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Sri Lanka's garment exports ease 1.1% to $1,145 mn in Jan-Mar 2024

07 May '24
2 min read
Sri Lanka's garment exports ease 1.1% to $1,145 mn in Jan-Mar 2024
Sri Lanka's garment exports ease 1.1% to $1,145 mn in Jan-Mar 2024

Insights

  • Garment exports from Sri Lanka in Q1 2024 were $************.
  • Textile exports dropped by **.*** per cent to $**.*** million, while other manufactured textile articles increased by **.*** per cent to $**.*** million.
  • In March 2024, textile exports rose by **.*** per cent to $****.*** million.
  • Meanwhile, textile imports increased, but clothing imports decreased in 2023.

During January-March ****, 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, an increase of **.* per cent, as detailed in the bank&#**;s report titled &#**;External Sector Performance – March ****&#**;.

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 January-March ****, while Sri Lanka&#**;s total industrial exports were $*,***.* million in the same period.

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