Sri Lanka’s Apparel industry responds to new U.S. tariffs; Engages Government on way forward
Author LBOPosted on April 3, 2025 | Apparel, Banking and Finance, Companies, Economy & Markets, Featured, Industry, Trade Sri Lanka’s apparel industry has expressed its concern over the Reciprocal Tariff policy announced by the U.S regime earlier today. The new tariffs proposed could significantly disrupt the country’s largest export sector and put thousands of jobs at risk. Following an announcement by U.S. President Donald Trump […]
Trump’s Tariffs Hit Garment Makers in Bangladesh and Sri Lanka Hard
Through Covid, political chaos, and economic disarray, Sri Lanka and Bangladesh kept one industry central to their hopes of prosperity afloat: the manufacturing of ready-made garments, with the United States as their main market. Then came President Trump’s tariffs. The two countries are reeling after Sri Lanka was hit with 44 percent tariffs and Bangladesh […]
MAS Holdings to gain greater access to growing Indian market with expansions in Odisha, India
Author Ashanthi RatnasinghamPosted on March 7, 2025 | Apparel, Companies, Featured MAS Holdings, South Asia’s largest apparel manufacturer, marked a significant milestone in its global expansion by breaking ground for its first facility in the state of Odisha, India. This strategic initiative builds on MAS’ long-standing presence in India while strengthening its regional production capabilities and giving it a strong foothold […]
Sri Lanka Apparel achieves 5% export growth in 2024
Eyes in-country verticality to enable future growth. Yohan Lawrence, Secretary-General of JAAF. Sri Lanka’s export earnings from apparel in 2024 reached USD 4.7 billion, recording a year-on-year growth of nearly 5%, according to the Joint Apparel Association Forum (JAAF). Adding the country’s direct exports of textiles takes the overall export value to just over USD […]
SL’s apparel exports surpass $3 bn with double-digit growth in August
September 24, 2024 By: Isuru Parakrama September 24, Colombo (LNW): Sri Lanka’s apparel sector recorded a significant milestone in August, crossing the US$ 3 billion mark in export earnings for the year, buoyed by robust performance across major markets. The sector witnessed impressive double-digit growth, with a 22 per cent year-on-year (YoY) rise in August, underscoring the […]
Sourced SRI LANKA Fashion and Textile Trade Show to boost UK apparel exports to over USD 1 Bn
United Kingdom: Sri Lanka is aiming to increase its apparel exports from the current USD 650 million to USD one billion mark via the Sourced SRI LANKA Fashion and Textile Trade Show which began at London Horticulture hall yesterday said Secretary General, Sri Lanka Apparel Sourcing Association (SLASA) Gopal K Iyer. He said at the […]
Sri Lanka apparel exports account for 3% of UK apparel market
June 18, 2024 The Sri Lankan High Commission has organised and brought in ambassadors, high commissioners and a high level diplomatic community from around 28 countries to attend the Sourced SRI LANKA Fashion and Textile Trade Show, making it a huge global audience. Sri Lankan High Commissioner in the United Kingdom Rohitha Bogollagama also attended […]
Sri Lanka’s apparel exports to EU reach $417 mn in Jan-Apr 2024
20 Jun ’24 Pic: Adobe Stock Insights Sri Lankan apparel exports to the European Union (EU) reached $417.814 million from January to April 2024. This trade performance raises hopes of better apparel shipments from Sri Lanka to the economic bloc throughout 2024. Outbound trade dipped last year after a surge in 2022. According to Fibre2Fashion’s market […]
July apparel export earnings up 3.3% YoY
27 Aug 2024 Sri Lanka’s apparel sector performance expanded in the month of July from the corresponding period of the previous year, indicating an improvement in the order books. As per the provisional data, the apparel sector saw its export earnings expand 3.29 percent year-on-year (YoY) to US $ 414 million. In July 2023, […]
Exports to all traditional mkts but UK tumble
UK saves situation with 13pc growth in H2 MONIRA MUNNI | January 22, 2024 Apparel shipments to the UK showed an exception with a double-digit growth amid a downturn in other major traditional markets, like the European Union, the United States and Canada, in the first half of this fiscal. Bangladesh earned US$2.71 billion from […]