Despite political and economic turmoil, Sri Lanka’s garment export industry seems to be unaffected.
As per the latest released statistics by Sri Lanka Apparel Exporters Association, the country shipped US $ 451.46 million worth of garments in September ’22 as compared to US $ 430.43 million in the same month of the prior year.
Though there is a clear Y-o-Y surge of 4.88 per cent in the export values, the country has experienced a decline of 15.57 per cent over the previous month of August in 2022.
Despite this decline, September ’22 remains the best 9th month for Sri Lanka in terms of RMG exports in last 6 years (at least).
Of total exports, the shipment to USA was valued at US $ 186.27 million, slightly down by 4 per cent on yearly basis in September ’22.
On the other hand, exports to the EU have seen an increase of 15.69 per cent to US $ 141.52 million in September ’22.
Cumulatively in January to September ’22, Sri Lanka clocked US $ 4.30 billion export revenues from garment products which is up by 18.46 per cent on yearly note.
