Bangladesh widens market share in global RMG trade

Bangladesh gained a higher share of global garment trade in 2022 and retained its second position among apparel-exporting nations, according to data released by the World Trade Organisation (WTO) on Monday.

Bangladesh's share in garment trade rose to 7.90 percent in 2022 from 6.40 percent the previous year.

China continued to remain the largest exporter of garments in the global market with a 31.7 percent market share.

Vietnam was the third-largest apparel exporter in 2022, grabbing 6.1 percent market share, the WTO said in its World Trade Statistical Review 2023.

Bangladesh exported garment items worth $45 billion in 2022, the data showed.

China exported apparel worth $182 billion and Vietnam shipped products amounting to $35 billion in 2022, according to WTO data.