Fabric imports by Sri Lanka slipped to $157.205 million in July from $217.770 million in June 2022, according to Fibre2Fashion’s market insight tool TexPro. The island country imported fabric worth $183.211 million in May, $205.483 million in April, $181.888 million in March and $246.045 million in February 2022. It shows that the import declined in March from February 2022, but recovered in April. Sri Lankan inward shipment of the product again increased in May and June but dropped once again in July.
As per TexPro, the island country’s total textile import was valued at $1.562 billion in January-June 2022. Fabric was the most important component with a contribution of 81.18 per cent ($1.268 billion) in total textile imports. It had imported 39.68 per cent ($503.238 million) of fabric from China and 26.57 per cent ($336.994 million) from India. Taiwan, Pakistan and Hong Kong were among the top five suppliers.
The country imported yarn costing $280.868 million during the first half of this year, accounting for 17.98 per cent of total textile imports. Fibre import was $13.358 million (0.85 per cent). In comparison, during the first six months of last year, Sri Lankan textile import was $1.329 billion. Out of this, fabric import was $1.062 billion (79.89 per cent), yarn $255.093 million (19.19 per cent) and fibre $12.225 million (0.92 per cent).
ALCHEMPro News Desk (KUL)
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