INSUBCONTINENT EXCLUSIVE:
The Sri Lanka Export Development Board (EDB) says that earnings from the merchandise exports have increased by 10.24 % y-o-y to US$ 1,213.7
de Mel congratulates the exporters for their great effort to increase foreign exchange earnings for Sri Lanka during this critical
sectors except Coconut based Products; Apparel - Textiles, Tea, Rubber based products, Electrical - Electronic components, Spices -
Concentrates Diamonds, Gems - Jewellery, Food - Beverages, Seafood - Ornamental fish as shown in the table 1 below, recorded increased
exports in August 2022.Exports of Apparel - Textiles increased by 15.03% y-o-y to US$ 565.37 million in August 2022
The increase was driven by Apparel, it said.Export earnings from tea in August 2022 which made up 11% of merchandise exports, increased by
6.52% y-o-y to US$ 124.41 million
This was mainly due to the higher Export of tea packets (11.42%).Export earnings from Rubber and Rubber Finished products have increased by
8.11% y-o-y to $ 99.83 million in August 2022, with better performance in exports of Pneumativ - Retreated Rubber Tyres - Tubes (24.03%).The
estimated value of services exports for the period of Jan-August 2022 was 1,310.05 Million dollars, increasing 5.58 % over the corresponding
This article first appeared/also appeared in https://adaderana.lk
