- The world’s 2nd largest producer of apparels, Bangladesh apparel industry contributes 84% of the country’s annual exports i.e. over USD 32.92 billion to the economy and generating employment for almost 4.5 million people. Of the total amount, Knitwear products earned $15.18 billion, which is 10.40% higher than last year while woven products earned $15.42 billion, up by 7.18%, from last year.
- Bangladesh’s apparel exports earnings have recorded a sharp rise of 16.52% to $5.4 billion in 2018 to non-traditional export markets, which were $4.2 billion in 2017, according to the latest data of the Export Promotion Bureau (EPB).
- There is huge yarn & fabric demand supply gap in the RMG industries which is presently met by imports from China, Hong Kong, Singapore, Thailand, Korea, Indonesia, Taiwan, etc.
- Major textile imports consists of Cotton Yarns & Fabrics (dyed/blended), Man-made Staple Fibres, Filament Yarns, Polyester/Acrylic Yarns & Fabrics, Viscose/Rayon Yarns & Fabrics, Knitted or Crocheted Fabrics, Special Woven Fabrics, Tufted Textured Fabrics, Sewing Threads (Cotton/Synthetic/Acrylic), Fancy Yarns and Fabrics, Laces, Embroidery, Trimmings and other clothing accessories, Dyes, Pigments and other colouring materials amongst others from across South Asia, South-East Asia and the far East.