Sri Lanka’s textiles & garment exports soar 15% in June’13
August 22, 2013 - Sri Lanka
Textiles and garment exports from the island nation of Sri Lanka increased by nearly 15 percent year-on-year in June 2013, official data showed.
In June 2013, Sri Lanka exported textiles and apparel worth US$ 356.9 million, compared to US$ 310.6 million worth of exports made during the same month last year, registering a rise of 14.9 percent, according to data released by the Central Bank.
Sri Lanka’s garment exports to the US increased by 24.8 percent year-on-year during the month under review, while clothing exports to the EU increased by 6.7 percent year-on-year.
From January to June 2013, Sri Lanka’s textiles and garment exports stood at US$ 2 billion, showing a marginal rise of 0.9 percent year-on-year over exports of US$ 1.982 billion made during the corresponding period of last year.
In 2012, Sri Lanka exported textiles and apparels worth US$ 3.8 billion, and the country has set a target of achieving US$ 4.1 billion in textiles and garment exports this year.