SL's apparel exports to cross 5 B USD in 2021

TPL | Published: 11:08 AM Nov 27 2021
Business SL's apparel exports to cross 5 B USD in 2021

Sri Lanka’s earnings from apparel exports are likely to cross five billion US dollars mark in 2021.

The country has already earned 3.89 billion USD until September, growing at 18.5 per cent year-on-year, according to Central Bank statistics.

Textile and garment exports registered a fall of 21 per cent year-on-year to 4.42 billion USD last year.

According to the CBSL, garment exports were up 21.4 per cent year-on-year to 3.544 billion USD during the first three quarters of this year.

During the same period, textile exports increased by 40.3 per cent and fetched 254.8 million USD.

Exports of other made-up textile articles fetched 94.2 million USD, a decline of 49.2 per cent year-on-year.

Textiles and garments exports accounted for 56.43 per cent of all industrial exports from Sri Lanka during the nine-month period, the CBSL said.

TPL | Published: 11:08 AM Nov 27 2021

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