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11-month merchandise exports down 17% Y-o-Y to $8.98b; higher dip compared with 15% negative growth Y-o-Y in Oct.
Performance in Nov. down 21% Y-o-Y to $747.58 m but slower dip month-on-month against Oct.
EDB says lower performance in Nov. due to adverse impact of second wave of COVID-19 locally and globally
Coconut and rubber-based products, spices perform stronger than expected
Exports to top 10 export markets down Y-o-Y in Nov. but shipments to CIS region up
By Charumini de Silva
Decline in exports has intensified as per latest monthly data, reinforcing global and local challenges faced by the sector due to COVID-19 pandemic.
The Export Development Board (EDB) yesterday announced that merchandise exports in November amounted to $747.58 million, down 21% from a year earlier (Y-o-Y), whilst in October the Y-o-Y dip was 15%.
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