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Showing posts with the label Sri Lanka Export Data

Sri Lanka & Bangladesh On Talks To Boost Yarn & Fabric Trade

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  Sri Lanka and Bangladesh are the two most prominent exporters of textiles and fabrics in the world. Sri Lanka and Bangladesh both rely mostly on textile exports. In order to boost their textiles exports globally, both nations are working together. This is also done in the wake of raising bilateral trade among two nations. Bangladesh is currently the 14th most favoured destination for Sri Lankan exports. According to the Bangladesh import export data , the textile exports grew significantly in the fiscal year 2022. For FY22, Bangladesh textile exports were worth 42 million dollars. For the last year, textile exports from Bangladesh were 31 million dollars and in 2020, textiles exports were around 22 million dollars. So, Bangladesh textiles exports saw an upward trend in the global textile market. As per Bangladesh customs data , the most prominent importers of Bangladesh's textiles were Germany, United States, Spain, United Kingdom and Poland. Some of the renowned Bangladesh expor...

Sri Lanka Exports Grew By 4.4% In 2022

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  Sri Lanka is the 79th largest economy by GDP as per WTO Reports. Despite suffering from the political crisis, Sri Lanka has recovered its economy quickly. According to the Sri Lanka export data records, the country’s exports grew by 4.4% in the financial year 2022.  On the other hand, Sri Lanka imports declined by 11% in 2022. As per Sri Lanka import data , the total imports are worth 18 billion USD. While, it was 21 billion USD in 2021. For the fiscal year 2022, Sri Lanka exports  were worth 16 billion US Dollars. Whereas, it was 15 billion USD in 2021. According to the Sri Lanka customs data reports, China contributes to around 33% share of total Sri Lanka imports. India, the United Arab Emirates, Malaysia and Singapore were other major exporters to Sri Lanka. In terms of exports, the United States was the largest importer of Sri Lankan goods with over 25% share of total imports. Other major importers to Sri Lanka were the United Kingdom, India, Germany and Italy. ...

Sri Lanka’s Top Exports 2022

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  Sri Lanka is an emerging economy. As per WTO reports, Sri Lanka was the 83rd exporter and 82 largest importer in the world. Sri Lanka is known for its unique spices and tea in the global market. As per Sri Lanka import export data , Sri Lanka's exports in 2022 were around 16 billion US Dollars with majority of the exports to the United States, United Kingdom, India, Germany and Italy.  On the other hand, Sri Lanka imports worth 18 billion US Dollars in 2022 according to Sri Lanka import data reports. Petroleum, textile, machinery, transport equipment and medicaments were Sri Lanka’s major import products. Through this blog, you will get a detailed analysis on Sri Lanka's top exports. Top 5 Exports in Sri Lanka Clothes (Knitted or not knitted) As per Sri Lanka export data reports,  Apparel & Clothing Accessories (knitted or not knitted) were the major export product of Sri Lanka in 2022. These include carpets, mats, floor coverings, yarn articles etc. Sri Lanka's c...

Sri Lankan Apparel & Textile Exporters 2021 Update

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  Sri Lanka is an Island nation located in south Asia. the country lies in three Ocean bays of Bengal, the Indian Ocean, and the Arabian sea from the southwest and southeast direction.  Sri Lanka shares their border with India and Maldives. There are more than 22 million inhabitants living in Sri Lankan country. In this blog, we will give you detailed information about Sri Lankan Apparel & Textile Exporters 2021 Update At the current time, the apparel & Textile industry becomes popular throughout the world and booming at full speed which seeks the attention of investors to invest money in the growing industry.  If we talk about the Sri Lanka apparel & textile industry then we see that in the last few years, the apparel and textile industry is growing and becoming the most essential sector for the Sri Lankan economy.   According to the Sri Lanka import export data , Sri is leading the 79th rank in terms of largest GDP Value in the last fiscal year 202...