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Sri Lanka's exports grew to surpass $10 billion

Staff writer ▼ | January 24, 2014
Sri Lanka's exports in 2013 had a healthy rebound, growing by 6.2 percent to 10.3 billion after having suffered a dip of 7 percent in the 2012, the Industry and Commerce Ministry said in a statement.
Sri Lanka
Sri LankaSri Lanka's exports in 2013 had a healthy rebound, growing by 6.2 percent to 10.3 billion after having suffered a dip of 7 percent in the 2012, the Industry and Commerce Ministry said in a statement.


According to the latest provisional figures of the Export Development Board (EDB), cumulative exports earnings in 2013 stood at $10,379.94 million, growing by 6.2 percent from 2012's annual export revenues of $9.7 billion. High-performing export 'drivers' were agriculture products, apparels and industrial goods, which contributed to the turnaround.

Tea and fisheries product sectors made strong gains in 2013 with tea especially getting higher prices despite producing roughly the same volume, the statement said. As a year-on-year basis agriculture products grew by 10.3 percent to $2.5 billion, while Sri Lanka's largest export apparels grew by 13.31 percent to $4.5 billion.

Export crops rose by 42.9 percent to $522 million, and industrial products rose by 4.91 percent to $7.6 billion. Tea surged year-on-year by 9.22 percent to $1.5 billion and fisheries products rose by 19.14 percent to $244 million.

"Rubber, unclassified products, petroleum, gems and jewelry showed a slight decline, while manufacturing and coconuts showed very minute percentages of decline, while largely staying stable," the statement added.


 

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