Sri Lanka's fabric imports drop in May, impact of economic crisis

Sri Lanka’s fabric import dropped from $233.85 million in January 2022 to $183.21 million in May 2022, according to Fibre2Fashion’s market insight tool TexPro.

China, India, and Taiwan were the top three fabric suppliers for the country during the first five months of this year. China’s export volume to Sri Lanka dropped from $95.04 million in January 2022 to $67.15 million in May. Likewise, India’s export volume decreased from $58.10 million in January to $46.57 million in May 2022, and Taiwan’s from $26.20 million to $14.85 million, as per TexPro.

Fibre2Fashion News Desk (KUL)