Defying crisis, Sri Lanka's garment exports up 16.7% in Jan-May '22
20 Jul 22 2 min read
Sri Lankan textile exports increased by 17.9 per cent year-on-year to $149.2 million during the same period. However, exports of other made-up textile articles stood at $52.7 million during January-May 2022, registering a decline of 3.2 per cent year-on-year, according to the central bank’s report ‘External Sector Performance – May 2022’.
Textiles and garments exports accounted for 56.40 per cent of all industrial exports from Sri Lanka during the five-month period of this year, the report showed.
On the other hand, imports of textiles and textile articles rose by 19.6 per cent to $1,404.7 million, while clothing and accessories imports were up by 21.4 per cent to $109.7 million during January-May 2022.
During the month of May 2022, garment and textile exports from the South Asian nation registered a growth of 29.9 per cent year-on-year. Category-wise, garment exports increased by 30.4 per cent to $436.7 million, textile exports rose by 34.4 per cent to $37 million. Exports of other made-up textile articles were up by 1.7 per cent to $10.1 million.
Fibre2Fashion News Desk (KUL)
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