Sri Lanka exports surged 14 percent in first eight months of 2014

Sep 26, 2014 (LBO) – Sri Lanka’s exports have surged by 14.3 percent to 7.34 billion US dollars in the first eight months of 2014 in comparison to 2013 January-August official of Industry and Commerce of Sri Lanka said.

The eight months increase of 2014 have been led by agricultural products at 1.778 billion dollars up by 3.1 percent while manufacturing at 1.623 billion dollars up by 2.5 percent, apparel at 3.24 billion dollars up by 0.65 percent, industrial products at 5.343billion dollars up by 0.91%, Ceylon tea at 1.07 billion dollars grew by 3.09 percent.

Coconut exports grew 4.2 percent to 356 million dollars and other export crops at 315 million dollars, up by 4.7 percent.

Due to international rubber price decline, natural rubber exports show a decline, the ministry said in a media release.

As committed exporters, it is your valuable efforts that can help us, to move our target, of 20 billion US dollar exports, by 2020,said Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka.

He was speaking at the fifth national exporter’s forum organised by the Export Development Board yesterday (25) in Colombo.

More than 110 exporters and Chamber reps have thronged the f