Lankapage Logo CP 22 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka increased exports by 23% amidst challenging environment - Trade Minister
Sat, Jan 29, 2022, 12:36 am SL Time, ColomboPage News Desk, Sri Lanka.

Jan 28, Colombo: Trade Minister Dr. Bandula Gunawardena said Sri Lanka increased exports by 23% amidst challenging environment faced both locally and globally.

Speaking at a media briefing held in Colombo on "Sri Lanka’s export growth in the year 2021" the Minister said that despite the global economic downturn since 1930, achieving such a growth rate in the country’s export sector will strengthen the country’s economy.

He said for the first time in the history of Sri Lanka’s exports, the total exports of goods in 2021 exceeded US $ 15 billion mark and the monthly export earnings exceeded the billion dollar mark in eight months of the year.

“The government, led by the President Gotabaya Rajapaksa, has taken steps to expedite the vaccination of all parties in the export sector, even during the closure of the country, and has made it possible for all companies to carry out their manufacturing activities using proper hygiene practices within their institutions, and these export earnings were earned through an excellent methodology compared to other countries,” Minister Gunawardena noted.

Accordingly, the Minister expressed his gratitude and appreciation to all the exporters who have gone on to earn such an income while safeguarding all those working in their factories.

Sri Lanka’s export sector was able to increase its total commodity exports by 24.17% in 2021, with an increase of US $ 2.78 billion compared to 2020, the Minister said.

Suresh D. Mel, Chairman, Export Development Board, making a detailed presentation on the revenues for the years 2020 and 2021 said Sri Lanka’s exports of goods and services earned US $ 15.1 billion in 2021, a growth of 23% over US $ 12.34 billion in 2020.

Accordingly, the Export Development Board’s revised export forecast for 2021 is US $ 15.12 billion. He further stated that the country’s export sector has achieved 96.2% of the export target in 2021.

 

ColomboPage - Recent 10 Stories ::
Tanker owners request IGP to provide security to bowsers delivering fuel
-- [7 hours ago]
ADB, AIIB, WB to support Sri Lanka under a joint action plan to mitigate impact of the economic crisis
-- [8 hours ago]
$ 7 million will be paid for two gas ships Monday - Litro Chairman
-- [8 hours ago]
CSE Director Board appoints a new Chairman
-- [9 hours ago]
Police nab two suspects with 450 kilograms of Kerala cannabis
-- [9 hours ago]
Public urged not to block roads on GCE O/L examination days
Five more SLFP members to join the government
Public protest at Galle Face continues for the 43rd day
A proposal from the Speaker to the Prime Minister to revive the economy
CID records statements from senior police officers, including the IGP and the STF chief

Copyright © 2000, 2020 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.