Sri Lanka’s export earnings have increased by ten per cent in August 2022. This was mainly due to the increase in earnings from exports of apparel and textiles.Exports of apparel and textiles increased by 15 per cent in August 2022. The increase was driven by apparel.
For the period of January 2022 to August 2022, merchandise exports increased by 12 per cent. Apparel and textile exports increased by 19 per cent. Except made-up clothing accessories, knitted fabrics, yarn and textile floor coverings, exports of other sub categories of the apparel and textiles sector increased.
Export earnings from tea in August 2022 increased by six per cent. This was mainly due to the higher export of tea packets. Export earnings from rubber and rubber finished products increased by eight per cent with better performance in exports of pneumatic and retreated rubber tyres and tubes. Export earnings from electrical and electronic components increased by 14 per cent with strong performance in exports of insulated wires and cables and other electrical and electronic products. Export earnings from seafood increased by 37 per cent. Except shrimps and lobsters, export earnings from frozen fish and fresh fish increased by 69 per cent and 56 per cent. Export earnings from ornamental fish increased by 140 per cent.