Sri Lanka witnessed a 0.19 per cent Y-o-Y rise to $398 million in its export earnings from the apparel sector in Feb’24.

During the month, Sri Lanka’s export earnings from the United States grew by 5.94 per cent Y-o-Y to $165 million while earnings from the United Kingdom expanded by 22,61 per cent Y-o-Y to $64 million. On the other hand, Sri Lanka’s apparel export earnings from the European Union (EU) dropped by 1.05 per cent Y-o-Y to $112 million in February while earnings from other markets dipped by 25 per cent Y-o-Y to $56 million.

Sri Lanka’s cumulative export earnings during the Jan-Feb’24 period contracted by 4.8 per cent to $756 million. Export earnings from the United States, Europe Union, and other markets contracted by 6.2 per cent, 5.2 per cent, and 10.32 per cent respectively. Meanwhile exports earnings from the United Kingdom grew by 7.31 per cent.