{"id":126530,"date":"2022-06-27T15:39:25","date_gmt":"2022-06-27T22:39:25","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=126530"},"modified":"2022-06-27T15:39:25","modified_gmt":"2022-06-27T22:39:25","slug":"sri-lankas-exports-record-usd-5-billion-mark-in-five-months","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2022\/06\/27\/sri-lankas-exports-record-usd-5-billion-mark-in-five-months\/","title":{"rendered":"Sri Lanka\u2019s exports record USD 5 billion mark in five months"},"content":{"rendered":"

Courtesy Adaderana<\/em><\/span><\/h2>\n\n\n

Sri Lanka\u2019s exports recorded the USD 5 billion mark in the first five months of this year, according to the Export Development Board (EDB).<\/p>\n\n\n\n

Earnings from the merchandise exports increased by 9.9 % y-o-y to US$ 980.2 million in May 2022 as per the data released by the Sri Lanka Customs. <\/p>\n\n\n\n

This was mainly due to the increase in earnings from export of Apparel & Textiles, Coconut based products and Electrical & Electronic Components.<\/p>\n\n\n\n

Major product sectors except Spices & Concentrates, Tea and Rubber-based products; Apparel & Textiles, Coconut based products, Electrical & Electronic components and Food & Beverages, Seafood and Ornamental fish, recorded increased exports in May 2022.<\/p>\n\n\n\n

Exports of Apparel & Textiles increased by 30.1% y-o-y to US$ 482.7 million in May 2022. The increase was driven by both Apparel and Textiles.<\/p>\n\n\n\n

For the first five months of 2022, merchandise exports increased by 9.7% to US$ 2,400.6 Million compared to the corresponding period of 2021. <\/p>\n\n\n\n

Major product sectors except Tea, Rubber-based products and Spices & Concentrates; Apparel & Textiles, Coconut based products, Electronics & Electronic Components, Food & Beverages, Seafood and Ornamental fish, recorded increased exports.<\/p>\n\n\n\n

Apparel & Textile exports increased by 16.3% to US$ 2,400.6 Mn during the period of January to May 2022 compared to the same period of 2021. <\/p>\n\n\n\n

Except Gloves, Mitts & Mittens of Textile (-2.61%) and Made-up Clothing Accessories (-9.99%), Yarn (-32.7%) and Made-up Textile Articles (-3.04%), exports of other sub categories of Apparel & Textiles sector increased.<\/p>\n\n\n\n

Strong Export Growth recorded for top 5 export markets in the month of May 2022 and the period of January to May 2022.<\/p>\n\n\n\n

During the month of May 2022, exports to United States, Sri Lanka\u2019s single largest export destination, increased by 25.02% to US$ 266.42 Mn compared to the month of May 2021. The better performance led by increase in exports of Apparel & Textile (40.83%) and Coconut based products (29.69%).<\/p>\n\n\n\n

The single largest export destination of United States of America recorded US$ 1,364.08 Mn worth of exports in the period of January to May 2022 \u2013 a significant year on year increase of 20.32 % in comparison to US$ 1,133.71 Mn recorded in 2021.<\/p>\n\n\n\n

Click to Read Full Article…<\/a><\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Courtesy Adaderana Sri Lanka\u2019s exports recorded the USD 5 billion mark in the first five months of this year, according to the Export Development Board (EDB). Earnings from the merchandise exports increased by 9.9 % y-o-y to US$ 980.2 million in May 2022 as per the data released by the Sri Lanka Customs.  This was […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102],"tags":[],"class_list":["post-126530","post","type-post","status-publish","format-standard","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/126530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=126530"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/126530\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=126530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=126530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=126530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}