Sri Lanka's Apparel Exports Show Highest Ever Growth, Jan-Aug'22 Clocks 20.24% Jump

Sri Lanka's apparel industry has posted its strongest ever export earnings through the first eight months of a year at the end of August 2022, the Sri Lankan Apparel Exporters Association (SLAEA) has announced.

Long Story, Cut Short
  • Export earnings for 2022 stand at $3,850 million registering an increase of 20.24% over the $3,202 million earned during the first eight months of 2021.
The month of August was the third straight month where apparel exports exceeded the $500 million mark with export earnings of $534.85 million earned during the month.
Silver Streak The month of August was the third straight month where apparel exports exceeded the $500 million mark with export earnings of $534.85 million earned during the month. Orna Wachman / Pixabay

Sri Lanka's apparel industry has posted its strongest ever export earnings through the first eight months of a year at the end of August 2022, the Sri Lankan Apparel Exporters Association (SLAEA) has announced.

Export earnings for 2022 stand at $3,850 million registering an increase of 20.24% over the $3,202 million earned during the first eight months of 2021.

The month of August was the third straight month where apparel exports exceeded the $500 million mark with export earnings of $534.85 million earned during the month.

This number translates to a 19% higher earning when compared to August 2021.

Table 1: Export of apparel to all countries: August 2022
  2017
($ Mn)
2018
($ Mn)
2019
($ Mn)
2020
($ Mn)
2021
($ Mn)
2022
($ Mn)
Knitted Products 237.00 242.00 295.78 246.72 280.10 341.13
Woven Products 165.00 194.00 168.58 142.85 159.50 185.52
Other Products 10.00 8.00 8.23 27.12 9.68 8.20
Total 412.00 444.00 472.59 416.69 449.28 534.85
Table 2: Apparel export trade revenue of all countries: January 2022 to August 2022 (cumulative)
  2017
($ Mn)
2018
($ Mn)
2019
($ Mn)
2020
($ Mn)
2021
($ Mn)
2022
($ Mn)
Knitted Products 1,733.00 1,785.00 1,999.52 1,480.56 1,939.31 2,324.70
Woven Products 1,354.00 1,437.00 1,477.95 1,047.19 1,183.04 1,448.24
Other Products 53.00 59.00 67.42 166.03 79.19 76.66
Total 3,140.00 3,281.00 3,544.89 2,693.78 3,201.54 3,849.60
 
 
  • Dated posted: 22 September 2022
  • Last modified: 22 September 2022