From January-October 2024, Sri Lanka’s earnings from garment exports rose by 5.7 per cent to $3.8 billion to further reach the $4 billion revenue mark in the first week of November 2024.
A major contributor to this growth, Sri Lanka’s apparel and textile exports to the US and the UK increased by 23.28 per cent and 23.26 per cent respectively in October 2024 as against October 2023.
Sri Lanka’s total combined textile and garments exports also helped increase the nation’s merchandise export performance in October 2024. In 2023, the nation had exported apparel products worth $4,848.55 million while the value of its apparel exports rose to $5,933.52 million in 2022.
