Bangladesh Becomes World's Second Largest Knitwear Exporter

According to statistics of Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), in 2010, Bangladesh exported 7.78 billion knitted garments, and its export volume reached 6.19 billion taka (about 85.5 million US dollars).

In terms of export volume, Bangladesh has become the world’s second largest exporter of knitwear products, surpassing Turkey. In 2010, Turkey exported 7.74 billion knitwear products.

China is still the world's largest exporter of knitwear, accounting for 50% of the world's knitwear market, both in terms of export volume and export volume.

Despite seeing Bangladesh as a competitor in the clothing market, Turkey has also become an important export market for Bangladeshi garments. As a result, Turkey began to accelerate protection measures. For example, the Turkish team imported clothes imported from Bangladesh and used 27% tariffs. .

The Bangladesh Knitwear Manufacturers & Exporters Association firmly believes in the potential of the national garment industry. If Bangladesh's apparel exports can grow at a rate of 40% this year, it will defeat Turkey and become the second largest garment exporter in the world next year.

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