Sweaters Export of Bangladesh: The Trade Analysis of 2024

Sweaters, basically a kind of knitted tops made of wool-coated acrylics, cashmere, or blends, are a topmost preference of the globally needed traders because of the wide access. The specialized production regions, along with the material availability and the brand-driven trade, have maintained the continuity of the global trade regulations. Bangladesh Import Data says, the country in South Asia bordered by India and Myanmar to the East and Southeast, has gradually emerged as a substantial contributor to the worldwide trade market of sweaters.

The large RMG export base, along with the specialization of the country in knitwear production and economies of scale, has facilitated the overall export. Due to the large low-cost labour pool and the competitive labour productivity, the export valuation of sweaters from Bangladesh has resulted in a total export trade valuation of 6 billion US dollars in 2024. The growing domestic textile mills, along with the availability of trims and accessories like zips and buttons, facilitate the global trade supply. Subscribe to Import Globals, the leading Bangladesh importexport trade provider, to stay updated with the latest information regarding the sweaters export of the nation via the Bangladesh trade data.

GOVERNMENT INITIATIVES SUPPORTING THE SWEATER EXPORT OF BANGLADESH IN 2024

The cash-exempt export subsidy for RMG knitwear and sweaters has helped the exporters improve their costs while maintaining competitiveness in an international manner. The duty-free import-bounded warehouse has reduced the production costs, simultaneously increasing the productivity rate to promote competitiveness.

The reduced corporate tax benefit for export-oriented garment factories has incentivized investment in the garment manufacturing capacity of the nation. The special support for SMEs and incentives for new markets have encouraged the smaller or newer firms to promote export diversification.

THE LEADING VARIANTS OF SWEATERS EXPORTED FROM BANGLADESH IN 2024

Bangladesh, due to private investment and industry resilience, has led to a diversity in the global trade output. According to the Bangladesh Export Data, the top leading variants of sweaters exported from the nation in 2024 are,

  • Pullovers — The annual valuation of Pullovers exported from Bangladesh in 2024–2.27 billion US dollars
  • Cardigans — The annual valuation of Cardigans exported from Bangladesh in 2024–984 million US dollars
  • Vests / Waistcoats– The annual valuation of Vests / Waistcoats exported from Bangladesh in 2024–826 million US dollars
  • Turtleneck sweaters — The annual valuation of Turtleneck sweaters exported from Bangladesh in 2024–768 million US dollars
  • Hoodies — The annual valuation of Hoodies exported from Bangladesh in 2024–642 million US dollars
  • Knit coats / Overcoats– The annual valuation of Knit coats / Overcoats exported from Bangladesh in 2024–543 million US dollars
  • Children’s sweaters– The annual valuation of Children’s sweaters exported from Bangladesh in 2024–372 million US dollars
  • Women’s sweaters — The annual valuation of Women’s sweaters exported from Bangladesh in 2024–289 million US dollars
  • Men’s sweaters– The annual valuation of Men’s sweaters exported from Bangladesh in 2024 –221 million US dollars
  • Mixed-fiber / Synthetic-fiber sweaters– The annual valuation of Mixed-fiber / Synthetic-fiber sweaters exported from Bangladesh in 2024–168 million US dollars

TOP 10 EXPORT TRADE PARTNERS OF BANGLADESH IN 2024

The established export routes and the enhancement of the transparency in supply chains have maintained integrity with the globally leading investors. According to the Bangladesh Customs Data, the top 10 export trade partners of the nation for sweaters exported in 2024 are,

  • United States — The total valuation of sweaters exported from Bangladesh to the United States in 2024–2 billion US dollars

Top 5 variants of sweaters exported

· Wool sweater

· Merino wool sweater

· Alpaca sweater

· Cotton sweater

· Linen-blend sweater

  • Germany — The total valuation of sweaters exported from Bangladesh to Germany in 2024–991 million US dollars

Top 5 variants of sweaters exported

· Crochet-style sweater

· Fuzzy sweater

· Fleece knit sweater

· Mohair sweater

· Cashmere sweater

  • United Kingdom– The total valuation of sweaters exported from Bangladesh to United Kingdom in 2024–854 million US dollars

Top 5 variants of sweaters exported

· Nordic sweater

· Jacquard-pattern sweater

· Argyle sweater

· Intarsia-knit sweater

· Pointelle sweater

  • Spain — The total valuation of sweaters exported from Bangladesh to Spain in 2024–729 million US dollars

Top 5 variants of sweaters exported

· Basket-weave sweater

· Jersey-knit sweater

· Milano-knit sweater

· Bouclé-knit sweater

· Fair-isle sweater

  • France — The total valuation of sweaters exported from Bangladesh to France in 2024–678 million US dollars

Top 5 variants of sweaters exported

· Aran sweater

· Rib-knit sweater

· Seed-stitch sweater

· Moss-stitch sweater

· Waffle-knit sweater

  • Italy — The total valuation of sweaters exported from Bangladesh to Italy in 2024–549 million US dollars

Top 5 variants of sweaters exported

· Chunky knit cardigan

· Cropped cardigan

· Oversized cardigan

· Cable-knit sweater

· Fisherman sweater

  • Canada — The total valuation of sweaters exported from Bangladesh to Canada in 2024–468 million US dollars

Top 5 variants of sweaters exported

· Full-zip sweater

· Button-up cardigan

· Open-front cardigan

· Belted cardigan

· Longline cardigan

  • India — The total valuation of sweaters exported from Bangladesh to India in 2024–325 million US dollars

Top 5 variants of sweaters exported

· Henley-neck sweater

· Polo-neck sweater

· Zip-neck sweater

· Half-zip sweater

· Quarter-zip sweater

  • Netherlands– The total valuation of sweaters exported from Bangladesh to the Netherlands in 2024–276 million US dollars

Top 5 variants of sweaters exported

· Roll-neck sweater

· Shawl-collar sweater

· Boat-neck sweater

· Scoop-neck sweater

· Square-neck sweater

  • Poland– The total valuation of sweaters exported from Bangladesh to Poland in 2024–221 million US dollars

Top 5 variants of sweaters exported

· Crew-neck sweater

· V-neck sweater

· Turtleneck sweater

· Mock-neck sweater

· Funnel-neck sweater

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