The Apparel Industry in Bangladesh is a Powerhouse for Growth and Empowerment. $46.99B Exports | 4M+ Jobs | Women Leaders (58%). Dominating global apparel exports, Bangladesh thrives on innovation (AI, IoT) & empowers millions through jobs & poverty reduction.
Let’s Know The Significance of Apparel Industry in Bangladesh
- Economic Value: In the outgoing financial year 2022-23, Bangladesh exported 46.99 billion dollars, Growth of 10.27%
- Job Creation: Bangladesh’s garment industry employs more than 4 million people.
- Manufacturing Share: Bangladesh holds a 7.9% global market share with exports of 45 billion dollars by 2022. [World trade statistical review released 31 July,2023]
- Dominant Player: After China, Bangladesh dominates the global apparel export market in the EU and USA. Bangladesh holds the second position with 7.9% of the global market share.
- Contribution to GDP: The largest contribution to Bangladesh’s GDP is 9.25% in FY 2022.
- Poverty Reduction: Bangladesh’s apparel industry has created employment for around 4 million people and lifted them from the abyss of poverty.
- Women Empowerment: 58% of total garment workers are women, according to Mapped in Bangladesh (MiB); the survey was conducted in 2020.
- Technological Advancement: Automation, IoT, RFID, AI, and other technologies are widely used in the manufacturing process of the apparel industry in Bangladesh.
Summary at a Glance
- Record exports: $46.99 billion in 2022-23, 10.27% growth!
- Massive employment: Over 4 million jobs, empowering women (58% workforce).
- Global leader: 7.9% market share, second to China in EU & US exports.
- GDP engine: 9.25% contribution, fueled by innovation (AI, IoT, etc.)
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Mahedi Hasan working as an Executive in Fabric Marketing at Textile Suppliers Ltd. Graduated with B.Sc. in Textile Engineering. Before was a Top Rated content writer at Upwork, and Level 02 Seller at Fiverr, Level 02 Publisher at Ezoic. Very passionate about content writing, SEO practice, and fashion website designing. Highly Experienced fashion writer for the last 4+ years. Have extensive 7 years of experience in the wholesale clothing business.