Bangladesh has been working to improve its attractiveness in the global apparel-sourcing market. During the period 2015-2021, apparel exports from Bangladesh increased substantially, from $30.3 billion in 2015 to $42.0 billion in 2021—a compound annual growth rate of 3 per cent. This makes the country the world’s second-largest exporter of apparel, with an increase in its share of
global apparel exports from 7 to 9 per cent.
Bangladesh will be promoted from the least developed country (LDC) category in 2026 and will need to conform to compliance requirements in the ready-made garment sector to retain its competitiveness in the global textile market. Achieving a better status in environmental and social sustainability will also help Bangladesh to gain a better bargaining position over pricing,
reach the BGEA export target of 50 billion dollars for apparel products, and eventually turn it into 100 billion dollars annually by 2030.