Sri Lanka’s exports rise 4.67% YoY in August 2024

Sri Lanka’s total exports for August 2024 reached $1.4 billion, representing a 4.67 per cent increase compared to the same month last year.

According to the Export Development Board (EDB), merchandise exports in August 2024 amounted to $1.1 billion, a 4.18 per cent increase over the previous year.

This growth was primarily driven by increased earnings from apparel and textiles, tea, rubber-based products, coconut-based products, spices, and concentrates.

Apparel and textiles exports surpassed the $500 million mark for the first time in two years in August 2024.

Services exports for August 2024 were estimated at $318.77 million, showing a 6.49 per cent increase compared to the corresponding period in 2023.

Attribution: Xinhua

Subediting: M. S. Salama