Subscribe

January-October exports top US $ 9.1bn

2014-12-10 04:23:01
0
27627

Sri Lanka’s January – October YoY exports have improved 9 percent while an export product that recently faced volatile EU markets showed a promising turnaround, a statement by Industry and Commerce Ministry said.“For the month of October 2014 alone our provisional exports were at US $ 900 million and this is only merchandise exports without taking into account service exports such as ICT,” Export Development Board CEO/ Chairman Bandula Egodage said.Egodage was commenting on the provisional top-line export data presented to him by his directors at a progress review session at EDB yesterday.

 


Accordingly, January-October provisional merchandise (only) exports this year topped US $ 9.1 billion, rising by 8.8 percent from last year’s January-October total of US $ 8.36 billion.Service exports values such as ICT/BPM exports are not included in Jan-October 2014 values and are awaited by EDB as they are still being processed by other relevant agencies.

 


The leading markets for Sri Lanka in Jan-Oct 2014 have been United States, UK, Italy, India, and Germany respectively.Italy appears to overtake India to become the third largest export market as provisional exports to Italy jumped by a strong 29 percent.US continues to remain the largest export market for Sri Lanka with close to a quarter of Jan-Oct 2014 exports (US $2.2bn) heading there. About 73 percent of Jan-Oct exports were industrial products while the rest were from agricultural products (25 percent) and fisheries (2 percent). Meanwhile, fishery products that recently faced volatile EU markets, showed a promising turnaround as per latest data.

 


January-October 2014 exports of edible fish alone have increased by 12 percent to US $ 211 million from US $ 188 million in Jan-October 2013. Total edible fish exports for 2013 was recorded at US $233 million while other fish and fishery exports in the same year topped US $244.4 million.


  Comments - 0

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.
Name is required

Email is required
Comment cannot be empty

Marine biologist from Sri Lanka wins at British Council’s first-ever Global Alumni Awards

Friday, 25 May 2018 09:31
0
180

Following prestigious national awarding ceremonies hosted by the British Ambassador/High Commissione


Anticipation builds for John Mattone Live in Sri Lanka

Friday, 25 May 2018 09:14
0
96

The Sri Lankan corporate sector has commenced the countdown to the arrival of best-selling author Jo


CEB strengthens Maintenance Management Process with ACECAM

Thursday, 24 May 2018 13:37
0
222

Ceylon Electricity Board (CEB) is the leading state-owned organization in using Computerized Mainten


More News