Sri Lanka's garment exports up 18.9% in Jan-Sept 2022

12 Nov '22

2 min read

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Sri Lanka’s garment exports stood at $4215.9 million during January-September 2022 which grew by 18.9 per cent over the exports of $3,544.3 million in the same period of the previous year, as per statistics released by the Central Bank of Sri Lanka. Sri Lankan managed a 5 per cent growth in garment exports in September 2022 due to grim the economic scenario.

During the same period, textile exports from the island nation increased by 6.2 per cent year-on-year to $270.5 million. However, exports of other made-up textile articles stood at $90.7 million during January-September 2022, registering a negative growth of 3.7 per cent, according to the central bank’s report titled ‘External Sector Performance – August 2022’.

Textiles, garment, and other made-up textile articles’ exports together accounted for 57.20 per cent of all industrial exports from Sri Lanka during the period under review, the report showed.

On the other hand, imports of textiles and textile articles rose by 9.1 per cent to $2,407.2 million, while clothing and accessories imports were up by 8.4 per cent to $169.9 million during January-September 2022.

During the month of September 2022, garment and textile exports from the South Asian nation registered a growth of 5 per cent year-on-year. Category-wise, garment exports increased by 5 per cent to $442.8 million, while textile exports rose by 8.3 per cent to $29.6 million. The exports of other made-up textile articles were down by 3 per cent to $9.2 million.

Fibre2Fashion News Desk (KUL)