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 5th Dec 2016

EC proposes new tax rules to support e-commerce in EU

The European Commission (EC) has unveiled a series of measures to...

Apparel/Garments | On 5th Dec 2016

Traders to intensify adoption of digital payments

Adoption of digital payments in their existing business format would...

Textiles | On 5th Dec 2016

No restriction on cotton import via Karachi port: Dastgir

The government has not imposed any restriction on import of Indian...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Urs Stalder
Sanitized AG

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search