Apparel exports net in over USD 1 bn in June, July

The Joint Apparel Association Forum (JAAF), says that Sri Lankan apparel exports have shown a massive increase to all countries especially in the last two months (June and July 2022).

“In both June (USD $ 522 mn) and July (USD 537 mn) the industry netted in over USD 500 million a month (with a 22% plus increase month on month) and this trend is expected to continue.”

In the first nine months total apparel exports have brought in USD 3.3 billion. This is a 22% increase against the corresponding period in 2021.

Apparel and textile exports increased by 19.73% to US$ 2,967.39 million during the period of January to June 2022 compared to the same period of 2021. Except Made-up Clothing Accessories (-8.7%), Yarn (-21.38%) and Textile Floor Coverings (-3.28%); exports of other sub categories of Apparel & Textiles sector increased.