Home / Knowledge / News / Textiles / Sri Lanka's textile & garment exports cross $4bn-mark
Sri Lanka's textile & garment exports cross $4bn-mark
19
Dec '14
The value of textile and garment exports made by the island nation of Sri Lanka has crossed US$ 4 billion mark this year, according to the data from the Economics Research Department of the Central Bank of Sri Lanka.
 
Till October this year, Sri Lanka earned $4.058 billion through exports of textiles and garments, registering a growth of 13.9 per cent over exports of $3.563 billion made during the corresponding period of last year, the data showed.
 
The 13.9 per cent growth rate of textile and apparel exports was greater than 9.3 per cent and 9.7 per cent growth rates witnessed by Sri Lankan industrial exports and total exports during the ten-month period.
 
Textiles and clothing accounted for 59.6 per cent of Sri Lankan industrial exports and 44.17 per cent of all exports during January-October 2014 period.
 
However, in October 2014, Sri Lanka’s export earnings of textiles and garments declined by 8.7 per cent year-on-year, mainly due to the base effect as the highest level of export earnings in 2013 was recorded during the month of October. During the month, garment exports to the EU and the US fell by 10.1 per cent and 8.4 per cent, respectively.
 
On the other hand, the import of textiles and textile articles by Sri Lanka grew by 16.7 per cent to $217.3 million in October 2014, as against imports of $186.2 million made in the same month last year.
 
During January-October 2014, Sri Lanka’s imports of textiles and textile articles increased by 11.7 per cent to $1.886 billion over imports of $1.668 billion in the corresponding period of 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. (RKS)
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Marten Alkhagen
Swerea IVF AB

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

Larry L Kinn
Suominen Corporation

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

Mohammad Hassan
Biax Fiberfilm

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

Judy Frater
Somaiya Kala Vidya

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Yash P. Kotak
Bombay Hemp Company

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

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

news category


Related Categories:
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search