{"id":3152,"date":"2023-05-22T16:31:42","date_gmt":"2023-05-22T11:01:42","guid":{"rendered":"https:\/\/economictimes.lk\/?p=3152"},"modified":"2023-05-22T16:31:43","modified_gmt":"2023-05-22T11:01:43","slug":"sri-lankas-apparel-exports-hit-a-fresh-low-in-april","status":"publish","type":"post","link":"https:\/\/economictimes.lk\/index.php\/2023\/05\/22\/sri-lankas-apparel-exports-hit-a-fresh-low-in-april\/","title":{"rendered":"Sri Lanka&#8217;s apparel exports hit a fresh low in April"},"content":{"rendered":"\n<p>Sri Lanka&#8217;s apparel exports hit a fresh low as April performance fell sharply by 24 percent Year-on-Year when compared to April 2022 amidst the economic slowdown in key western markets. The exports for the month were valued at $ 318 million. Cumulatively, the performance in the first four months declined by 17 percent YoY to 1.5 billion.<\/p>\n\n\n\n<p>April 2023 export figure was the lowest in recent years barring the Covid-19 pandemic hit 2020. The previous lowest was in 2018 April which was $323 million .\u00a0<br>The exports had declined in March as well by 11 percent YoY. Since September last year apparel exports from Sri Lanka have been on a downward trend year on year. All major markets have witnessed a reduction in purchases.\u00a0<br>Apparel exports to the US, EU and UK markets decreased by 25.5 to 27.5 percent.<br>Apart from higher inventories in markets, industry analysts said Sri Lanka has also become expensive for apparel sourcing as compared to other countries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sri Lanka&#8217;s apparel exports hit a fresh low as April performance fell sharply by 24&#8230;<\/p>\n","protected":false},"author":1,"featured_media":3153,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[5],"tags":[450,210,14],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/posts\/3152"}],"collection":[{"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/comments?post=3152"}],"version-history":[{"count":0,"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/posts\/3152\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/media\/3153"}],"wp:attachment":[{"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/media?parent=3152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/categories?post=3152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/tags?post=3152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}