Home / Knowledge / News / Apparel/Garments / Sri Lankan apparel exports to US swell in Jan-Sept
Sri Lankan apparel exports to US swell in Jan-Sept
21
Nov '12
Registering a year-on-year rise of six percent, Sri Lanka exported apparels worth US$ 537 million to the US during the first quarter of the current year, a report by the Ceylon Chamber of Commerce noted.
 
However, Sri Lanka’s overall garment export earnings for the period dipped 4.3 percent year-on-year, mainly on account of waning demand from the European Union, which accounts for 50 percent of the island nation’s overall clothing exports, the report said.
 
Nearly 40 percent of Sri Lankan overall apparel exports are destined to the US. These exports are mainly classified in two categories - Harmonized System of Classification (HS), known as HS Chapter 61 and HS Chapter 62.
 
While HS Chapter 61 consists of apparel and clothing items and accessories - knitted or crocheted, HS Chapter 62 covers non-knitted or non-crocheted apparel and clothing items and accessories.
 
During the period under review, US imports under HS Chapter 61 declined by three percent year-on-year, while those under HS Chapter 62 plummeted by two percent y-o-y. However, Sri Lanka’s exports under HS Chapter 61 and HS Chapter 62 increased by six percent y-o-y and two percent y-o-y, respectively.
 
While most of the leading 15 apparel suppliers, including India and Pakistan, experienced a fall in export earnings from the US during January to September, Sri Lanka was one of the four countries that registered positive export growth alongside Vietnam, El Salvador and Jordan.
 
Apparel exports from India and Pakistan to the US fell by 18 percent y-o-y and 22 percent y-o-y, respectively, during the nine-month period.
 
Vietnam’s apparel exports to the US grew by eight percent y-o-y to US$ 3.1 billion during the review period.
 
China, however, continued to be the leading garment supplier to the US by exporting goods worth US$ 10.9 billion.
 

Fibre2fashion News Desk - India


Must ReadView All

GST Council allows ITC refund to fabrics

Textiles | On 23rd Jul 2018

GST Council allows ITC refund to fabrics

The Goods and Services Tax (GST) Council at its 28th meeting held...

GST slashed on Chenille fabrics, knitted cap to 5%

Textiles | On 23rd Jul 2018

GST slashed on Chenille fabrics, knitted cap to 5%

The Goods and Services Tax (GST) on Chenille fabrics and other...

Courtesy: Pixabay

Textiles | On 23rd Jul 2018

Pakistan's textile exports up 8.67% in 2017-18

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search