EU Imports per HS-4 Digit Categories - US Imports per Quota Category

Sri Lanka Apparel Exports Are Slowing Down Country Report

Sri Lanka's apparel exports surged over the first part of the year, according to official data. Shipments however slowed down in June and July, latest statistics reveal. US and EU import data which were compiled by EmergingTextiles.com reflect a less rosy picture.

Sri Lanka's apparel exports surged over the first seven months of the year, according to official reports.

Textile and clothing exports rose 43% in value terms at US$1.29 billion.

Shipments to foreign countries are however slowing down. June apparel exports only rose 10% before they gained 9.3% in July, from the same period in 2010.

The picture also looks less impressive, if seen from US and EU official data.

According to Eurostat, total clothing imports from the island stagnated in volume terms over the first half, while rising 6.3% in euro terms and 12.3% in US$ terms.

US apparel imports from Sri Lanka were up 14% over the January-July period of 2011, slightly above average rise of 13%.

Sri Lanka seems increasingly specialized on the underwear and lingerie markets, as reflected by category-wised EU import data below.

EU imports surged 25% and 24% in volume terms in HS 6107 (M/B knit underwear) and 6108 (W/G knit underwear).

In 6208 (W/G woven underwear), shipments in volume terms even gained 60%.

US underwear imports from Sri Lanka were also boosted in man-made fiber category 652 (+16% in volume terms), especially after prices dropped over the first seven months of the year.

Sri Lankan prices rose less significantly than average unit price on the the US apparel import market.

The increase in unit values also remained relatively moderate on the EU import market.



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