Written by Bella Dalima
23 Aug, 2014 | 5:57 pm
The Central Bank of Sri Lanka notes that textile exports income rose by 25% in the month of June.
The CBSL points out that a there is a sharp growth in textile exports to both traditional and non traditional markets.Textiles and garments accounted for 45 % of Sri Lankan exports during the month of June and according to the Central Bank it contributed to the increase in overall export income by 50%.
The CBSL notes that textile exports in the month of June brought in 446 million dollars in revenue showed a 25% increase in comparison to the revenue generated in June 2013.
CBSL statistics show that textile exports to Europe and USA which are traditional export markets grew by 3% and 12 % respectively.Textile exports to non traditional markets have grown by 44%.
During the first six months of this year the textiles and garments industry has generated an export income of 2,413 million US dollars and has recorded a 20% growth in comparison to the same period last year.
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