The garment industry in Bangladesh is a multi-billion-dollar industry with significant growth. About 4.4 million workers are employed in this industry, 80% of whom are women, the growth of this industry has a positive impact on the economy of Bangladesh. Bangladesh's garment exports amount to $32 billion annually, constituting 91% of the country's total exports. Given the crucial role of clothing in the economy, both the government and the sector are working towards maintaining its stability and competitiveness.

The garment industry has grown significantly in the last thirty years due to supportive government policies and the dynamism of private sector entrepreneurs and hardworking workers. There are now over 3000 clothing units, and their high performance and quality have allowed Bangladesh to export approximately 150 international clothing brands to over a hundred countries with the label “Made in Bangladesh” on their fabrics.

Some external factors have contributed to the industry's growth. The ongoing trade dispute between the United States and China has resulted in a decrease in Chinese mass production due to labor restrictions and higher wages, which has affected its use in the apparel industry. China is now more focused on producing products that require more silk, higher technology, and greater initial investment in equipment.

Research by the World Trade Organization in 2015 found that 86% of senior purchasing managers in top European and American companies plan to decrease their supply from China in the next 5 years due to lower profit margins and capacity constraints. They are looking to Bangladesh as their future preferred destination for purchases, as it is seen as the next hot market for apparel supply. Also, the value of the global apparel market is increasing Bangladesh's income. According to a new report, the current value of the global apparel market is $1.25 trillion and will exceed $2 trillion in 2025.

Fortunately, Bangladesh has experienced a double-digit growth since the beginning of 2018. Now holding the No. 1 ranking as the world's largest apparel exporter, it is seeking to reclaim the top spot in the world thanks to a series of government trade policies that unimaginably favor apparel manufacturers. This policy includes primary import tax exemption, bonded warehouses, back-to-back letters of credit, expedited customs clearance, and many other enforcement steps.