Bangladesh has cemented its position as one of the world’s leading apparel exporters, making it a prime destination for global brands seeking reliable, cost-effective, and sustainable sourcing solutions. With a robust industry infrastructure, a skilled workforce, and duty-free access to key markets, Bangladesh continues to thrive as a sourcing powerhouse for the global fashion industry.
World’s 2nd Largest Clothing Exporter
Bangladesh is the world’s second-largest clothing exporter, supplying high-quality apparel to renowned international brands and retailers. The country has earned its reputation for delivering value-driven, large-scale production while maintaining international quality standards. With exports valued at around US$ 40 billion, Bangladesh is a significant player in the global apparel market.
Integrated Supply Chain and Supported Services
What makes Bangladesh stand out is its fully integrated supply chain. From raw materials to finished products, the country’s apparel sector is equipped with all the necessary support services, ensuring seamless operations. This comprehensive infrastructure reduces lead times and enhances efficiency, enabling brands to move swiftly in a highly competitive fashion market.
Fast-Growing Economy
Bangladesh is one of the fastest-growing countries globally, with a booming economy that benefits the apparel sector. The country’s growth trajectory is supported by its expanding infrastructure, growing middle class, and strong government support for the textile and garment industry. Heading towards US$ 50 billion in apparel exports by 2021, Bangladesh is well on its way to further solidifying its place in global sourcing.
Global Market Share and Competitive Edge
Holding a 5% share of the global apparel market, Bangladesh has become a go-to destination for brands seeking both value and scale. Its extensive network of factories, skilled workforce, and competitive pricing have contributed to this market share, allowing the country to remain a top sourcing choice for international companies.
Large, Young, and Skilled Labor Force
One of Bangladesh’s key advantages is its vast workforce. With 4.9 million people directly employed in the apparel industry, the country boasts one of the largest labor pools dedicated to garment production. This workforce is relatively young, with 70% under the age of 40, providing the industry with energy, adaptability, and long-term sustainability. Coupled with over 40 years of experience in the garment industry, Bangladesh’s labor force offers a unique combination of expertise and innovation.
Duty-Free Access to Major Markets
Bangladesh enjoys duty-free access to several key markets, including the European Union, Australia, Japan, Turkey, the Czech Republic, and Canada. This advantageous trade position allows brands sourcing from Bangladesh to benefit from reduced costs and increased profitability, making it a preferred destination for cost-conscious fashion companies.
Conclusion
Bangladesh’s apparel industry has matured into a global leader, offering a unique mix of affordability, scale, and ethical production standards. As the country continues to grow its export base and enhance its industry capabilities, it remains an indispensable hub for fashion brands looking to source high-quality products while maintaining cost efficiencies. For businesses seeking a reliable, experienced, and sustainable partner, Bangladesh is the answer—backed by a powerful infrastructure and a workforce ready to meet the demands of the global market.