Garment exports from Sri Lanka stood at $1360.6 million in January-March 2022 registering an increase of 11.6 per cent over exports of $1,219.1 million in the same period of previous year, according to the statistics released by the Central Bank of Sri Lanka. Textile exports increased by 7.1 per cent year-on-year to $84 million during the same period.
However, exports of other made-up textile articles stood at $32.4 million during January-March 2022, registering a decline of 10 per cent year-on-year, according to the central bank’s report ‘External Sector Performance – March 2022’.
Garment exports from Sri Lanka stood at $1360.6 million in January-March 2022 registering an increase of 11.6 per cent over exports of $1,219.1 million in the same period of previous year, according to the statistics released by the Central Bank of Sri Lanka. Textile exports increased by 7.1 per cent year-on-year to $84 million during the same period.
Textiles and garments exports accounted for 56.22 per cent of all industrial exports from Sri Lanka during the three -month period, the report showed.
Imports of textiles and textile articles rose by 24 per cent to $880.5 million, while clothing and accessories imports were up by 29.2 per cent to $72 million during January-March 2022.
During the month of March 2022, Garments export slipped 0.1 per cent to $424.9 million. Exports of textiles declined 7.8 per cent to $28.5 million from same period of last year. While exports of other made-up textile articles lowered 0.2 per cent to $11 million in the same period.
Fibre2Fashion News Desk (KUL)
