Sri Lanka’s 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.
This was mainly due to the increase in earnings from export of Apparel & Textiles, Coconut based products and Rubber based products, Export Development Board announced.. Further, a sizable increase was recorded in the exports of Electrical & Electronic Components and in the Seafood sector.
Sri Lankan merchandise exports grew to an all-time record for the month of April to US$ 915.3 Mn this year, surpassing the previous high of US$ 799 Mn achieved in 2021, Suresh D de Mel, Chairman - Export Development Board (EDB) said.
Exports of Apparel & Textiles increased by 22.12% y-o-y to US$ 445.79 Mn in April 2022. The increase was driven by both Apparel and Textiles. Strong Export Growth was recorded for top 5 export markets in the month of April 2022 and the period of January to April 2022.
During the month of April 2022, exports to United States, Sri Lanka’s single largest export destination, increased by 21.35% to US$ 249.02 Mn compared to the month of April 2021. The better performance was led by increase in exports of Apparel & Textile (13.2%), Rubber based products (35.3%) and Coconut based products (62.6%).
The single largest export destination of United States of America recorded US$ 1,097.66 Mn worth of exports in the period of January to April 2022 – a significant year on year increase of 19.23 % in comparison to US$ 920.6 Mn recorded in 2021.
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