Country expects to earn USD 19 billion next year through export of goods and services

Sri Lanka expects to earn 19 billion US Dollars, in 2023, through the export of goods and services, the Ministry of Investment Promotion said on Wednesday.

The Ministry said the country will earn 14.8 billion US Dollars through the export of commercial goods. The remaining 4.2 billion US Dollars is expected to be earned through the export of services.

The Ministry has implemented several strategies to achieve this target. Among them are boosting the reputation of Sri Lankan exports, value addition and branding of products, increasing the exports to new markets, increasing the number of exporters, and increasing the efficiency of the export sector, the Ministry said in a statement.

The Government has allocated 700,000 US dollars (250 million rupees) for the year 2023, to carry out these strategies.