In 2023, Sri Lanka witnessed a 19 per cent decrease in garment exports, amounting to $4.44 billion, alongside a 4.4 per cent drop in textile exports, totalling $338.1 million.
These categories collectively constituted over half (52.58 per cent) of the island nation’s industrial exports.
Additionally, imports of textiles and clothing saw substantial declines.In 2023, Sri Lanka witnessed a 19 per cent decrease in garment exports, amounting to $4.44 billion, alongside a 4.4 per cent drop in textile exports, totalling $338.1 million.
These categories collectively constituted over half (52.58 per cent) of the island nation’s industrial exports.
Additionally, imports of textiles and clothing saw substantial declines.
Sri Lanka’s garment exports drop 19% to $4,440 mn in 2023
