Sri Lanka's Apex Organisation for Export Promotion
Sri Lanka’s merchandise exports decreased by 1.96 % to US$ 1,037.5 Million in March 2023 compared to March 2022. Moreover, it is a 5.14 % decrease when compared to March 2021. Less demand created for major products in major markets due to the current economic situation further continues.
United Nations Industrial Development Organization (UNIDO) and the Delegation of German Industry and Commerce (AHK Sri Lanka) together with the Sri Lanka Export Development Board (EDB) organized an awareness program for Sri Lankan exporters in preparation for the forthcoming German Act on Corporate Due Diligence in Supply Chains that came into force in Germany from 1st January 2023. The initiative aimed to increase awareness regarding the new law in Germany, and outline the challenges and opportunities for Sri Lankan Export Industries.
Export Development Board of Sri Lanka (EDB) new Chairman Dr. Kingsley Bernard yesterday revealed plans to achieve $ 31.3 billion target by 2027 thereby heralding much-needed dollar earnings to overcome the prolonged foreign exchange dearth and stabilise the economy.
Veteran Export Professional Dr. Kingsley Bernard assumed Chairmanship of the Sri Lanka Export Development Board (EDB) on 3rd April 2023.
Sri Lanka’s merchandise exports decreased by 8.06 % to US$ 1,005.2 Million in February 2023 compared to February 2022 as per the data released by the Sri Lanka Customs. However, it is a 5.62% increase when compared to February 2021.
The official delegation from the Department for International Trade in the UK visited the Sri Lanka Export Development Board (EDB) on 16th March 2023 to discuss the opportunities for Sri Lanka’s export sector under Developing Countries Trading Scheme (DCTS) to be launched by the Government of UK. Ms. Sofie Kinsey, Trade Preferences Policy Manager for Sri Lanka, Mr. Fabian Hartwell, Overseas Trade Policy Advisor for South Asia, and Ms. Asanthi Fernando, Deputy Head of Trade & Investment at the British High Commission in Colombo participated in the discussions at the EDB with the objective of identifying potential export sectors for Sri Lanka to expand in the UK market utilizing the UK DCTS.
The Sri Lanka Export Development Board (EDB) recently conducted an awareness seminar on “Facilitation of agricultural exporters under the Temporary Import for Export Processing (TIEP) Scheme”with the participation of 85 export companies from the agricultural sector.
A delegation from Sri Lanka participated in the BIOFACH Trade Fair, the world’s largest annual organic food products trade show held from 14-17 February 2023 in Nuremberg, Germany. This annual trade fair held since 1990 attracts food industry professionals from across the world. This year, 2,765 exhibitors from 95 countries participated in the trade fair. The fair was also attended by 36,000 trade visitors from 135 countries. Germany is one of the largest organic food markets in the world and BIOFACH figures show that the organic sector recorded revenues of €15.3 billion for the German organic market in 2022. In Europe, Germany is the largest market for organic products as well as the largest organic producer. In addition, veganism is increasingly popular in Germany creating export opportunities for meat and dairy substitutes as well as breakfast foods.
Sri Lanka’s merchandise exports decreased by 8.98 % to US$ 1,001.9 Million in January 2023 compared to January 2022 as per the data released by the Sri Lanka Customs. However, it is a 6.97% increase when compared to January 2021
A high-level business Delegation from the Sverdlovsk Regional Government of Russian Federation visited Sri Lanka for a three-day programme from 23rd to 26th January 2023. Mr. Vladimir Smirnov, Honorary Consul of Sri Lanka in Sverdlovsk Region led the Business delegation which included prominent business leaders from the Region.
Earnings from the merchandise exports decreased by 9.7 % y-o-y to US$ 1,044 Mn in December 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, and Coconut based Products, Food & Beverages, Spices & Essential Oils and Fisheries products.
Sri Lanka Export Development Board presents its flagship statistical publication “Export Performance Indicators 2021”. The latest edition provides statistical information related to Sri Lanka’s external trade and its contribution to major economic indicators such as trade balance, GDP and individual sectoral involvement for the year 2021 and five preceding years.
The Sri Lanka Export Development Board (EDB) signed a memorandum of understanding with the Swiss Import Promotion Programme (SIPPO) which operates under the State Secretariat for Economic Affairs (SECO) of Switzerland on 22nd December 2022.
Export Development Board (EDB) in collaboration with the Sri Lanka Embassy in Vietnam arranged the first-ever participation of Sri Lankan businesses at the 20th edition of Viet Nam Expo, which was held from 1st to 3rd December 2022 at Sai Gon Exhibition & Convention Center (SECC) in Ho Chi Minh City.
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.
Sri Lanka Export Development Board (SLEDB) in collaboration with the Embassy of Sri Lanka in Paris successfully organized Sri Lanka participation at the SIAL Paris – 2022 exhibition held from 15th to 19th October 2022 in Parc Des Expositions- Paris Nord Villepinte in Paris.
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).
Sri Lanka Export Development Board (EDB) in collaboration with the Canada Sri Lanka Business Convention and Ceylon Chamber of Commerce organized a business-to-business (B2B) meeting programme recently at the Cinnamon Grand Hotel, Colombo 02.
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.
