The share of the Sri Lankan apparel as a percentage of total exports has declined over the years. In 2000, apparel exports accounted for 49% of total exports of the country and by 2011the share has dropped to 38%. The two main export destinations for apparel from Sri Lanka are the European Union (EU) and United States of America (USA).  The EU accounts for nearly 50% and USA for nearly 40% (Chart 1). USA is the second largest export destination of Sri Lanka after the EU. The share of the USA as a percentage of total exports of Sri Lanka has also declined over the years. In 2000, USA accounted for nearly 40% of total exports of Sri Lanka and in 2011 accounted for only 20%. Apparel is the main export item destined to USA accounting for nearly 80% of total exports from Sri Lanka to USA (chart 2). Performance of Sri Lankan apparel in the US market during the first three quarters of 2012 According to the export statistics released by the Central Bank of Sri Lanka export earnings from textile and garments have declined by 4.3% during the first three quarters of 2012.]]>

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