Knitwear Export to Major Markets

Bangladesh RMG sector has successfully passed some critical tests and is now sailing with two masts: knit and woven. The sub-sectors are now in healthy competition among themselves to take the role of leadership within the country. In FY 2003-04, knitwear for the first time exceeded woven wear and became the leader in terms of both quantity exported and value with 91.6 million dozens and 2148.02 million USD. Knitwear is still leading in terms of quantity exported and is widening the gap day by day. Export quantity of knitwear items.

Increased to 292.70 million dozens this is 219% higher than the year 2003-04 to 2009-10.

Comparison of Export Quantity

Bangladesh knitwear is performing a well increase in terms of quantity which is a clear indication of increase of capacity in this sector. In the year 2009-10, the contribution of Woven wear to the export earning was 37.11% and in Knitwear was 40.01%.

Contribution in National Export Share

In the current year, the performance of both the sectors is as follows:

• Knitwear Export US$ 6,483.29 million FY 2009-10 (July -June)
• Woven Export US$ 6,013.43 million FY 2009-10 (July -June)

Therefore the contribution of knitwear in national export increase is 43%

The tremendous success of readymade garment exports from Bangladesh over the last two decades has surpassed the most optimistic expectations.  Today the apparel export sector is a multi-billion-dollar manufacturing and export industry in the country. The overall impact of the readymade garment exports is certainly one of the most significant social and economic developments in contemporary Bangladesh. With over one and a half million women workers employed in semi-skilled and skilled jobs producing clothing for exports, the development of the apparel export industry has had far-reaching implications for the society and economy of Bangladesh.