Sri Lanka apparel exports up 9.2-pct in Sept driven by US
ECONOMYNEXT – Sri Lanka’s apparel exports have grown 9.2 percent to 451 million US dollars, in September with exports to America up 16.23 percent to 222 million US dollar, an industry body said.
Exports to the EU were marginally down by 0.57 percent to 173 million US dollars.
Exports to other markets were up 16.67 percent to 56 million US dollars.
Total exports up to September were up 5.04 percent to 3,732 million US dollars, with exports to the US up 5.85 percent to 1,664 million US dollars.
Exports to the EU were up 4.43 percent to 1,578 million US dollars.
Exports to the EU which peaked at 1,626 million US dollars up to September in 2014 fell to 1,473 million US dollars in 2015 amid a withdrawal of GSP+ duty free access and has since recovered.
Amid a political crisis in Sri Lanka, the EU envoy has warned that if Sri Lanka sees a return to human rights violations, GSP concessions could be withdrawn.
Exports to other destinations were up 4.26 percent to 490 million US dollars. (Colombo/Nov04/2018)