Sri Lanka’s garment exports touched the USD 4 billion revenue mark in the first week of November 2024.
Sri Lanka’s garment exports rose by 5.7% from January to October totaling USD 3.8 billion and in the first week this touched the USD 4 billion mark. One of the main contributors for this was the exports of Apparel & Textile to the USA and UK increasing by 23.28 % and 23.26% respectively in October 2024 compared to October 2023.
The total combined exports of textiles and garments significantly contributed to Sri Lanka’s merchandise export performance in October 2024. The total value of apparel exports in 2023 was USD 4,848.55 million while the best year for apparel exports was in 2022 where the country earned USD 5,933.52 million.
