Sri Lanka exports grow 11-pct up to September 2022 | Sinhala News

Sri lanka News – Sri Lanka’s merchandise exports in September 2022 grew 5.75 percent from a year earlier to 1,093.9 million US dollars, driven by apparel & textile, and tea products the island’s export promotion office said.

In the nine months to September, exports were up 11.83 percent to 10 billion US dollars.

Sri Lanka is currently in the worst currency crisis in the history of the island’s soft-pegged central bank with the rupee collapsing from 200 to 360 in a failed attempt to float the currency (suspend convertibility) with a surrender rule in place.

At 370 the surrender rule and dollars sales continue.

Exports of Apparel & Textiles grew 5 percent to 479.88 million dollars in September 2022.

Tea exports in September gained 13.16 percent to 117.82 million US dollars.

Export earnings from Rubber based products have decreased by by 14.47 percent to 82.19 dollars, EDB said exports of pneumatic & Retreated Rubber Tyres & Tubes did not perform well.

Coconut products fell 6.35 percent to 65.89 million dollars.

Export of Seafood dipped by 25.00 percent to 16.95 million dollars.

“Except Shrimps & lobsters, export earnings from Frozen fish and Crabs increased by 2.68% and 94.03% respectively in September 2022,” EDB said.The top buyer of Sri Lanka goods was the United States accounting for 274.16 million US dollars, followed by the UK 76.37 million US dollars and India 71.57 million US dollars. (Colombo/Oct25/2022)

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