Home / Knowledge / News / Textiles / Sri Lanka's textile & apparel exports grow 8.8% in Feb' 13
Sri Lanka's textile & apparel exports grow 8.8% in Feb' 13
08
May '13
Sri Lanka’s earnings from export of garments and textiles have increased by 8.8 percent in February 2013, over last year’s figures, stated the Central Bank of Sri Lanka.
 
According to the bank’s report, the export of garments and textiles increased from US$ 341.5 million in February 2012 to US$ 371.6 million in February 2013.
 
However, during January-February 2013, Sri Lanka’s textile and apparel exports declined by 0.4 percent to US$ 705.5 million, as against exports of US$ 708 million made during the corresponding period of previous year.
 
The Sri Lankan textile sector contributes around 40 percent to the country’s total exports. 
 
Although Sri Lanka’s overall expenditure on imports declined by 9.3 percent year-on-year to US$ 1.433 billion, the expenditure on imports of intermediate goods, including textiles and clothing, has increased. 
 
There is an increase of 18.3 percent or US$ 163 million in imports of textiles and garments in February 2013, as per the External Sector Performance report by the bank.
 
The rise in textile imports indicate that there would be a similar increase in clothing exports from Sri Lanka in near future, as most of the imported fabric would be used to stitch garments for exports.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Ashok Desai
Bombay Textile Research Association

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into 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


June 2018

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

news category


Related Categories:

Advanced Search