Sri Lankan exports of apparel & textiles grew 19.3% in Jan-Aug 2022

30 Sep '22

1 min read

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Sri Lankan exports of apparel and textiles increased by 19.3 per cent to $4,082.81 million during January to August 2022 compared to the same period in 2021, as per Sri Lankan Export Development Board. However, a few categories such as clothing accessories, knitted fabrics, textile floor coverings and yarn registered a decline in exports.

According to the board, the exports of made-up clothing accessories declined by 9.8 per cent, knitted fabrics declined by 1.02 per cent, yarn decreased by 15.61 per cent and textile floor coverings reduced by 14.35 per cent. However, the other textile and garment products noticed an impressive growth in exports during the period under review.

Sri Lankan merchandise exports increased by 12.04 per cent to $8,853 million compared to the corresponding period of 2021. Apparel and textiles were among the sectors that witnessed an outstanding growth. Earnings from the merchandise exports increased by 10.24 per cent year over year (YoY) to $1,213.7 million in August 2022 as per the data released by the Sri Lanka Customs. This was mainly due to the increase in earnings from exports of apparel and textiles.

Fibre2Fashion News Desk (KUL)