Home / Knowledge / News / Textiles / Sri Lanka's textile & garment exports jump in April'14
Sri Lanka's textile & garment exports jump in April'14
21
Jun '14
Sri Lanka’s earnings from exports of textiles and garments jumped by 22.5 percent to US$ 336.8 million in April 2014, compared to earnings of $275 million recorded in same month last year, according to a press release on ‘External Sector Performance – April 2014’ issued by the Economics Research Department of the Central Bank of Sri Lanka.
 
“During the month, earnings from export of garments to the EU and to the USA increased by 22.3 percent and 21.2 percent, respectively, while a notable increase of 50.5 percent was observed in export of garments to non-traditional markets such as China, Hong Kong, Japan and Russia reflecting further diversification of export markets,” the press release said.
 
In April 2014, Sri Lanka’s textile and textile article imports increased by 16.6 percent year-on-year to $179.8 million. This included a significant increase in clothing and accessories imports by 72.7 percent to $22 million, according to the statement.
 
In January-April 2014, Sri Lanka’s textiles and garments exports surged 20.9 percent to $1.601 billion, as against exports of $1.325 billion made during the corresponding period of last year.
 
On the other hand, imports of textiles and textile articles increased by 8.9 percent to $708 million during the four-month period, compared to imports worth $650.4 million made during the same period last year.
 
In 2013, Sri Lanka’s earnings from textile and garment exports grew by 13 percent year-on-year to $4.508 billion, while its value of imports declined by 9.7 percent year-on-year to $2.045 billion.
 
Sri Lankan President Mahinda Rajapaksa has set an ambitious target of achieving apparel export target of $10 billion by 2016.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 27th Jul 2017

Global yarn production improved 30% q-o-q in Q1: ITMF

In the first quarter of 2017, global yarn production rose by almost...

Courtesy: Messe Frankfurt

Textiles | On 27th Jul 2017

Intertextile Shanghai to see buyers from 100 countries

Suppliers from over 25 countries and trade buyers from around 100...

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Mohammad Hassan
Biax Fiberfilm

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Larry L Kinn
Suominen Corporation

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Judy Frater
Somaiya Kala Vidya

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X