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Sri Lanka's garment exports up 2.3% to $3 bn in Jan-Aug 2024

02 Oct '24

2 min read

Sri Lanka's garment exports up 2.3% to $3 bn in Jan-Aug 2024

Insights

Sri Lanka's garment exports rose by *.* per cent to $***.** billion in Jan-Aug, while textile exports declined by *.* per cent.
Exports of other made-up textile articles rose by *.* per cent, contributing to total textile product exports of $***.** billion.
Imports of textiles and clothing saw significant growth, with textiles rising *.* per cent and clothing up *.* per cent in the same period.

From January to August ****, textile exports from Sri Lanka saw a year-on-year decline of **.* per cent, totalling $***.* million. During the same period, exports of other made-up textile articles rose by *.* per cent, amounting to $**.* million, according to the Central Bank&#**;s report titled ‘External Sector Performance – August ****’.

The combined exports of textiles, garments, and other manufactured textile articles accounted for **.** per cent of all industrial exports from Sri Lanka during the reviewed period. Total textile product exports amounted to $*,***.* million between January and August ****, while Sri Lanka&#**;s overall industrial exports were valued at $*,***.* million for the same period.