Bangladesh RMG export to India jumps a massive 58.54% in 2021
Bangladesh has become the preferred sourcing destination for Indian buyers, beating China in 2021. As per Ministry of Commerce and Industry India data, Bangladesh exported readymade garments (RMG) worth $474.71 million in India– the highest amongst all apparel import destinations – registering a gigantic 58.54% increase in 2021 over 2020.
In 2021, India imported $1.15 billion worth of RMG 2021, noting a 30% Y-o-Y growth. The data also revealed that among the import – knitwear garment import was $556.89 million. Witnessing a 47.61% growth, while the woven garments import was $600.50 million, increasing by 17.13%.
Among the other top apparel exporting countries, China exported $279.18 million worth of apparel to India in 2021, declining by 7.48% year-on-year basis.
Spain was the third-highest RMG importing destination from where India imported $103.31 million worth of garments in 2021, observing a 50.40% Y-o-Y surge on a Y-o-Y basis.
