Bangladesh Increases Market Share in Worldwide RMG trade

Data from the World Trade Organization (WTO) released on Monday show that Bangladesh raised its share of the global garment trade in 2022 and retained its position as the second-largest exporter of clothes.

In 2022, Bangladesh's share of the world clothing trade rose from 6.40 to 7.90 percent.

China remains the world's largest exporter of garments with a market share of 31.7%.

Vietnam ranked third among apparel exporters in 2022, according to the WTO's World Trade Statistical Review 2023, with a market share of 6.1 percent.

Bangladesh exported garment products worth $45 billion in 2022, the research said.

Data from the WTO shows that in 2022, China exported apparel worth $182 billion while Vietnam sold items worth $35 billion.