Bangladesh textile sector actually grew tremendously
after 2004 and reached an export turnover of US$10.7 billion in FY 2007.
Bangladesh's export trade is dominated by the RMG industry. The sector
currently employs 2.5 million people—about 40% of total manufacturing (85% of
these employees are women)—and accounts for 76% of the country's export
earnings and 10% of its GDP.
Bangladesh was the sixth largest exporter of apparel in
the world after china, the EU, Hong Kong, Turkey and India in 2006.[citation
needed] In 2006 Bangladesh's share in the world apparel exports was 2.8%. The US
was the largest single market with US$3.23 billion in exports, a 30% share in
2007.
Today, the US remains the largest market for Bangladesh's woven garments taking US$2.42 billion, a 47% share of Bangladesh's total woven exports. The European Union remains the largest regional destination - Bangladesh exported US$5.36 billion in apparel; 50% of their total apparel exports. The EU took a 61% share of Bangladeshi knitwear with US$3.36 billion exports.
Currently Bangladesh is now second largest ready made garments manufacturer after China, by the next five years Bangladesh will become largest ready made garments manufacturer.
Today, the US remains the largest market for Bangladesh's woven garments taking US$2.42 billion, a 47% share of Bangladesh's total woven exports. The European Union remains the largest regional destination - Bangladesh exported US$5.36 billion in apparel; 50% of their total apparel exports. The EU took a 61% share of Bangladeshi knitwear with US$3.36 billion exports.
Currently Bangladesh is now second largest ready made garments manufacturer after China, by the next five years Bangladesh will become largest ready made garments manufacturer.
Ready made garments industries in Bangladesh. It's the only sector where many women are working and earn their livelihood. Most of the foreign currency are earned by this sector. Government should come forward to develop this sector. Besides this none government organization also should come forward to this sector.
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