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January-October exports top US $ 9.1bn

10 December 2014 04:23 am - 0     - {{hitsCtrl.values.hits}}

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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.


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Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

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