Sri Lanka’s textile and garment exports increased by 28 per cent year-on-year to $2.5 billion in the January to June period, according to statistics released by the Central Bank of Sri Lanka.

As per a report by Business of Fashion, textile exports increased by 47.8 percent to $156.6 million, while garment exports surged by 30.8 percent to $2.27 billion. The two categories accounted for 56.43 percent of all industrial exports from Sri Lanka during the first half of 2021, the report said.

From January-May 2921, Sri Lanka could maintain restrict the number of COVID-19 infections that helped it gain a competitive edge over neighboring textile and garment producers struggling with major COVID-related disasters.

However, from June onwards, Sri Lanka’s infections soared and reached historic highs in August. The government has rejected calls for a lockdown or curfews to help stem this rise in infections, saying the country is on track to vaccinate everyone over the age of 18 by September.

By Fashionating World
Sri Lanka’s garment and textile exports rise by 28% from January-June 2021 (fashionatingworld.com)