Exporters of Tailor Made Garments and Stocklots

World Trade Organization Data: Bangladesh ranked 4th in Global Apparel exports 2007

According to the World Trade Organization (WTO), Bangladesh ranked fourth, in terms of value of global apparel exports after China, EU-27 countries and Turkey, respectively. The report was prepared from data of 2007 of the respective countries.

However, Bangladesh became the largest exporter to the EU in 2009 and was one of only two countries to register a growth in exports despite a global recession. The only other country to register a growth in exports was the UAE, for exports of hydrocarbons.

Further, with massive wage hikes in China and upward adjustment of their currency, presently Bangladesh is proudly the most important place in the world for apparel sourcing, after China. New export destinations are also emerging as China moves towards the high end of the market. Turkey, in third place, are resorting to protectionist measures to try and curve a flood of overseas garments in their own territory.

According to a BGMEA data, Bangladesh stood second in the global market for knitwear exports last year, after China and was the largest exporter of cotton T shirts. Bangladesh also became the second largest exporter of cotton sweaters and denim garment exports to the EU.

The BGMEA data also suggested that Bangladesh exported 127.14 million dozens of woven garments and 206.20 million dozens of knitwear during the July-March period of fiscal 2009-10. In addition Bangladesh exported terry towels, knitted fabrics, textile fabrics and home textiles.

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