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Sri Lanka's garment exports down 16.8% to $778 mn in Jan-Feb 2023

03 Apr '23
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • Sri Lanka's garment exports decreased by ****.* per cent to $****.* million in Jan-Feb 2023, compared to the same period in 2022.
  • Textile exports increased by *.* per cent, while other made-up textile articles decreased by **.* per cent.
  • Overall, textile products exports totalled $*****.* million, accounting for **.* per cent of all industrial exports.

*pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"> Sri Lanka’s garment exports stood at $***.* million during January-February ****, which decreased **.* per cent over the exports of $***.* million in the same period of the previous year, as per statistics released by the Central Bank of Sri Lanka. Its garment exports dropped by **.* per cent in February **** due to the slowdown in the world economy. 

*pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"> During the first two months of ****, textile exports from the island nation increased by *.* per cent year-on-year to $**.* million. The exports of other made-up textile articles stood at $**.* million during the same period, down **.* per cent, according to the central bank’s report titled ‘External Sector Performance’. 

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