Home / Knowledge / News / Textiles / Sri Lanka's textile & garment exports jump in April'14
Sri Lanka's textile & garment exports jump in April'14
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 24th Oct 2016

Indian govt plans roadshows to promote textile exports

The Indian government has planned to conduct roadshows to boost the...

Textiles | On 24th Oct 2016

TPP may hit roadblock

The 12-member Trans-Pacific Partnership (TPP) that was signed earlier ...

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Karel Williams
Dow Microbial Control

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

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Johan Berlin
InvestKonsult Sweden AB

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

Larry L Kinn
Suominen Corporation

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

Ritu Kumar
Label Ritu Kumar

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Pranav Mishra

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

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