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  • Statistical Analysis On Bangladesh RMG Export

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    The ready-made garments industry is one among the globalized industries of the world. However the Ready-Made Garments (RMG) sector has emerged as the biggest earner of foreign currency. The RMG sector has experienced an exponential growth since the 1980s. Worldwide, this sector contributes significantly to the GDP. 1950 was the beginning of RMG in the Western world. The MFA (multi fiber agreement) which was made in 1974 imposed an export rate 6 percent increase every year from a developing country to a developed country. China is one of the leading ready-made garment exporting country. In the early 1980s Bangladesh started receiving investment in the RMG sector. Some Bangladeshis received free training from the Korean Company Daewoo. In the 1980s, there were only 50 factories employing only a few thousand people. Currently, there are 4490 manufacturing units. The RMG sector contributes around 76 percent to the total export earnings. This sector also contributes around 13 percent to the GDP, which was only around 3percent in 1991.

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    Statistical Analysis on Bangladesh RMG Export

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    The ready-made garments industry is one among the globalized industries of the world. However the Ready-Made Garments (RMG) sector has emerged as the biggest earner of foreign currency. The RMG sector has experienced an exponential growth since the 1980s. Worldwide, this sector contributes significantly to the GDP. 1950 was the beginning of RMG in the Western world. The MFA (multi fiber agreement) which was made in 1974 imposed an export rate 6 percent increase every year from a developing country to a developed country. China is one of the leading ready-made garment exporting country. In the early 1980s Bangladesh started receiving investment in the RMG sector. Some Bangladeshis received free training from the Korean Company Daewoo. In the 1980s, there were only 50 factories employing only a few thousand people. Currently, there are 4490 manufacturing units. The RMG sector contributes around 76 percent to the total export earnings. This sector also contributes around 13 percent to the GDP, which was only around 3percent in 1991.

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    79 views11 pages

    Statistical Analysis On Bangladesh RMG Export

    Uploaded by

    kaminey420
    The ready-made garments industry is one among the globalized industries of the world. However the Ready-Made Garments (RMG) sector has emerged as the biggest earner of foreign currency. The RMG sector has experienced an exponential growth since the 1980s. Worldwide, this sector contributes significantly to the GDP. 1950 was the beginning of RMG in the Western world. The MFA (multi fiber agreement) which was made in 1974 imposed an export rate 6 percent increase every year from a developing country to a developed country. China is one of the leading ready-made garment exporting country. In the early 1980s Bangladesh started receiving investment in the RMG sector. Some Bangladeshis received free training from the Korean Company Daewoo. In the 1980s, there were only 50 factories employing only a few thousand people. Currently, there are 4490 manufacturing units. The RMG sector contributes around 76 percent to the total export earnings. This sector also contributes around 13 percent to the GDP, which was only around 3percent in 1991.

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    of 11

    Bangladesh RMG

    Export Analysis
    Introduction to RMG Sector
     It started from the Mughal age in the Indian subcontinent through
    Dhaka Muslin & Jamdani.
     By 1985, Bangladesh emerged as a strong apparel supplier and
    became a powerful competitor for traditional suppliers in the US,
    Canadian and European markets.
     WTO article paid an advantage to the development of RMG Sector in
    Bangladesh.

     Some Bangladeshis also received free training from Korean Daewoo


    Company and started their own factories.
    Emergence of Workforce &
    Present Scenario
     More than 5,000 RMG units in the country.
     BD RMG sector hold 2nd position in the
    world after China.
     More than 80% of workforce have female
    workers, who contributes about 83.49% to
    BD RMG’s total export of $36.66 Billion till
    date.
     Geographical location not favourable for
    emerging Asian Market.
    Export Earnings of Bangladesh
    Export of RMG Total Export of Bangladesh % age of RMG in Total
    Year
    (In MN US$) (In MN US$) Export
    2000-01 4859.83 6467.3 75.14
    2001-02 4583.75 5986.09 76.57
    2002-03 4912.09 6548.44 75.01
    2003-04 5686.09 7602.99 74.79
    2004-05 6417.67 8654.52 74.15
    2005-06 7900.8 10526.16 75.06
    2006-07 9211.23 12177.86 75.64
    2007-08 10699.8 14110.8 75.83
    2008-09 12347.77 15565.19 79.33
    2009-10 12496.72 16204.65 77.12
    2010-11 17914.46 22924.38 78.15
    2011-12 19089.73 24301.9 78.55
    2012-13 21515.73 27027.36 79.61
    2013-14 24491.88 30186.62 81.13
    2014-15 25491.4 31208.94 81.68
    2015-16 28094.16 34257.18 82.01
    2016-17 28149.84 34655.9 81.23
    2017-18 30614.76 36668.17 83.49
    Major apparel exporters in
    the world
    Bangladesh’s share of the global apparel
    market (in percent, Source: WTO)
    Country wise global market share
    Threats Opportunities

     - Financial crisis  - Cheap Labor cost


     - Withdrawal of GSP  - Good reputation for quality products
     - China Reduce RMG Price  - Price Competitiveness
     - Energy Crisis  - More option for new employment
     - Lack of transport facility  - Quota and duty free access
     - High bank interest rate  - Export development fund
     - LDC facility gone
    Thank you.

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