Sri Lanka, March 28 -- Sri Lanka's apparel exports recorded a broad-based decline in February 2026, reflecting increasing pressure across key global markets. Total exports for the month fell by 11.46% year-on-year to US$ 361.2 million, with notable contractions in the EU (-19.48%), USA (-3.53%), UK (-5.67%), and other markets (-18.54%).

This trend extends into the cumulative performance for the first two months of the year, with total exports declining by 6.91% compared to the same period in 2025. While the USA and UK markets recorded relatively moderate reductions, the sharper slowdown in the EU and other regions points to weakening demand conditions and intensifying competition across export destinations.

Importantly, this is not a S...