News Tags

Related Keywords: Central Bank of Sri Lanka, first two months of current year, garment exports to the EU and the US, industrial exports made by South Asian nation, Sri Lanka Apparel Exporters Association, Sri Lankan apparel exports declined, textiles and apparel

Sri Lankan apparel exports declined by 11.3 percent to $822.4 million in the first two months of the current year compared to exports of $927.5 million in the corresponding period of the last year. According to the data released by the Central Bank of Sri Lanka, textiles and apparel accounted for about 61.95 percent of all industrial exports made by the South Asian nation during the two-month period.

Related Keywords: Apparel exports, Central Bank of Sri Lanka, comprise nearly fifty two percent of total exports, Garments exports increased to the European Union, sharp decline in import, Sri Lankan apparel sector, Sri Lankan textile and garment exports, the United States, trade deficit, witnessed modest increase in February

Sri Lankan textiles and garments exports that comprise nearly 52 percent of total exports, during the month of February witnessed modest increase by 10.3 percent and helped to curb the negative growth of total exports to some extent, according to the Central Bank of Sri Lanka (CBSL).

Garments exports to the European Union and the United States have increased by 11.7 percent and 8.7 percent, respectively, in February 2016.