Sri Lanka records USD 884Mn exports in May 2021

Sri Lanka’s export sector performance has been able to manage its growth momentum in May 2021 with the challenges of the Covid-19 pandemic.

As per the statistics released by Sri Lanka Customs, Sri Lanka’s merchandise exports in May 2021 were US$ 884.2 Million, an increase of 50.71% over US$ 586.7 Million in May 2020.

Sri Lanka’s merchandise exports in January-May 2021 was US$ 4,583.56 Million, an increase of 32.61% over US$ 3,456.32 Million in January-May 2020.

Merchandise Export Performance                                                                              Values in US$ Mns

Exports of Goods Jan-May 2019 Jan-May 2020 Jan-May 2021 % Growth (20-21) May 2020 May 2021 % Growth (20-21)
 Apparel 2,248.68 1,534.61 2,064.17 34.51 218.83 370.87 69.48
 Tea 571.77 456.72 526.62 15.30 108.28 109.23 0.88
 Rubber-based products 376.33 280.31 424.47 51.43 51.19 91.18 78.12
 Coconut-based products 259.50 216.63 317.19 46.42 51.80 66.71 28.78
 Electronics & Electronic Components 162.26 113.07 164.28 45.29 21.66 35.19 62.47
 Spices and Concentrates 119.65 82.77 162.01 95.74 19.29 25.24 30.84
 Food & Beverages 158.57 124.70 147.66 18.41 23.88 30.23 26.59
 Diamond, Gems & Jewelery 134.50 61.04 107.04 75.36 6.61 14.19 114.67
 Seafood 122.18 74.79 90.60 21.14 11.53 15.05 30.53
 Ornamental Fish 6.91 4.40 5.94 35.00 0.46 0.90 95.65
 Other Export Crops 11.82 29.85 23.53 -21.17 5.08 4.53 -10.83
 Vegetables 13.53 9.66 9.57 -0.93 1.75 1.74 -0.57
 Fruits 17.97 14.19 14.82 4.44 2.83 2.84 0.35
 Flowers & Foliage 8.36 5.16 5.69 10.27 0.80 0.94 17.50
 Boat Building 2.86 1.33 1.48 11.28 0.42 0.53 26.19
 Petroleum Products 133.45 141.01 51.12 -63.75 27.07 27.71 2.36
 Others 497.38 306.08 467.37 52.70 35.22 87.14 147.42
 Total Merchandize Exports 4,845.72 3,456.32 4,583.56 32.61 586.70 884.22 50.71

Top 10 Export Destinations

  Country Jan-May 2020 Jan-May 2021 % Growth (20-21) May  2020 May 2021 % Growth (20-21)
1 United States 905.10 1,133.71 25.26 145.51 213.11 46.46
2 United Kingdom 296.21 366.53 23.74 42.56 72.29 69.85
3 India 220.53 302.63 37.23 38.08 55.28 45.17
4 Germany 195.85 286.00 46.03 35.63 53.80 51.00
5 Italy 135.66 226.02 66.61 18.09 40.45 123.60
6 Belgium 94.35 132.18 40.10 15.65 26.71 70.67
7 Netherlands 88.16 162.10 83.87 16.56 27.11 63.71
8 China 71.21 116.96 64.25 12.96 20.91 61.34
9 Canada 71.92 114.98 59.87 12.73 20.47 60.80
10 Turkey 68.27 81.43 19.28 15.72 15.98 1.65
  Other Markets 1,309.07 1,661.04 26.89 233.21 338.11 44.98
  Total Merchandise Exports 3456.32 4583.56 32.61 586.70 884.22 50.71

Export Regions

Region Jan-May 2020 Jan-May 2021 % Growth (20-21) May  2020 May 2021 % Growth (20-21)
EU excluding UK 741.95 1,135.99 53.11 128.84 210.05 63.03
United States 905.10 1,133.71 25.26 145.51 213.11 46.46
South Asia 333.13 455.88 36.85 50.58 94.87 87.56
ASEAN Countries 80.79 123.63 53.03 14.94 23.58 57.83
CIS Countries 118.30 112.52 -4.89 16.60 22.94 38.19
African Countries 102.96 102.58 -0.37 22.99 20.01 -12.96
Middle East Countries (Excl. Cyprus & Egypt) 278.86 310.32 11.28 62.14 66.39 6.84
Others 895.23 1,208.93 35.04 145.10 233.27 60.76
Total Merchandise Exports 3456.32 4583.56 32.61 586.70 884.22 50.71

Export of Services

The services exports estimated by EDB which includes ICT/BPM, Construction, Financial Services, and Transport & Logistics show exports of US $ 1,194.3 Mn for the period of January to April 2021 compared to US$ 1,021.9 Mn recorded in the corresponding period of 2020.

Estimated service exports increased by 16.87 % in the first four months of 2021 compared to the corresponding period of 2020.