Home / Knowledge / News / Textiles / Textiles & garments lead Sri Lankan export growth in Sept
Textiles & garments lead Sri Lankan export growth in Sept
10
Nov '14
Textiles and garments made the largest contribution to the Sri Lankan export growth in September 2014, according to a press release on ‘External Sector Performance – September 2014’ issued by the Economics Research Department of the Central Bank of Sri Lanka.
 
“Export earnings of textiles and garments grew by 4.4 percent in September 2014 supported by a substantial improvement in exports of outerwear,” the release said.
 
According to the data, textiles and apparel exports from Sri Lanka fetched US$ 403.8 million in September 2014, compared to earnings of $386.9 million in the corresponding month of last year.
 
Textiles and garments contributed over 60 percent to Sri Lanka’s total industrial export earnings of $667.9 million in September 2014, the data showed.
 
On the other hand, the import of textile and textile articles by Sri Lanka registered a growth of 14.4 percent and was valued at $199.1 million in September 2014, as against imports of $174 million in the corresponding month last year.
 
In January-September 2014, Sri Lanka’s textile and garments exports fetched $3.658 billion, as against exports of $3.125 billion made during the corresponding period of last year, showing a surge of 17 percent. Meanwhile, imports of textiles and textile articles increased by nearly 11 percent to $1.667 billion during the nine-month period, compared to imports worth $1.502 billion 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.
 
Meanwhile, the Government of Sri Lanka has planned to establish new garment factories in resettled villages in the Northern part of the country, with an aim to provide employment opportunities for the youth. (RKS)
 

Fibre2fashion News Desk - India


Must ReadView All

Europe fights against microplastic release from textiles

Textiles | On 18th Jan 2018

Europe fights against microplastic release from textiles

The European Commission, the institution of the European Union, has...

Egypt starts building biggest textile city in Al-Sadat

Textiles | On 18th Jan 2018

Egypt starts building biggest textile city in Al-Sadat

Egypt has started construction of the biggest city for textiles and...

Vietnam targets $20 bn from export of footwear, bags

Apparel/Garments | On 18th Jan 2018

Vietnam targets $20 bn from export of footwear, bags

Vietnam targets to earn around $20 billion from the export of...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Top executives
Textile industry, India

The event should be organised every year

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Sugandha Bhardwaj

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Judy Frater
Somaiya Kala Vidya

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

January 2018

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

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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

Yes No

Active Poll

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

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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

Yes No

Active Poll

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

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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

Active Poll

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

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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