Sri Lanka's textile & garment exports up 34.5% in Jan-May '21

19 Jul '21
2 min read
Pic: Shutterstock
Pic: Shutterstock

Sri Lanka’s earnings from textiles and garments exports increased by 34.5 per cent year-on-year to $2.071 billion during the first five months of 2021, according to the statistics released by the Central Bank of Sri Lanka. Exports of textiles increased 48.7 per cent to $126.5 million, while garment exports were up 34.0 per cent to $1.890 billion.

Exports of other made-up textile articles fetched $54.5 million, registering an increase of 23.9 per cent, the central bank said in its report ‘External Sector Performance – May 2021’.

Textiles and garments exports accounted for 56.97 per cent of all industrial exports from Sri Lanka during the five-month period.

Imports of textiles and textile articles too rose by 32.0 per cent to $1.174 billion, while clothing and accessories imports fell 3.4 per cent to $90.3 million during January-May 2021.

In May 2021, Sri Lanka’s earnings from textiles and garment exports shot up by 69.2 per cent to $372.4 million, compared to exports of $220.1 million in the same month of 2020. Expenditure on textiles and textile articles soared 94.7 per cent year-on-year to $235.7 million, while clothing and accessories imports were up 88.7 per cent to $15.4 million.

In 2020, Sri Lanka's textiles and garment exports stood at $4.423 billion, registering a steep fall of 21 per cent compared to exports of $5.596 billion in the preceding year. Of this, clothing exports fetched $3.939 billion, a fall of 24.3 per cent over $5.205 billion in 2019. On the other hand, imports of textiles and textile articles decreased by 19.7 per cent to $2.335 billion.

Fibre2Fashion News Desk (RKS)

Leave your Comments

Esteemed Clients

Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
Stahl Holdings B.V.,


Advanced Search