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Sri Lanka's garment exports drop 19% to $4,440 mn in 2023

During ****, textile exports from the island nation dropped by *.* per cent year-on-year, totalling $***.* million. The exports of other manufactured textile articles were valued at $***.* million during the same period, a decrease of **.* per cent, as detailed in the bank&#**;s report titled &#**;External Sector Performance – December ****&#**;.

Exports of textiles, garments, and other manufactured textile articles collectively accounted for **.** per cent of all industrial exports from Sri Lanka during the reviewed period, the report indicated. All textile product exports summed up to $*,***.* million in ****, while Sri Lanka&#**;s total industrial exports were $*,***.* million in the last year.