Textile and garment exports in Sri Lanka grew by 28% on a Y-o-Y basis to $2.50 billion in H1 ’21, as per data revealed by the Central Bank of Sri Lanka. The sector contributed 56.43% of total industrial exports from Sri Lanka during H1 ’21.
Garments was the main exports earner with $2.27 billion, noting 30.80% yearly growth.
While textile exports grew by 47.80% to $156.60 million in January to June ’21 period.
Experts opined that the surge was mainly due to the strong market hopefulness in 2021. In addition, Sri Lanka well managed COVID-19 infection in January to May period this year that aided the country gain an advantage over other Asian apparel manufacturing destinations where the pandemic is still hurting their supply chains.