Sri Lanka's garment exports up 21% in Jan-July 2022

During the same period, textile exports from the island nation increased by 13.6 per cent year-on-year to $209.2 million. However, exports of other made-up textile articles stood at $73.1 million during January-July 2022, registering a negative growth of 1.7 per cent, according to the central bank’s report ‘External Sector Performance – July 2022’.

Textiles, garment and other made-up textiles articles exports together accounted for 56.97 per cent of all industrial exports from Sri Lanka during the seven-month period of this year, the report showed.

On the other hand, imports of textiles and textile articles rose by 12 per cent to $1,905.9 million, while clothing and accessories imports were up by 20.6 per cent to $144.9 million during January-July 2022.

During the month of July 2022, garment, textile and other made ups exports from the South Asian nation registered a growth of 21.4 per cent year-on-year. Category-wise, garment exports increased by 23.6 per cent to $513.4 million, while textile exports rose by 3.8 per cent to $28.7 million. But the exports of other made-up textile articles were down by 15.5 per cent to $9.3 million.

ALCHEMPro News Desk (KUL)