Home / Knowledge / News / Textiles / Sri Lanka's textile & garment exports surge 47% in Oct'13
Sri Lanka's textile & garment exports surge 47% in Oct'13
Dec '13
Sri Lanka’s earnings from textiles and garments exports grew by 46.8 percent year-on-year to US$ 436.4 million in October 2013, which was the highest monthly value of export of garment and textiles ever recorded, according to a Central Bank of Sri Lanka press release. 
“Exports of garments to both the EU and USA, which are Sri Lanka’s major export destinations, recorded remarkable growth rates of 53.2 percent and 43.4 percent, respectively in October 2013, reflecting the recovery in those economies as well as seasonal demand,” says the statement.
From January to October 2013, Sri Lanka’s overall textiles and apparel exports stood at US$ 3.563 billion, registering a 9 percent increase over exports worth US$ 3.269 billion made during the corresponding period of last year.
“Despite the strong growth in export of textiles and garments, there has been a steady decline in imports of textile and textile articles, reflecting improved backward linkages and higher value addition in the garment industry,” the release said.
In October 2013, Sri Lanka’s textiles and clothing imports fell by 16.9 percent year-on-year to US$ 186.2 million.
During the year through October 2013, Sri Lanka’s total textiles and apparel imports recorded US$ 1.688 billion, showing a dip of 9.6 percent, as against imports of US$ 1.868 billion made during the same 10-month period in 2012, the Central Bank data showed.
In 2012, Sri Lanka exported textiles and apparels worth US$ 3.8 billion, and the country has set a target of achieving US$ 4.1 billion in textiles and garment exports this year.
Last week, Lakshman Yapa Abeywardena, the country’s new Investment Promotion Minister, told Parliament that there are about 7,000 vacancies in the apparel sector and people with adequate skill sets are yet to be found to fill them.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Platinum Equity acquires International Textile Group

International Textile Group (ITG) has been acquired by Platinum...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Kerem Durdag
Biovation II LLC

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Tony Ward
Tony Ward

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search