Despite ongoing political and economic crisis, Sri Lanka has registered an impressive growth in garment and textile exports. in the first five month of this year despite the ongoing economic and political crisis. The country’s garment exports grew by 16.7 per cent to $2,206.6 million in January-May 2022 over exports worth 1,890.9 million in the same period of previous year, according to the statistics released by the Central Bank of Sri Lanka.

Sri Lankan textile exports increased by 17.9 per cent year-on-year to $149.2 million during the same period. However, exports of other made-up textile articles stood at $52.7 million during January-May 2022, registering a decline of 3.2 per cent year-on-year, according to the central bank’s report ‘External Sector Performance – May 2022’.

Textiles and garments exports accounted for 56.40 per cent of all industrial exports from Sri Lanka during the five-month period of this year, the report showed.

On the other hand, imports of textiles and textile articles rose by 19.6 per cent to $1,404.7 million, while clothing and accessories imports were up by 21.4 per cent to $109.7 million during January-May 2022.