Sri Lanka’s textile & garment exports all set to cross $5 bn in 2021

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Just after registering a steep fall of 21 for each cent 12 months-on-yr to $4.423 billion in 2020, textile and garment exports from Sri Lanka are likely to cross $5-billion mark in 2021, as the island nation has by now acquired $4.404 billion until finally October, expanding at 20.8 for each cent yr-on-yr, in accordance to the statistics launched by the Central Lender of Sri Lanka.

Exports of clothes were being up 23.6 per cent 12 months-on-yr to $4.011 billion during the initial ten months of very last yr, while textile exports increased by 37.3 for every cent and fetched $285.5 million, the central financial institution claimed in its report ‘External Sector General performance – Oct 2021’.

Exports of other produced-up textile posts fetched $107 million throughout January-Oct 2021, registering a substantial decrease of 44.2 per cent yr-on-yr, as for each the most current figures released by the

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