Bangladesh is a South Asian nation on the Bay of Bengal that shares borders with Myanmar to the southeast and India on three sides. Its capital and largest city, Dhaka, is the country's political and economic center. Bangladesh's GDP is expected to reach over USD 460 billion in 2024. Bangladesh is the 52nd largest exporter in the world, based on the most recent global trade data. The largest importer of Bangladeshi commodities is the United States. As per Bangladesh export data, it is anticipated that Bangladesh's overall export value would be close to USD 61.8 billion in 2024. Bangladesh's top export is still ready-made garments (RMG), particularly knit and woven clothing.
Despite being a developing country, Bangladesh has built a strong reputation in global textile markets. The country benefits from a cost-effective labor force, favorable trade agreements, and government-backed export promotion policies. With improvements in port infrastructure, export financing, and supply chain reliability, Bangladesh continues to increase its export volumes year by year, especially in the garments and textile sector.