The line chart illustrates the cost of clothing exports from Bangladesh, measured in billion dollar, from 1988 to 2012, while the pie chart depicts this distribution of five export destinations and the corresponding value in 2012.
Overall, the total value apparel exports experienced an upward trend across 24 years. Additionally, European Union played as the predominant importer, while other regions accounted for moderate to minor proportions, indicating the disparity of the preference for Bangladesh’s exported clothing.
In terms of the value of clothing export from Bangladesh, in 1988, the figure began at around 2 billion dollars, followed by a steady increase to over 5 billion dollars after 16 years. From 2004 onwards, the value of exported clothing witnessed a remarkable growth before peaking at 20 billion dollars in 2012, surging nearly ten fold over 24 years, indicating the rapid growth in textile exporting activities.
Regarding the pie chart, EU emerged as the overwhelmingly dominant importer of Bangladesh’s apparel product, accounting for more than a half of the total (60%), which was equivalent to 11,38 bilion dollars, suggesting the preference for Bangladesh’s clothing export in European Union. USA ranked distantly second with 24% of Bangladesh’s exported clothing or represented at 4,53 billion dollars, just a third of that in EU, trailing behind Turkey with the import proportion at 8%, corresponding to 0,36 billion dollars. The proportion of clothing exported from Bangladesh in Canada was relatievly low, 3% lower than that of Turkey with the value at 0,36 billion dollars. Meanwhile, Japan and an unknown country accounted for negligible figures at 2% and 1%, which were equivalent to 0,4 and 0,87 billion dollars, respectively, emphasising the lose in favour of apparel product from Bangladesh.