Sri Lanka shows sign of recovery, garment export up 13.7% Jan-Apr 2022

Sri Lankan textile exports increased by 13.3 per cent year-on-year to $112.2 million during the same period. However, exports of other made-up textile articles stood at $42.6 million during January-April 2022, registering a decline of 4.3 per cent year-on-year, according to the central bank’s report ‘External Sector Performance – April 2022’.

Textiles and garments exports accounted for 56.32 per cent of all industrial exports from Sri Lanka during the four-month period, the report showed.

Imports of textiles and textile articles rose by 23.8 per cent to $1,161.7 million, while clothing and accessories imports were up by 25.3 per cent to $93.9 million during January-April 2022.

During the month of April 2022, Garments export increased 21.5 per cent to $409.3 million. The export of textiles rose 37 per cent to $28.2 million from the same period of last year. While exports of other made-up textile articles up 19.7 per cent to $10.2 million in the same period. The export of garment, textiles and other made-up articles had registered declining trend March 2022 due to economic crisis and political unrest.

ALCHEMPro News Desk (KUL)