, 6.80 percent in 2019 and 6.40 percent in 2018. The country also retained the second position in clothing export, preceded by China and followed by Vietnam in the global market in 2022. The statistics showed that the total export of RMG from Bangladesh reached $44.35 bn in 2022, registering around 27 percent annual growth.
World Trade Statistical Review 2023, released by the WTO recently, also showed that Vietnam’s share in global RMG exports also increased to 6.10 percent in 2022 from 5.80 percent in 2021. Annual RMG exports from Vietnam stood at $35.30 bn in the last year. China remained in the first position though its share of the global clothing export market declined to 31.70 percent in the last year from 32.80 percent in 2021.
The European Union (EU), according to the WTO publication, is the second largest global exporter of RMG. So, technically, Bangladesh is the third largest global RMG exporter, and Vietnam is the fourth largest. If the EU’s combined export figures were disaggregated country-wise, Bangladesh and Vietnam would be the second and third top exporters of clothing in the world market. The EU’s country-wise figure is not available in the WTO publication, however.
Bangladesh’s share in the global clothing export market increased significantly to 7.90 percent in the last year from 6.40 percent in 2021, according to the latest statistics released by World Trade Organization (WTO).
