Sri Lanka's merchandise export earnings increase by 10 pct in August-Xinhua

Sri Lanka's merchandise export earnings increase by 10 pct in August

Source: Xinhua

Editor: huaxia

2022-09-27 20:52:15

COLOMBO, Sept. 27 (Xinhua) -- Sri Lanka's merchandise export earnings increased by 10.24 percent in August, the country's Export Development Board (EDB) said on Tuesday.

Merchandise export earnings stood at 1.21 billion U.S. dollars in August. This was mainly due to the increase in earnings from export of apparel and textiles, which rose by 15.03 percent.

EDB Chairman Suresh De Mel congratulated the exporters for their great efforts to increase foreign exchange earnings for Sri Lanka during this critical period.

Apart from Apparel and Textiles, other sectors such as tea, rubber-based products, electrical and electronic components, spices and concentrates diamonds, gems and jewelry, food and beverages, seafood and ornamental fish, too, saw increases in export earnings, the EDB said.

Meanwhile, the estimated value of services exports for the period of January to August 2022 was 1.3 billion dollars, increasing 5.58 percent over the corresponding period of 2021.