The average price of apparel exports from Sri Lanka was noted at $3.02 per unit in the first ten months of the recently concluded year. It was recorded at $3.79 per unit in 2023 and $3.61 per unit in 2022. Additionally, the price of apparel exports in terms of weight was $30.93 per kg in January-October 2024, compared to $33.49 per kg in 2023 and $29.28 per kg in 2022, according to Fibre2Fashion's market insight tool TexPro.
Sri Lanka exported 910.496 million units of apparel in the first ten months of 2024, along with 36.513 million kg of other apparels during the same period. In 2023, the country had exported 832.513 million units and 38.659 million kg of apparels. Apparel exports were recorded at 1,109.907 million units and 51.317 million kg in 2022, according to TexPro.
In terms of value, Sri Lanka exported apparel worth $3,882.178 million in January-October 2024. Earlier, the exports were valued at $4,445.927 million in 2023 and $5,512.597 million in 2022.
Sri Lanka’s apparel export basket is quite diversified, as trade data suggests. The most dominant apparel was innerwear, with exports valued at $1,088.770 million in January-October 2024, which constituted 28.16 per cent of the total. Among the top five products, the exports of trousers and shorts were valued at $781.975 million (20.23 per cent), T-shirts at $394.920 million (10.21 per cent), accessories at $324.160 million (8.38 per cent), and shirts at $246.331 million (6.37 per cent) in the same period.
ALCHEMPro News Desk (KUL)
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