Sri Lanka Apparel Exports Hit $394.14m in May, US Demand Drives Growth

May 2026 shipments rose 7.96% year-on-year, led by a 15.36% surge in US-bound exports amid tariff concerns. Sri Lanka’s apparel and textile exports reached $394.14m in May 2026, a 7.96% increase from the same period last year. The growth was driven by stronger US demand, w

May 2026 shipments rose 7.96% year-on-year, led by a 15.36% surge in US-bound exports amid tariff concerns.

Sri Lanka’s apparel and textile exports reached $394.14m in May 2026, a 7.96% increase from the same period last year. The growth was driven by stronger US demand, with shipments rising 15.36% to $149.96m.

The rise follows a sluggish start to 2026 and comes as Sri Lanka faces a US Section 301 investigation into forced labor concerns. A potential 12.5% tariff on affected goods could impact future trade, with a public hearing scheduled for July 7.

Industry groups have until June 22 to request a hearing slot, marking a critical period for Sri Lanka to negotiate tariff terms and sustain export momentum.

Leave a Reply

Your email address will not be published. Required fields are marked *