Fashion

US-China trade row a plus for Sri Lankan apparel exporters

According to the Sri Lankan Apparel Exporters Association (SLAEA), a trend of order cancellations has already hit factories and the revenue loss is expected to be significant during the second quarter of the current fiscal year.Apparel exports during the first six months of this year declined by 30 per cent to $1.8 billion from $2.6 billion a year ago. Apparel exports to the European Union during the first six months of this year declined 32 per cent to $753 million from $1.1 billion recorded a year earlier, while exports to the United States during the same period declined by 27 per cent to $830.5 million from $1.14 billion.คำพูดจาก เกมสล็อตทดลองเล่น

However, with the COVID-19 global pandemic many companies are now frightened to rely on single destinations for its supply chain. These companies, according to Bill Lam, are now moving away from China to partner with other South Asian countries, which Sri Lankan apparel manufactures can easily tap into, according to Sri Lankan media reports.According to statistics released by the Apparel Exporters Association, apparel exports in June this year reached $382 million, down by 20.5 per cent from $481 million recorded during the corresponding month of last year.
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