Sri Lanka’s Exports Up 1.25-pct to USD1.11 Billion in April

The total exports (Merchandise & Service) for the month of April 2024 was recorded as US$ 1,114.22 Million increasing 1.25 % over the corresponding period of 2023.

As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in April 2024 amounted to US$ 813.81 million, recorded decrease of 4.1 % compared to April 2023. Figure 1 shows Monthly Merchandise export performance from the year 2021 to April 2024.

The estimated value of services exports for the month of April 2024 was US$ 300.41 Million, increasing 19.28 % over the corresponding period of 2023. 

Table 1: Comparison of Sector-wise Export Performance 

                           Values in US$ Mns

Exports of Goods & Services Jan-Apr 2023 Jan-Apr 2024 % Growth (23-24) Apr  2023 Apr 2024 % Growth (23-24)
Apparel & Textile 1,612.24 1,566.39 -2.84 342.81 321.06 -6.34
Tea 407.66 450.23 10.44 93.39 95.46 2.22
Rubber-based 299.03 335.00 12.03 55.40 66.58 20.18
Coconut-based 214.19 264.40 23.44 51.61 60.76 17.73
Diamond, Gems & Jewelery 65.84 71.91 9.22 25.25 21.68 -14.14
Electronics & Electronic   Components 166.81 137.93 -17.31 40.01 30.78 -23.07
Spices and Concentrates 122.62 87.48 -28.66 21.08 18.03 -14.47
Processed Food & Beverages 130.28 158.72 21.83 30.08 32.35 7.55
Seafood 91.50 90.68 -0.90 24.86 26.79 7.76
Ornamental Fish 8.70 8.52 -2.07 2.12 2.77 30.66
Vegetables 9.69 9.68 -0.10 2.27 3.59 58.15
Fruits 13.89 13.25 -4.61 3.45 3.25 -5.80
Other Export Crops 14.03 23.28 65.93 6.79 5.35 -21.21
Flowers & Foliage 5.01 4.94 -1.40 1.20 1.69 40.83
Boat Building 11.83 11.06 -6.51 10.80 0.10 -99.07
Petroleum Products 140.36 98.33 -29.94 13.64 34.95 156.23
Others 532.62 650.91 22.21 123.84 88.62 -28.44
Total Merchandize Exports 3,846.30 3,982.71 3.55 848.60 813.81 -4.10
ICT/ BPM 398.65 405.89 1.82 99.25 120.69 21.60
Construction 79.86 67.27 -15.77 21.56 14.87 -31.05
Financial Services 22.64 16.57 -26.81 4.44 6.67 50.31
Transport & Logistics 483.73 558.89 15.54 126.62 158.19 24.94
Total Services Exports 984.87 1,048.61 6.47 251.86     300.41  19.28
Total Exports 4,831.17 5,031.32 4.14 1,100.46 1,114.22 1.25

Sources: CBSL, Sri Lanka Customs

Table 2: Comparison of Merchandise Export Performance of Top 15 Export Destinations 

Values in US$ Mns


Destination Jan-Apr 2023 Jan-Apr 2024 % Growth (23-24) Apr  2023 Apr 2024 % Growth (23-24)
1 United States 914.90 894.94 -2.18 193.20 183.37 -5.09
2 United Kingdom 285.74 305.16 6.80 61.44 66.14 7.65
3 India 267.44 239.39 -10.49 58.88 56.93 -3.31
4 Italy 197.35 198.59 0.63 38.91 40.77 4.78
5 Germany 193.72 205.01 5.83 39.56 41.07 3.82
6 United Arab Emirates 137.10 114.74 -16.31 16.43 22.27 35.54
7 Netherlands 106.30 114.08 7.32 22.67 26.26 15.84
8 France 79.82 84.94 6.41 22.52 24.32 7.99
9 Canada 103.27 103.57 0.29 21.72 19.31 -11.10
10 China 79.76 83.10 4.19 18.75 21.24 13.28
11 Australia 73.72 78.35 6.28 17.33 17.40 0.40
12 Belgium 72.65 72.06 -0.81 16.98 16.64 -2.00
13 Turkey 61.42 42.40 -30.97 13.18 9.48 -28.07
14 Japan 60.81 56.83 -6.54 14.54 12.57 -13.55
15 Switzerland 57.35 55.58 -3.09 15.70 12.45 -20.70

Others 1726.74 1904.17 10.28 145.89 67.91 -53.45

Total  3,846.30 3,982.71 3.55 848.60 813.81 -4.10

Sources: CBSL, Sri Lanka Customs

Table 3: Comparison of Region wise Merchandise Export Performance

Values in US$ Mns

Region Jan-Apr 2023 Jan-Apr 2024 % Growth (23-24) Apr 2023 Apr 2024 % Growth (23-24)
United States 914.90 894.94 -2.18 193.20 183.37 -5.09
European Union (EU) excluding UK 835.07 864.96 3.58 180.24 193.50 7.36
South Asia 392.38 366.91 -6.49 83.66 86.00 2.80
ASEAN 333.66 329.00 1.36 59.58 60.39 -1.40
CIS Countries 115.63 93.85 -18.84 24.87 28.52 14.68
African Countries 106.23 109.98 3.53 20.44 23.50 14.97
Middle East Countries (excl. Cyprus & Egypt) 81.06 87.47 7.91 20.19 22.20 9.96
Others 1,067.37 1,235.60 15.76 266.42 216.33 -18.80
Total Merchandise Exports 3,846.30 3,982.71 3.55 848.60 813.81 -4.10

Sources: CBSL, Sri Lanka Customs

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Top
0
Would love your thoughts, please comment.x
()
x