The Sri Lanka-America Chamber of Commerce (SLACCOM), America’s nationally founded conduit for the promotion of trade, commerce and investment between Sri Lanka and the US, initiated the twinning of Colombo Port City and the City of Las Vegas, latter the global convention capital, to the delight of Sri Lanka’s Board of Investment (BOI) chairman Raja […]
Sri Lanka records USD 798.9 Mn exports in April 2021
May, 20, 2021
Sri Lanka’s export performance continued its upward momentum in the first three months of 2021. Due to the Covid-19 pandemic induced lockdown last year, exports were contracted by a record 64.63 per cent in April 2020. However in April this year, exports grew up by 183 per cent to US$ 798.9 Mn in comparison to the previous year.
This growth could be attributed to the gradual lifting of Covid 19 restrictions imposed within the country and globally. It must be noted that the year-on-year growth in April 2021 was largely due to the negative growth a year ago.
Sri Lanka’s export performance continued its upward momentum in the first three months of 2021. Due to the Covid-19 pandemic-induced lockdown last year, exports were contracted by a record 64.63 percent in April 2020. However in April this year, exports grew up by 183 percent to US$ 798.9 Mn in comparison to the previous year. This growth could be attributed to the gradual lifting of Covid 19 restrictions imposed within the country and globally. It must be noted that the year-on-year growth in April 2021 was largely due to the negative growth a year ago.
The Export Development Board (EDB) Chairman Suresh de Mel said, “in comparison to the lowest point in April 2020, exports are up by 183% in April 2021. We thank the entire export community for serving the national economic needs at this vulnerable time. The EDB staff and I stand committed to help our exporters through this crisis in the best way possible”.
Sri Lanka’s exports show remarkable rise despite pandemic situation across world – EDB Chairman
April, 29, 2021
Sri Lanka’s Export Performance January - March 2021
Sri Lanka surpassed $ 1 billion exports in March 2021 after a lapse of six months period. As per the Customs statistics, earnings from merchandise exports recorded double digit growth of 62.47% in March 2021 on y-o-y comparison – the March figure being US$ 1,066.1 Mn.
Earnings from merchandise exports increased by 11.51% in first quarter 2021 to US$ 2,954.53 Mn compared to first quarter 2020.
This growth could be attributed to the gradual lifting of Covid 19 restrictions imposed within the country and globally.
Export Development Board (EDB) Chairman Suresh De Mel said; “Sri Lanka’s exports show a remarkable rise despite the current pandemic situation across the World”.
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