06 January 2024, Mumbai
“Against the Global Storm, Bangladesh’s Garment Titans Roared"
Against the global storm, Bangladesh’s garment titans roared. A record US$47 billion in exports (10.27% growth) paints a picture of unwavering spirit.
Knitwear led the charge, woven threads followed, and December 2022 shimmered with the highest single-month export ever at US$4.67 billion. This surge cemented RMG’s dominance, pushing its share to 84.58%.
This feat defies global headwinds. The country owes it to entrepreneurs' relentless drive, unwavering government support, and BGMEA’s unwavering support. But diversification remains a siren call, as non-RMG dipped.
Yet, the sector is not just pushing volume; it is also pioneering paths. Uncharted markets beckon, backward linkages strengthen supply chains, and basic threads transform into higher-end marvels.
This qualitative leap whispers of our agility and commitment to evolving tastes.
Sustainability is its guiding light
Bangladesh leads the world in USGBC LEED Green factories, and due diligence and circularity are textile trade mantras. Responsible Business Hub and CIEOSH illuminate the path to a greener future.
Resilient story
From turbulent skies, Bangladesh’s garment industry emerges, not just surviving but soaring with resilience and a green revolution in its heart.
CREDITS: BGMEA press release
