Sri Lanka’s exports exceed USD 1Bn for third consecutive month in August

Sri Lanka’s merchandise exports in August 2021 recorded an increase of 14.4 % to US$ 1,083.56 Mn as compared to US$ 947.2 Mn recorded in August 2020 as per the data released by Sri Lanka Customs.

Table 1: Merchandise Export Performance

                                                                                                            Values in US$ Mns

 Exports of Goods Jan-Aug 2019 Jan-Aug 2020 Jan-Aug 2021 % Growth (20-21) Aug 2020 Aug 2021 % Growth (20-21)
 Apparel 3,724.13 2,842.04 3,422.39 20.42 438.34 491.50 12.13
 Tea 915.00 805.57 882.44 9.54 102.97 116.78 13.41
 Rubber-based 609.86 506.75 708.92 39.90 72.53 92.34 27.31
 Coconut-based 423.51 421.70 538.41 27.68 65.32 73.95 13.21
 Diamond, Gems &  Jewelry 197.42 98.70 170.57 72.82 13.19 21.80 65.28
 Electronics & Electronic   Components 258.43 209.20 278.16 32.96 32.93 36.71 11.48
 Spices and Concentrates 204.00 195.58 283.42 44.91 39.88 39.78 -0.25
 Processed Food & Beverages 245.85 246.17 247.54 0.56 27.74 36.17 30.39
 Seafood 184.46 133.15 165.48 24.28 15.57 18.63 19.65
 Ornamental Fish 10.14 8.45 12.60 49.11 0.63 0.96 52.38
 Vegetables 21.04 17.26 16.59 -3.88 1.71 1.93 12.87
 Fruits 28.05 24.50 25.51 4.12 3.08 3.63 17.86
 Other Export Crops 20.37 56.27 41.30 -26.60 6.58 8.64 31.31
 Flowers & Foliage 12.94 8.66 10.19 17.67 0.95 0.99 4.21
 Boat Building 63.75 1.91 2.82 47.64 0.27 0.15 -44.44
 Petroleum Products 220.97 227.28 144.34 -36.49 21.45 29.33 36.74
 Others 890.28 641.81 935.42 45.75 104.06 110.27 5.97
Total Merchandize Exports 8,030.2 6,445.0 7,886.1 22.36 947.2 1,083.56 14.4

Table 2: Top 10 Export Destinations

  Country Jan-Aug 2020 Jan-Aug 2021 % Growth (20-21) August 2020 August 2021 % Growth (20-21)
1 United States 1,652.17 1,905.02 15.30 248.63 273.66 10.07
2 United Kingdom 552.46 604.54 9.43 90.76 79.19 -12.75
3 India 396.96 505.88 27.44 57.57 76.41 32.73
4 Germany 371.05 481.41 29.74 58.48 63.61 8.77
5 Italy 280.51 373.36 33.10 47.04 48.27 2.61
6 Netherlands 172.47 270.14 56.63 25.48 38.05 49.33
7 Belgium 183.27 214.91 17.26 26.51 28.36 6.98
8 Canada 132.93 200.65 50.94 23.36 27.27 16.74
9 China 138.73 186.67 34.56 24.07 22.04 -8.43
10 UAE 127.88 180.73 41.33 14.67 28.21 92.30
  Others 2,436.57 2,962.79 21.60 330.63 398.49 20.52
  Total 6,445.0 7,886.1 22.36 947.2 1,083.56 14.40

Table 3: Export Regions

Region Jan-Aug 2020 Jan-Aug 2021 % Growth (20-21) August 2020 August 2021 % Growth (20-21)
EU excluding UK 1,425.35 1,883.07 32.11 220.04 248.84 13.09
United States 1,652.17 1,905.02 15.30 248.63 273.66 10.07
South Asia 604.59 780.37 29.07 79.20 116.69 47.34
Asean Countries 196.79 207.27 5.33 22.30 40.40 81.17
CIS Countries 176.08 171.60 -2.54 20.82 23.11 11.00
African Countries 162.51 207.59 27.74 21.79 29.29 34.42
Middle East Countries (Excl. Cyprus & Egypt) 475.98 558.67 17.37 86.17 52.38 -39.21
Others 1,751.53 2,172.51 24.03 248.25 299.19 20.52
Total Merchandise Exports 6,445.0 7,886.1 22.36 947.2 1,083.56 14.40

Export of Services

The services exports estimated by EDB which includes ICT/BPM, Construction, Financial Services, and Transport & Logistics recorded a worth of US $ 2,184.5 Mn during the period of January to August 2021 compared to US$ 1,640.8 Mn recorded in the corresponding period of 2020.

Estimated service exports increased by 33.13 % during the period of January to August 2021 compared to the corresponding period of 2020.