The global knitting industry is growing at a fast rate as the popularity of knitting has grown tremendously in recent years. The increased versatility of techniques, the adaptability of many new man-made fibers and the rising in consumer demand for the greatly expanding areas of sportswear, other casual wear is driving the growth. Bangladesh knit sector is one of the largest knit garments manufacturing industry in the world considering both capabilities and competitiveness. The sector is producing top quality knit garments at the lowest cost. Bangladesh has been a heaven for producing knit garments for global brands who are always getting the best deal here, taking out the best quality out of the lowest possible money.

There are a total of 4560 garments factories in Bangladesh exporting apparel products in the global market, of them about 2500 are knit garment factories. With almost all major retailers, Bangladesh has a significant market share in cotton & cotton-rich knit products for the last 16 years. World’s leading brands are sourcing knit garments from Bangladesh like H&M, Walmart, C&A, Zara etc. Bangladesh exports numerous popular knit items to the global market. Recently Bangladeshi knit manufacturers have concentrated on making value-added items to sustain strongly in the global arena. In 2018 (calendar year), Bangladesh knit sector saw great growth. Economists and business leaders opined that calmness in the country’s political arena, the US-China trade war, and improvement in safety conditions in the ready-made garment factories were main reasons behind the increase of knit export. Bangladesh exports knit items to almost 50 countries where the European Union (EU) and the USA are the main destinations. According to BGMEA data, in 2018, Bangladesh knit sector exports 11.61 billion USD in EU and 1.43 billion USD in the USA. In the non-traditional market, knit sector exports 2.72 million USD.