Sri Lanka's garment exports up 20.8% in Jan-Aug 2022

22 Oct '22

2 min read

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Registering an impressive growth of 20.8 per cent year-on-year, garment exports from Sri Lanka stood at $3,773.1 million in January-August 2022 compared to exports of $3,122.6 million in the same period of the previous year, according to statistics released by the Central Bank of Sri Lanka.

During the same period, textile exports from the island nation increased by 5.9 per cent year-on-year to $240.9 million. However, exports of other made-up textile articles stood at $81.6 million during January-August 2022, registering a negative growth of 3.8 per cent, according to the central bank’s report ‘External Sector Performance – July 2022’.

Textiles, garment and other made-up textile articles’ exports together accounted for 56.07 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 11.9 per cent to $2,175.7 million, while clothing and accessories imports were up by 14.4 per cent to $158.6 million during January-August 2022.

During the month of August 2022, garment and textile exports from the South Asian nation registered a growth of 14.9 per cent year-on-year. Category-wise, garment exports increased by 19.8 per cent to $526.7 million, while textile exports dropped by 26.7 per cent to $31.7 million. The exports of other made-up textile articles were down by 18.7 per cent to $8.5 million.

Fibre2Fashion News Desk (KUL)