What is the present condition of the Bangladesh garment industry?

 In the past few decades, we can see that Bangladesh has grown and become the second-largest exporter and most significant garment manufacturing country in the world. 

The ready-made garments industry is the backbone of the Bangladesh export sector. At the current time, Bangladesh comes on the list of top manufacturers of (RMG) products. 

In this blog, we will give you information about What is the present condition of the Bangladesh garment industry. Additionally, we’ll answer some of your most common questions. 

As per the Latest Bangladesh Import-export data, there are more than 80% of Bangladesh's export depend on the Ready-made-garments (RMG) sector. 

Additionally, because of low labor costs in Bangladesh, there are more than 20 Million People working in the Ready-Made-Garments (RMG) sector 

In terms of GDP, textile & article apparel covers more than 20% of Bangladesh's GDP value.  

What are the main factors (RMG) Sector of Bangladesh is growing rapidly?

As we know that the Bangladesh RMG Export sector is growing very fastly. There are lots of factors that took Bangladesh to this position and those factors are as follows - 

  1. Low Labor cost - this is the biggest factor that took Bangladesh to this place because the labor cost in Bangladesh is too less as compared to other countries like China, India, and Colombia. Additionally, in Bangladesh, there are more than 30+ Private and public universities that are giving textile graduates every year. 
  2. Immediate returns - it is the only sector that gives an immediate return as compared to another sector. The RMG sector gives you a return in just 2-3 years and creates so many business opportunities for you because of its rapidly growing export value.  
  3. Tax Bonus - Bangladesh allows more than 52 countries to export products without any taxes additionally they signed so many trade agreements too. So these are the reason why the export of Bangladesh is increasing year by year. 


What are the top 3 Ready-Made-Garments industries in Bangladesh?

Bangladesh is leading the 2nd rank in the world in terms of RMG Export and collected around $31.2 Billion US Dollars in the year 2020 to 2021. 

It is the best place for garment industries who want to expand their business in the global commerce market 

Here is the list of the top 3 Ready-made-garments industries available in Bangladesh as follows - 

  • Ha-Meem Group - this is the most popular Ready-made-garment company in Bangladesh. It is being founded in 1948 by the director of Ha-meen Mr. A.K Azad and the company contains more than 50K employees and 26 factories in Bangladesh. They are making both formal and casual brand clothes. 
  • Square Fashions Limited - if we are making the list of top readymade garment industries then our list is incomplete without Square fashion limited. the company was founded in 1997 by Samson H. Chowdhury and they provided every possible facility to their employees such as fresh meals, pure drinking water, and many facilities. 
  •  Beximco Fashions Limited - this is also one of the largest and most popular garment industry which is located in Bangladesh. The company was founded in 1997 and currently, they are consisting more than 70K+ employees. The company supplies its goods of more than 6K million pieces of quality clothes in a year to Canada, Europe, and the USA.  

Conclusion - in this blog, we give you enough information about What is the present condition of the Bangladesh garment industry. We give you What are the top 3 Ready-Made-Garments industries in Bangladesh, What are the main factors (RMG) Sector of Bangladesh that is growing rapidly, and many more. 

We are assuming the information is enough and helpful for your import-export business. For more information visit our official website Exim Trade Data. 

 Also, you can connect us by mail at Info@eximtradedata.com or call us at tel:91-9625812393

Acquire the most prominent import-export data from the world’s best global import-export data provider. 

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