Fabric imports by Sri Lanka declined in May 2022, compared to January i.e., before the onset of the current economic crisis gripping the country. The island nation needs to import fabric to keep its garment manufacturing and export running. Garment exports bring the much-needed foreign currency for the country, especially during the current crisis period.
Sri Lanka’s fabric import dropped from $233.85 million in January 2022 to $183.21 million in May 2022, according to Fibre2Fashion’s market insight tool TexPro.
Read more about Sri Lanka's fabric imports drop in May, impact of economic crisis
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