Sri Lanka’s apparel exports in March declined 0.04 per cent Y-o-Y. However, the decline is short of industry estimates announced amidst the economic crisis in the country. Sri Lanka shipped garments worth $435.20 million in March compared to $ 435.36 million shipped in the corresponding month of 2021, according to statistics released by Sri Lanka Apparel Exporters Association (SLAEA).
In Q1, Sri Lanka’s apparel exports grew 11 per cent to $ 1.39 billion as compared to $1.25 billion a year ago, reports Daily FT. The industry continues to grow robustly despite domestic crisis. It aims to continue with this growth momentum for the rest of the year, says SLAEA in its post on Linkedin.
