Sri Lanka's Apex Organisation for Export Promotion
Earnings from the merchandise exports decreased by 8.18 % y-o-y to US$ 1,094.8 Mn in October 2022 as per the data released by the Sri Lanka Customs. This was mainly due to the decrease in export earnings from Apparel & Textiles, Tea, Rubber based Products, Coconut based Products, Spices & Essential Oils and Fisheries sector. Further, the impact of global crisis also affecting to decrease export earnings of major products.
The Sri Lanka Export Development Board (EDB) in collaboration with Sri Lanka Tourism Promotion Bureau, Board of Investment and Sri Lanka Tea Board has made arrangements to organize a virtual Sri Lanka Country Pavilion at the 5th China International Import Expo (CIIE).
China International Import and Export Fair, (Canton Fair) - 2022, organized as a hybrid event with the participation of companies all over the world, got underway on 15th October, 2022. The International Pavilion of the event is organized through an online platform due to the prevailing travel restrictions in China, and it consists 50 different sections under 16 categories.
Earnings from the merchandise exports increased by 5.75 % y-o-y to US$ 1,093.98 Mn in September 2022 as per the data released by the Sri Lanka Customs. This was mainly due to the increase in export earnings from Apparel & Textiles, Tea, Gems & Jewellery, Electrical & Electronic Components and Spices & Essential Oils.
Stressing the importance of providing a business conducive environment, “the government is focused and has given the highest recognition to exports and investments – to create employment, enhance foreign exchange earnings with economic and social benefits to our people”, the State Minister for Investment Promotion, Hon. Dilum Amunugama said, expressing his views at a meeting held with the Chairmen and representatives of EDB’s Advisory Committees on Thursday, October 14th, at the BOI Auditorium in Colombo.
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. This was mainly due to the increase in earnings from export of Apparel & Textiles.
Earnings from the merchandise exports increased by 2.25 % y-o-y to US$ 1,128.7 Mn in July 2022 as per the data released by the Sri Lanka Customs. This was mainly due to the increase in earnings from export of Apparel & Textiles.
The Sri Lanka Export Development Board (EDB) organized an informative webinar on “Opportunities in the Israeli Market” in collaboration with the Embassy of Sri Lanka in Israel together with the support of the Federation of Israeli Chambers of Commerce (FICC) and Israel – Sri Lanka Chamber of Commerce on 03rd August, 2022.
The USA market has become extremely viable for Sri Lanka as US buyers are looking to diversify their main supply source. USA is the major export market for Sri Lanka apparel, with an export earnings of US$ 2.12 Bn in 2021 and accounting for 39% of the total apparel exports to the world and 69% of the total product exports to USA from Sri Lanka.
Earnings from the merchandise exports increased by 20 % y-o-y to US$ 1,208.2 Mn in June 2022 as per the data released by the Sri Lanka Customs. This was mainly due to the increase in earnings from export of Apparel & Textiles, Rubber based products, Coconut based products, Food & Beverages and Seafood.
Earnings from the merchandise exports increased by 9.9 % y-o-y to US$ 980.2 Mn in May 2022 as per the data released by the Sri Lanka Customs. This was mainly due to the increase in earnings from export of Apparel & Textiles, Coconut based products and Electrical & Electronic Components.
Earnings from the merchandise exports increased by 11.87% y-o-y to US$ 915.3 Mn in April 2022, the highest monthly value recorded for the month of April.
Sri Lanka’s merchandise exports increased by 9.91% to US$ 1,046 Million in February 2022 compared to February 2021 as per the data released by the Sri Lanka Customs. Further, it is a 5.8% increase when compared to February 2020.
Sri Lanka’s merchandise exports increased by 13% to US$ 1,062.63 Million in January 2022 compared to January 2021 as per the data released by the Sri Lanka Customs. Further, it is a 5.7% increase when compared to January 2020.
Trade Minister Hon Bandula Gunawardhana presented cheques and certificates to potential and existing exporters who were selected as beneficiaries under several EDB-led assistance schemes on 28th January, 2022, during a function held at JAIC Hilton hotel. The beneficiaries were chosen under the EDB assistance programmes on National Export Brand Development, New Exporter Development, and Market Access Support.
Sri Lanka’s merchandise exports increased by 16.71% to US$ 1,125.69 Million in December 2021 compared to December 2020 as per the data released by the Sri Lanka Customs. In parallel, 12.48% increase recorded in December 2021 compared to December 2019.
Sri Lanka’s merchandise exports increased by 55.11% to US$ 1,215.6 Million in November 2021 compared to November 2020 as per the data released by the Sri Lanka Customs. Exports maintained above one billion dollars for the fifth consecutive month in November this year.
As the country’s exports continue to recover from the COVID-19 pandemic, the Sri Lanka Export Development Board (EDB) remains confident of the future prospects of the country’s export sector, with its focus to break into premium markets.
Last year, the Export Development Board (EDB) could not hold the Presidential Export Awards for financial year 2019/2020 due to the outbreak of COVID-19 and therefore it was held as a combined awards scheme this year.
Sri Lanka’s merchandise exports increased by 35.9% to US$ 1,160.62 Million in October 2021 compared to October 2020 as per the data released by the Sri Lanka Customs. Exports maintained above one billion for the fifth time this year.
