Sri Lanka’s apparel industry is working with new vigour to reach US $ 6 billion in revenue by the end of this year continuing with the growth momentum recorded last year.“The country earned a record US$ 5.3 billion with a 5.1 percent year-on-year (YoY) increase in apparel export earnings for 2019 despite a slight decline in export earnings in December, Secretary General Joint Apparel Association Forum (JAAF) Tuli Cooray said.This is approximately $ 250 million more than last year. We have grown in all markets including USA and EU. This growth is significant as apparel is the only sector to record a positive growth last year contributing to the country’s growth trajectory, he said.However, apparel export earnings have declined by 1.71 percent (YoY) to US$ 460 million in December due to a slowdown in key EU and US markets.
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