Sri Lanka's Apex Organisation for Export Promotion
As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in June 2024 amounted to US$ 1,031.2 million, recorded an increase of 2.58 % compared to the month of June 2023. This was mainly due to the increase in earnings from export of Apparel & Textiles, Tea, Rubber based products, Coconut based products, Food & Beverages and Spices & Concentrates.
The Sri Lanka Export Development Board (EDB) recently hosted a workshop on the Fair Trade Certification Process in Sri Lanka bringing 02 prominent certification entities to a one platform. The workshop aimed to educate Sri Lankan producers and exporters about Fair Trade certification processes and the importance of acquiring such certification.
Switzerland’s State Secretariat for Economic Affairs (SECO) and the Swedish International Development Cooperation Agency (SIDCA) together with the International Trade Center (ITC) made arrangements to launch the “Second phase of the Global program on Textile and Clothing (GTEX2)” in Sri Lanka to ehnace the capabilities of the Sri Lanka apparel sector to increase its presence in global market.
As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in May 2024 amounted to US$ 960.2 million, recorded an increase of 9.4 % compared to the preceding month, April 2024. Furthermore, export performance in May 2024 decreased by 5.81 % compared to May 2023. Figure 1 shows Monthly Merchandise export performance from the year 2021 to May 2024.
The Sri Lanka Export Development Board (EDB), Sri Lanka Apparel Sourcing Association (SLASA), Sri Lanka High Commission in the UK, and Joint Apparel Association Forum (JAAF) have collaboratively organized an unique export promotion programme titled “Sourced Sri Lanka” – Textile & Apparel Roadshow in the UK.
The Sri Lanka Export Development Board (EDB), in collaboration with the Institute for Future Creations (TIFC) and other relevant stakeholders, including the London College of Fashion (UAL) and the Chamber of Ethical Lifestyle Enterprises (CELE), recently launched the "Creative Sri Lanka 2030" project during a ceremony held at the EDB head office. The event brought together key stakeholders from the government, private sector, and civil society to celebrate the beginning of the program and strategize its successful execution.
The total exports (Merchandise & Service) for the month of April 2024 was recorded as US$ 1,114.22 Million increasing 1.25 % over the corresponding period of 2023.
A prominent delegation of 30 members of China National Garment Association (CNGA), led by Executive Vice President of XIE QING and Ningbo Garment Association Vice president and Secretary General MAO YIHUA met the Chairman/ CEO, EDB
In a landmark move aimed at propelling Sri Lanka’s export sector to new heights, the Sri Lanka Export Development Board (SLEDB) and People’s Bank have entered into a strategic partnership.
The merchandise export performance in March 2024 amounted to US$ 1,138.9 million, recorded an increase of 9.77 % compared to March 2023. Furthermore, export performance in March 2024 increased by 7.51 % compared to the preceding month, February 2024. Figure 1 shows Monthly Merchandise export performance from the year 2021 to March 2024.
In a significant move towards attracting export-oriented businesses to Port City Colombo, CHEC Port City Colombo (Pvt) Ltd recently entered into a partnership with the Sri Lanka Export Development Board (EDB).
The merchandise export performance in February 2024 amounted to US$ 983.7 million, recorded a modest increase of 0.17 % compared to February 2023. Furthermore, export performance in February 2024 increased by 1.3% compared to the preceding month, January 2024.
The Sri Lanka Export Development Board (EDB) in collaboration with the Ministry of Industries and Department of Commerce organized a seminar on “Exploring Opportunities and Implications of the Sri Lanka-Thailand Free Trade Agreement" at the Auditorium of Postgraduate Institute of Management (PIM) on 29th February, 2024 for Sri Lankan exporters.
The merchandise export performance in January 2024 amounted to US$ 970.7 million, recorded a 0.77 % decline compared to January 2023.
Considering Sri Lanka’s reputation for its manufacturing excellence with extensive operations in South Asia, the Sri Lanka Export Development Board (EDB) in collaboration with Sri Lanka Missions in the USA organized the Sri Lanka Country pavilion at “Sourcing at Magic Exhibition” in Las Vegas, USA, which was held recently with the participation of eleven (11) Sri Lankan companies.
In Sri Lanka’s pursuit of transforming into a high-income country by 2048 involving trade negotiations with countries like Thailand, the Sri Lanka Thailand Free Trade Agreement (SLTFTA), was signed, during the visit of Thai Prime Minister Hon. Srettha Thavisin and his delegation of business dignitaries today (03/02/2024) at the Presidential Secretariat.
The Sri Lanka Export Development Board (EDB), in collaboration with the Sri Lanka Apparel Sourcing Association (SLASA), the Sri Lanka High Commission in the UK, and the Joint Apparel Association Forum (JAAF), is organizing the 'Sourced Sri Lanka – Textile & Apparel Roadshow' scheduled to take place June 2024 in London.
Sri Lanka’s total exports reached US$ 14.94 Bn in 2023 including merchandise exports (US$ 11.85Bn) and estimated service exports (US$ 3.08 Bn). It is only a 0.39 % decline when compare to the value recorded in previous year (US$ 14.99 Bn). Estimated increase in service exports is around 63%.
In a Strategic move to promote International Fair Trade and foster global cooperation, Sri Lanka officially signed the Framework of Cooperation (FOC) with international fair trade networks in Colombo recently. The signing ceremony, attended by representatives from major fair trade and supporting organizations, took place at the Colombo Ramada Hotel.
Sri Lanka’s merchandise exports increased by 4.4% to US$ 968.8 Million in November 2023 compared to October 2023 as per the provisional data released by the Sri Lanka Customs.However, it is a 2.67 % decrease when compared to the value recorded in November 2022.
