Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka exports record highest first half earnings this year
Sat, Aug 2, 2014, 12:23 pm SL Time, ColomboPage News Desk, Sri Lanka.

Aug 02, Colombo: Sri Lanka's exports sector has recorded the highest first half earnings witnessed in five years for the January - June half of 2014.

Sri Lanka's January - June 2014 provisional exports has recorded the highest 1H earnings since 2010, registering US$ 5.41 billion. This is an increase of 45% from the 1H earnings of 2010 which stood at US$ 3.74 billion.

Exports earnings in in the first six months 2014 compared to the same period in 2010, within the five-year span manufacturing exports had surged almost 100%, followed by agro exports by 70%, industrial exports by 69%, fisheries exports by 65%, apparels by 57% and tea exports by 56%.

On a 1H YoY comparison of export regions, the highest exports growth is seen from the African region (41%), followed by EU (19%) and the Middle East (19%), US (17%), Central and Eastern Europe (15%), BRICS (14%), Latin America (12%), South Asia (11%) and CIS (6%). Leading five markets (countries) of exports on YoY in 1H 2014 are US, UK, Italy, India, and Germany.

Minister of Industry and Commerce Rishad Bathiyutheen has commended the country's apex export body, the Export Development Board (EDB) for the export earnings figures.

"Latest reports are good news for our US$20 billion goal, therefore we should commend our committed exporters for this achievement," Minister Bathiyutheen said when the EDB chairman Bandula Egodage briefed the Minister of the latest provisional export revenues.

The EDB is working towards achieving US$ 20 billion in exports earnings by 2020.

ColomboPage - Recent 10 Stories
Sri Lanka 2015 Budget highlights
-- [4 hours ago]
UN recognizes post war progress in Sri Lanka, works with government to resolve reconciliation issues
-- [6 hours ago]
Former Power and Energy Minister of Sri Lanka clears himself of Rs. 1.5 billion fraud in coal purchase
-- [6 hours ago]
New secretary to Sri Lanka Sports Ministry assumes duties
-- [7 hours ago]
Commonwealth Secretary-General to visit Sri Lanka tomorrow
-- [7 hours ago]
Murali Harmony Cup 2014to launch on 29 October in Sri Lanka's North
-- [8 hours ago]
President presents Sri Lanka's next year budget promising relief for all sectors
Sri Lanka's 2015 budget focused on long term development - Central Bank Governor
Sri Lanka joins China-led Asian Infrastructure Investment Bank
Sri Lanka hires eighth lobbying firm in the US

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.