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Sri Lanka's fabric imports from China drop 30.13% in Jan-Sept 2023

*.*pt"> Sri Lanka imported fabric from China worth $***.*** million during the first three quarters of the current year. China remained the top fabric supplier, contributing **.** per cent to the total fabric imports of the island country. However, Sri Lanka&#**;s fabric import from China decreased by **.** per cent in the period under review, indicating a slowdown in garment demand from the Western world. 

*.*pt"> During a meeting in Colombo between Sri Lankan President Ranil Wickremesinghe and Chinese State Councillor Shen Yiqin, China and Sri Lanka pledged to deepen cooperation and friendship. In the textile trade, although both nations compete in the global garment market, Sri Lanka largely depends on imported fabric supplies for its garment industry, with China and India being the most prominent suppliers.