Sri Lanka's export earnings rise by 10.24%

by Amani Nilar 04-10-2022 | 4:00 PM

COLOMBO (News 1st) - Earnings from the merchandise exports increased by 10.24 % y-o-y to US$ 1,213.7 Mn in August 2022 as per the data released by the Sri Lanka Customs.

According to the Export Development Board, this was mainly due to the increase in earnings from export of Apparel and Textiles.

Major product sectors such as Apparel and Textiles, Tea, Rubber based products, Electrical and Electronic components, Spices and Concentrates Diamonds, Gems and Jewellery, Food and Beverages, Seafood and Ornamental fish recorded increased exports in August 2022.

Strong Export Growth recorded for top 10 export markets in the period of January to August 2022.

The single largest export destination of United States of America recorded over US$ 2 billion worth of exports in the period of January to August 2022 – a significant year on year increase of 21.19 % in comparison to US$ 1.9 billion recorded in 2021.

Exports to United Kingdom as the second largest trading partner recorded an increase of 12.91 % to US$ 682.56 Mn during the period of January to August 2022 compared with the corresponding period of previous year.