Merchandise exports cross US$ 1 b mark for fifth time

Merchandise exports elevated by 35.9 p.c to US$ 1,160.62 million in October in comparison with the corresponding interval final 12 months as per the information launched by the Customs. Exports had been over one billion for the fifth time this 12 months.

EDB Chairman Suresh D. de Mel stated, “That is the highest-ever merchandise export determine in any October in our historical past. Opening Western markets along with sustained manufacturing in Sri Lanka may be attributed to this improve. I counseled our exporters for this excellent efficiency throughout these tough instances.”

Export earnings from attire and textiles rose 42.8 p.c y-o-y to US$ 509 million in October 2021 with robust efficiency within the export of attire (43.4%), woven materials (86.6%) and made-up textile articles (116.3%). On a year-on-year foundation, export of yarn and different textile articles declined by 26.4 p.c in October 2021 in comparison with October 2020.

Export earnings from rubber and rubber completed merchandise additionally elevated by 14.5 p.c y-o-y to $ 91.9 million, with robust efficiency within the export of commercial and surgical gloves (6.5%) and pneumatic and retreated rubber tyres and tubes (32.9%).

Export earnings from kernel merchandise, fibre merchandise and shell merchandise categorised below coconut-based merchandise elevated by 29.2%, 20.6% and 19.0%.

12 months-on-year, export earnings from desiccated coconut, coconut milk powder, coconut cream and liquid coconut milk categorised below the coconut kernel merchandise elevated by 73.9%, 13.2%, 54.2% and 23%. Nonetheless, earnings from the export of coconut oil decreased by 13.9 p.c being the biggest contributor to the coconut primarily based sector, coco peat, fibre pith and moulded merchandise that are categorised below the coconut fibre merchandise, elevated by 30.6 p.c to US$ 17.1 mn in comparison with October 2020. Earnings from activated carbon, which is categorised below coconut shell merchandise elevated by 20.4 p.c.

Export earnings from {the electrical} and electronics parts elevated by 87.3 p.c.

Export earnings from Seafood elevated by 57 p.c to US$ 24.5 mn. This improve was primarily as a result of improve in earnings from the export of frozen fish, shrimps and prawns, fish contemporary or chilled and different edible fish.

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