Sri Lanka’s textile exports to India jumps by over 40%
Wednesday, 11 September 2013 00:01
-
- {{hitsCtrl.values.hits}}
According to the Department of Commerce, total Indo-Lanka trade in 2012 stood at $ 4.086 billion. During January-June 2013, exports from Sri Lanka to India stood at $ 279.17 million while imports from India were at $ 1,465.65 million, showing a declining trend in imports from India.
India’s appetite for Sri Lanka apparels and textiles too has grown steadily. Last year, India was the eighth buyer country of Sri Lanka textiles and garments with $ 64 million, a threefold increase from 2008. Last year India became the 10th buyer country of world famous Sri Lanka apparel, purchasing $ 39 million worth of apparel, which was a strong 44% increase from 2011.
In 2012 India was also ranked the second largest buyer of Sri Lanka’s woven fabrics category with $ 20 million worth of purchases, a 42% growth from 2008.
