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Sri Lanka's apparel exports to Italy up despite global industry slump

05 Apr '24
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • In 2023, Italy emerged as Europe's top and world's 2nd largest buyer of Sri Lankan apparel, with exports to Italy rising by ****.** per cent to $*****.*** million.
  • This growth occurred despite a global downturn in apparel exports.
  • Notably, exports to US fell by ** per cent.
  • By January 2024, Italy accounted for **.** per cent of Sri Lanka's total apparel exports.

According to the trade data from *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion&#**;s market insight tool TexPro, Sri Lankan apparel exports to Italy have been increasing consistently after ****, when they saw a dip due to the pandemic. The outbound shipment surged by ** per cent to reach $***.*** million in ****. It further gained **.** per cent to $***.*** million in **** and rose by **.** per cent to $***.*** million in ****.

Italy accounted for **.** per cent of Sri Lanka&#**;s total apparel exports of $*.*** billion in ****. The island country exported **.** per cent to the US, which was its top apparel buyer in the world.

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