Sri Lanka’s clothing and textile exports in 2021 increased by 11.93% compared with the same period, reaching US$5.415 billion. Although apparel exports increased by 25.7%, exports of woven fabrics increased significantly by 99.84%. Among them, exports to the UK surged by 15.11%.
Sri Lanka Export Development Board (EDB), according to provisional data released by the National Bureau of Statistics, clothing and textile export revenue in December 2021 increased by 17.88% over the same period to reach 531.05 million USD, of which 17.56% is clothing and 86.18% woven fabrics, with strong export performance.
Sri Lanka’s exports in 2021 were worth US$15.12 billion. When the data was released, the country’s Trade Minister appreciated the exporters’ contribution to the economy, although they must deal with unprecedented economic conditions. , and assured it that it would receive more support in 2011 to reach the US$20 billion target.
At the 2021 Sri Lanka Economic Summit organized by the Ceylon Chamber of Commerce (CCC) in December 2021, Aroon Hirdasdfssdfsrasdfssdfsmasdfssdfsni Group Director Aroon Hirdasdfssdfsrasdfssdfsmasdfssdfsni said: “The goal of the Sri Lankan garment industry is to fully By increasing investment in the local supply chain, the export value can reach US$8 billion by 2025. Due to the origin standards, only about half of Sri Lanka’s garment exports comply with the general preferential tariff (GSP+). This standard involves whether the garments are fully sourced from Countries applying for preferential treatment.”</p
