Bangladesh Garment Exports Reach Record High in 2024
RMG sector achieves $45 billion in annual exports, marking 18% growth
Dr. Fatima Rahman
Industry Analyst & Textile Expert
Historic Achievement for RMG Sector
Bangladesh's ready-made garment (RMG) sector has achieved unprecedented success in 2024, with total exports reaching $45 billion, representing an 18% increase from the previous year. This milestone solidifies Bangladesh's position as the world's second-largest apparel exporter.
Key Growth Drivers
Several factors contributed to this remarkable growth:
- Increased demand from European and North American markets
- Diversification into higher-value products
- Improved compliance and factory standards
- Competitive pricing and lead times
Industry Response
BGMEA President Faruque Hassan stated, "This achievement is a testament to the resilience and adaptability of our industry. We've overcome numerous challenges and emerged stronger."
Future Outlook
Industry experts project continued growth, with expectations to reach $50 billion in exports by 2026. However, challenges such as sustainability requirements and automation needs must be addressed.
