Apparel Exports Down By 30% In First Half

Sri Lanka’s apparel exports contracted by US$ 785 million or 30 percent year-on-year (YoY) during the first half of 2020 hit by COVID-19 pandemic related economic malaise, Sri Lanka Apparel Exporters Association’s (SLAEA) data showed.

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Accordingly, the country earned US$ 1.83 billion from apparel exports during the first half of the year compared to apparel exports earnings of US$ 2.62 billion during the same period last year.

The United States (US) retained its position as the top market for the country’s apparel exports despite 27 percent YoY drop in exports during the period.

Sri Lanka’s apparel exports to US amounted to US$ 830.49 million in the period backed by personal protective equipment (PPE) exports.