Sri Lanka Targets $8 Bn Apparel Exports Amid Industry Revival 📈

The 15th Textile Series returns to Colombo (March 5-7, 2026), serving as a strategic hub to link global suppliers with Sri Lanka's apparel & textile sector as the nation sets ambitious growth targets. • Overall Export Performance Sri Lanka achieved a record US$ 17.3 Bn in total exports last year (+6% YoY). January 2026 data shows a massive surge, with export growth exceeding 30%. National target set at US$ 36 Bn in total export revenue by 2030. • Sector Breakdown: Apparel & Leather The apparel sector remains a cornerstone, generating US$ 5.3 Bn last year. Currently accounts for 32-35% of total national exports. Target: Reach US$ 8 Bn in annual apparel revenue by 2030. • Market & Trade Trends Core markets: USA, EU, and UK account for 50% of total exports. Growth prospect: Zero-tariff access to the UK (effective Jan 2026) is expected to boost the apparel trade significantly. Diversification focus: Expanding into ASEAN, Middle East, Africa, and underutilised markets like Japan, India, and China. • Investment & Future Outlook Raw material imports (yarn, fabric, chemicals) currently total ~US$ 2.7 Bn from key hubs like China, India, and Taiwan. Government aiming for 10-12% overall export growth in 2026. Flagship "Sri Lanka Expo 2026" announced for June 18-21 at BMICH—the first in 14 years.