Home / Knowledge / News / Apparel/Garments / Clothing sector exports down for second month in row
Clothing sector exports down for second month in row
24
Aug '09
Shipments from the biggest export revenue generator; clothing, from the island country of Sri Lanka has slipped for the second month in a row in the month of June 2009 by 5.6 percent, year-on-years.

This negative growth is though lower than that recorded in the month of May which witnessed exports dipping by an awesome 21.6 percent when corresponded with the same month of 2008.

Exports of apparel fell from US $252.6 million in June 2008 to $237.8 million in June 2009. This is more due to exports to US dipping by 21.6 percent, though shipments to the EU grew by 10.8 percent.

The export oriented garment sector had recorded a positive growth of 8.8 percent, but the dismal performance in the second quarter, led the growth to fall to 2.4 percent in the first half of 2009, when compared with same period of 2008.

Experts, however, opine that exports from the sector will pick up from the fourth quarter onwards, in time for the goods to hit the retailer's shelves in time for the spring 2010 season.

The Sri Lankan apparel sector is witnessing a consolidation of sorts, with the weaker ones being taken over by the big garment units and the ones which cannot be revived closing down for good.

The sector is also recording the highest number of job redundancies in recent history and the lay-off rate, according to experts is as high as rate 5 percent per month, due to a large number of factories shutting down.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 23rd Feb 2017

NAFTA renegotiation puts Mexico-US jeans trade at risk

The almost imminent renegotiation of the North America Free Trade...

Rick Helfenbein (left), president and CEO of AAFA, with Juan Estrada, chief of party, Hub; Courtesy: Hub

Apparel/Garments | On 23rd Feb 2017

AAFA inks agreement for best manufacturing in East Africa

The American Apparel & Footwear Association (AAFA) has entered into a ...

Mango vice-chairman and member of the board of directors Daniel Lopez (L) with Ananth Narayanan, CEO, Myntra & Jabong. Courtesy: Myntra

Apparel/Garments | On 23rd Feb 2017

Mango awards distribution & management rights to Myntra

Mango, the Spanish fast fashion brand, has awarded its master...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Jay Ramrakhiani
Occasions Elegance Wear

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search