Home / Knowledge / News / Textiles / Textiles & garments lead Sri Lankan export growth in Sept
Textiles & garments lead Sri Lankan export growth in Sept
10
Nov '14
Textiles and garments made the largest contribution to the Sri Lankan export growth in September 2014, according to a press release on ‘External Sector Performance – September 2014’ issued by the Economics Research Department of the Central Bank of Sri Lanka.
 
“Export earnings of textiles and garments grew by 4.4 percent in September 2014 supported by a substantial improvement in exports of outerwear,” the release said.
 
According to the data, textiles and apparel exports from Sri Lanka fetched US$ 403.8 million in September 2014, compared to earnings of $386.9 million in the corresponding month of last year.
 
Textiles and garments contributed over 60 percent to Sri Lanka’s total industrial export earnings of $667.9 million in September 2014, the data showed.
 
On the other hand, the import of textile and textile articles by Sri Lanka registered a growth of 14.4 percent and was valued at $199.1 million in September 2014, as against imports of $174 million in the corresponding month last year.
 
In January-September 2014, Sri Lanka’s textile and garments exports fetched $3.658 billion, as against exports of $3.125 billion made during the corresponding period of last year, showing a surge of 17 percent. Meanwhile, imports of textiles and textile articles increased by nearly 11 percent to $1.667 billion during the nine-month period, compared to imports worth $1.502 billion made during the same period last year.
 
In 2013, Sri Lanka’s earnings from textile and garment exports grew by 13 percent year-on-year to $4.508 billion, while its value of imports declined by 9.7 percent year-on-year to $2.045 billion.
 
Meanwhile, the Government of Sri Lanka has planned to establish new garment factories in resettled villages in the Northern part of the country, with an aim to provide employment opportunities for the youth. (RKS)
 

Fibre2fashion News Desk - India


Must ReadView All

Plan under way to revive Egypt's state-run textile firms

Textiles | On 20th Oct 2018

Plan under way to revive Egypt's state-run textile firms

Egyptian minister for the public enterprise sector Hisham Tawfiq...

Myanmar asks garment units to set up skill testing centres

Apparel/Garments | On 20th Oct 2018

Myanmar asks garment units to set up skill testing centres

Myanmar’s ministry of labour, immigration and population has asked...

Results of Cameroon transgenic cotton trials by 2018 end

Textiles | On 20th Oct 2018

Results of Cameroon transgenic cotton trials by 2018 end

Cameroon’s national cotton development company Sodecoton will...

Interviews View All

Karan Toshniwal, Orange O Tec

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Riddhika Shah, SS Homme

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Dharmendra Shah, Ozone PB Spintex Limited

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Liz Manning,

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Suresh P Bagrecha,

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Kalai Selvi,

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eric Scholler, Groz-Beckert

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Justin Gutierrez, INDA

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search