- Last Update 2024-07-19 10:17:00
SL apparel exports fall by over 50%
Sri Lanka's apparel exports have seen a sharp drop of 52.72 per cent in earnings this year as per cumulative data from January to July compared to 2019, according to statistics released by the Joint Apparel Association Forum (JAAF) website.
January to July cumulative data indicated that total exports for the period in 2020 had dropped to US$1,452.60 million compared to the same period last year that had seen earnings topping $3,072.40.
Exports to the US amounted to a drop of 51.52 per cent in earnings compared to the same period last year when earnings reached $1,342.90 million compared to this year’s $651.03 million.
Apparel trade to the EU bloc had seen a drop of 53.51 per cent this year based on cumulative data of earnings made for the period January to July that showed there were exports worth only $600.10 million made this year compared to $1290.90 million last year. (SD)
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