Sri Lanka sees 2025 apparel export growth despite November dip
Yahoo Finance·2026-01-05 11:44

Core Insights - Sri Lanka's apparel exports are projected to increase in 2025, reaching a total of $4.34 billion compared to the previous year [1] - November 2025 saw a decline in apparel exports by 1.96% to $367.6 million compared to November 2024 [1] - The US market showed a positive trend with a 5.79% increase in shipments to $152.32 million, while exports to the EU (excluding the UK) rose by 3.35% to $119.61 million [1] Export Performance - Exports to the UK decreased by 13.83% to $43.63 million, while sales to other markets fell by 19.44% to $52.04 million [2] - From January to November 2025, exports to the EU (excluding the UK) totaled $1.44 billion, marking a 13.07% year-on-year increase [2] - US exports during the same period were valued at $1.77 billion, reflecting a 1.73% increase, while exports to other markets rose by 5.75% to $742.98 million [2] Industry Resilience - The cumulative export growth of 5.42% for the first 11 months of 2025 indicates the resilience and adaptability of Sri Lanka's apparel sector in a challenging global environment [3] - Despite the November decline, the overall year-to-date performance remains strong [3] - The 13.07% growth in the EU market highlights the effectiveness of strategic efforts to strengthen relationships with EU buyers and meet sustainability requirements [4] Competitive Position - Continued growth in the US market, despite tighter margins, demonstrates that Sri Lankan manufacturers maintain competitiveness in quality, delivery, and ethical manufacturing standards [4]

Sri Lanka sees 2025 apparel export growth despite November dip - Reportify