Sri Lanka achieves US$ 15 bn export target for 2021

Sri Lanka’s merchandise exports increased by 16.71% to US$ 1,125.69 million in December 2021 compared to December 2020 as per the data released by the Sri Lanka Customs. In parallel, 12.48% increase recorded in December 2021 compared to December 2019.

Exports maintained above one billion dollars for the sixth consecutive month in December this year.

Export earnings from Apparel & Textile have increased by 17.88 % y-o-y to $ 531.05 million in December 2021 with strong performance in exports of Apparel (17.56%) and Woven Fabrics (86.18%). On a year-on-year basis, exports Made-Up Textile Articles declined by 31.14% respectively in December 2021 in comparison to December 2020.

Export earnings from Rubber and Rubber Finished products have increased by 17.57 % y-o-y to $ 93.49 million in December 2021, with strong performance in exports of Pneumatic & Retreated Rubber Tyres & Tubes (39.92%).

Export earnings of kernel products, fiber products and shell products categorized under the Coconut based increased by 30.15%, 6.3% and 46.3% respectively in December 2021 compared to December 2020.

Year-on- year, export earnings from Coconut Oil, Desiccated Coconut, Coconut Milk powder, Coconut cream and Liquid Coconut Milk categorized under the Coconut Kernel Products increased by 8.15%, 50.62%, 40.27%, 18.69% and 33.98% respectively in December 2021.