Sri Lankan Apparel and Textile Exports Rise Almost 23% in 2021 – Business of Fashion

Sri Lankan Apparel and Textile Exports Rise Almost 23% in 2021

Shared from Business of Fashion

After fashion exports rose 22.93 percent year-on-year in 2021, the value of the sector reached $5.42 billion.

Clothing exports from the South Asian island nation increased by 25.7 percent and exports of woven fabrics surged by 99.84 percent year-on-year, according to provisional data released by the Sri Lanka Export Development Board.

Speaking at the Sri Lanka Economic Summit, Hirdaramani Group director Aroon Hirdaramani said the country’s apparel sector would target exports worth $8 billion by 2025 by increasing investment in local supply chains.

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