Sri Lanka’s merchandise export earnings over USD 1,100 Mn in July

 

Earnings from the merchandise exports increased by 2.25 % year-on-year to USD 1,128.7 million in July 2022 as per the data released by the Sri Lanka Customs, the Export Development Board (EDB) says. 

Export of apparel & textiles has increased by 21.55% y-o-y to USD 550.05 million in July 2022. Meanwhile, export earnings from tea in July 2022, which made up 11% of merchandise exports, increased by 2.08% y-o-y to USD 117.52 million. 

Export earnings from seafood decreased by 48.99% to USD 20.65 million in July 2022 compared to July 2021. Further, export earnings from Ornamental fish decreased by 72.47% to USD 1.36 million in July 2022 compared to July 2021. 

In addition, export earnings from spices and essential oils decreased by 26.2% to USD 33.91 million in the month of July 2022 compared to month of July 2021 due to the poor performance in export of cinnamon (-17.45%), pepper (-38.36%), oleoresins (-4.78%) and cloves (-51.87%).