Sri Lanka’s garment exports up 10.7% in 2022; down in Dec

Sri Lanka’s garment exports stood at $5,483.1 million during January-December 2022, which grew by 10.7 per cent over the exports of $4,951.5 million in the same period of the previous year, as per statistics released by the Central Bank of Sri Lanka. Its garment exports dropped by 8.7 per cent in December 2022 due to the slowdown in the world economy.

During the full year of 2022, textile exports from the island nation decreased by 0.5 per cent year-on-year to $353.7 million. The exports of other made-up textile articles stood at $115.2 million during the same period, down 10.1 per cent, according to the central bank’s report titled ‘External Sector Performance’.

Textiles, garment, and other made-up textile articles’ exports together accounted for 56.87 per cent of all industrial exports from Sri Lanka during the period under review, the report showed. The exports of all textile products totalled $5,952 million in January-December 2022, which was 9.5 per cent higher than the shipment during the same period last year.

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In December 2022, all textile products exports from the South Asian nation declined by 9.7 per cent year-on-year to reach $481.5 million. Category-wise, garment exports decreased by 8.7 per cent to $442.6 million, while textile exports fell 23.3 per cent to $29.8 million. The exports of other made-up textile articles were down by 4 per cent to $9.1 million.

On the other hand, imports of textiles and textile articles eased 0.1 per cent to $3,065.2 million, while clothing and accessories imports were down by 2.6 per cent to $215.6 million during January-December 2022.


Post time: Feb-06-2023