Apparel exports marginally dip in March but up 11% in 1Q

Apparel exports in March have declined marginally by 0.04% on Y-o-Y basis, though the drop is not as much as it was being predicted by the industry amidst economic crisis the country has been facing.

During March , Sri Lanka shipped $ 435.20 million as compared to $ 435.36 million in the same month of 2021, according to statistics released by Sri Lanka Apparel Exporters Association.

Cumulatively, in Q1, Sri Lanka’s apparel exports grew by 11% to $ 1.39 billion when compared to $ 1.25 billion in apparel exports a year ago.

“Despite the challenges domestically, the industry continues to persevere in a robust manner and aims at continuing this momentum through the year,” commented Sri Lanka Apparel Exporters Association in its LinkedIn post.