Sri Lanka's garment exports up 12% to $827 mn in Jan-Feb 2025

During the first two months of 2025, textile exports from Sri Lanka declined by 4.5 per cent, totalling $43.9 million. Over the same period, exports of other manufactured textile articles fell by 2.5 per cent, amounting to $18.6 million, as reported in the Central Bank's publication titled External Sector Performance – February 2025.

Combined exports of textiles, garments, and other manufactured textile articles accounted for 53.91 per cent of all industrial exports from Sri Lanka during this period. Total textile product exports amounted to $889.7 million in January–February 2025, while Sri Lanka's overall industrial exports were valued at $1,649.7 million for the same period.

In February 2025, textile and garment exports rose by 1.4 per cent year-on-year, reaching $428.3 million. By category, garment exports increased by 2.4 per cent, totalling $398.8 million, while textile exports decreased by 13.0 per cent, amounting to $20.0 million. Over the same period, exports of other manufactured textile articles slipped by 4.6 per cent to $9.5 million, as reported by the Central Bank.

In the year 2024, the island nation’s garment exports totalled $4,660.1 million, showing a 4.9 per cent increase. Sri Lanka also exported textiles worth $294.5 million and other manufactured textile articles worth $106.4 million during the year. The country imported textiles and textile articles valued at $2,847.1 million and clothing and accessories worth $225.8 million in 2024.

In 2023, Sri Lanka's garment exports were valued at $4,440.6 million, a 19 per cent decrease from the $5,483.1 million exported in 2022. Meanwhile, imports of textiles and textile articles dropped by 22.6 per cent to $2,371.2 million, and imports of clothing and accessories declined by 21.1 per cent, totalling $170.0 million in 2023.

ALCHEMPro News Desk (KUL)