Sri Lanka’s shirt exports to the US have seen a consistent drop in average unit prices, declining by 11.98 per cent to $8.96 in early 2024 from $10.18 in 2022.
Export volumes and values also fell, impacted by weaker demand from US brands.
Export values decreased 29.48 per cent from 2022 to 2023, marking a significant challenge for Sri Lankan exporters amid fluctuating global market conditions.