Sri Lanka Earns Record 5.3 Billion USD From Apparel Exports In 2019
COLOMBO, Jan 22 (NNN-XINHUA) – Sri Lanka earned a record 5.3 billion U.S. dollars from its apparel exports in 2019, showing a 5.1 percent year on year increase, according to the Joint Apparel Association Forum (JAAF).
However, a slight decline in export earnings was recorded in Dec, 2019, due to a slowdown in the key EU and U.S. markets, while retail sales in Sri Lanka’s largest apparel export market, the United Kingdom, remained sluggish because of Brexit, the report seen on Wednesday (today), said.