Over US$ 1 Bn in Merchandise exports for July

Sri Lanka’s merchandise exports increased by 2.18% to US$ 1,027.2 million in July 2023, compared with June 2023,  as per the provisional data released by the Sri Lanka Customs. However, it is a 11.79% decrease when compared with that in July 2022. This decline in merchandise exports is due to the reduced demand in export other products, especially in Apparel and Textiles, Rubber based products and Coconut and Coconut based products, caused by geopolitics, including the Ukraine-Russian conflict.

Meanwhile, export earnings from Electrical and Electronic Components (EEC) increased by 10% to US$ 296.58 million, for the period January-July 2023 compared with the corresponding period in 2022.

Export earnings from Printed Circuits, Switches/Boards & Panels, Boilers/Piston Engines/Pumps & Vacuum Pumps and Other Electrical & Electronic Products increased by 49.86%, 13.28% and 827.71% respectively, for the period January-July 2023, compared with the corresponding period in 2022.

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