Sri Lanka’s “Daily Financial Times” reported on October 15 that Sri Lanka’s garment industry has become a victim of the new crown epidemic. In the first nine months of this year, Sri Lanka’s garment and textile exports fell by 21.97% year-on-year. to US$3.1 billion, which is the lowest level in five years. The highest record was US$3.9 billion in 2019.
According to the Joint Apparel Association Forum of Sri Lanka (JAAF), Sri Lanka’s apparel and textile exports to the United States fell by 11.15% year-on-year to US$1.4 billion in the first nine months of this year; EU exports fell by 21.36% year-on-year to US$1.3 billion; exports to other countries/regions fell by 23.25% year-on-year to US$400 million. </p
