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Monday, February 09, 2015 - 05.39 GMT

Provisional annual exports rise by 7%


As Sri Lanka’s latest provisional export data showed a Year over Year (YoY) exports growth of 7%, the country moved the multinational corporate communications man who led its exports in Y2014 to re-champion its drive in the new era.

“We are to expanding our exports and recovering the lost GSP plus facilities. I have no doubt that the new EDB Chairman Egodage will continue to serve the people of Sri Lanka on these targets,” said Industry and Commerce Minister Rishad Bathiudeen.

Minister Bathiudeen was addressing the event where Bandula Egodage was reappointed as Chairman and CEO of EDB last week.

Minister Bathiudeen said, “I commend your efforts to increase Sri Lanka’s exports in 2014. I am also pleased to note that we have a total $11bn of 2014 annual provisional merchandise exports just released by EDB, which is a year on year increase of 7% compared to 2013.”

“I thank you for appointing me to lead Sri Lanka’s export drive” said Egodage. “I will strive my best to deliver on the exports goals of President Maithripala Sirisena and shall continue on our market and product diversification strategy.”

Sri Lanka’s exports continued on its growth trend in 2014 and, as per the latest provisional merchandise only top line data, Sri Lanka’s exports for Y’14 totalled $11.079bn, rising YoY by 6.67%. These provisional numbers do not reflect the service exports values and therefore, actual exports numbers are expected to be much higher. Accordingly, apparels earned $4.9bn (rising by 9.26%) in 2014, industrial products at $8bn (rising by 6.1%), tea at $1.6bn (rising by 5.43%), agriculture products at $2.7bn (rising by 9%), and manufactured products at $2.4bn (rising by 9%).





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Last modified: February 09, 2015.

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