Economic Indicators for Sri Lanka including actual values, historical data, and latest data updates for the Sri Lanka economy. This page provides - Sri Lanka Export Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news. Our Profile. It is now well placed to make constitutional amendments with the support of its allies. COLOMBO (News1st): Sri Lanka's export earnings in June have dropped by more than 16 percent compared to the same month last year despite the growth seen - … With less than a month left to conclude the year, the Sri Lanka Apparel Exporters’ Association (SLAEA) expects the country’s apparel export revenue to be around $ 4 billion for the year 2020, compared to $ … They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. 122,428. Apparel exports to close 2020 at $ 4 b. December 06, 2020; By Madhusha Thavapalakumar. Accept, Enable JavaScript in web browser to get full functionality, http://www.srilankaapparel.com/data-center/yearly-performance/, https://www.cbsl.gov.lk/en/statistics/statistical-tables/external-sector, https://www.icta.lk/projects/national-it-bpm-workforce-survey-2019/#1447655280990-9ce25279-b1279073-b290, https://www.imf.org/en/Publications/WEO/Issues/2020/01/20/weo-update-january2020, http://www.mtiworldwide.com/wp-content/uploads/2016/06/MTI%E2%80%99s-Business-Review-of-2019-Outlook-for-2020.pdf, https://www.imf.org/en/News/Articles/2020/02/07/pr2042-sri-lanka-imf-staff-concludes-visit-to-sri-lanka, https://www.imf.org/en/News/Articles/2019/11/01/pr19390-sri-lanka-imf-executive-board-completes-6th-review-extended-arrangement-eff, https://www.adb.org/documents/sri-lanka-country-operations-business-plan-2020-2022, Find Sri Lankan Export Products and Services, You can find information about cookies and their deactivation in our, The Trade & Export Landscape of Sri Lanka 2019 -2020, Floriculture and Ornamental Foliage Exports from Sri Lanka, The Export Potential of Clayware from Sri Lanka, The Export of Heirloom Rice from Sri Lanka, Printing, Prepress and Packaging Products, Trade Facilitation and Trade Information Division. 19/390, International Monetary Fund, November 1, 2019, https://www.imf.org/en/News/Articles/2019/11/01/pr19390-sri-lanka-imf-executive-board-completes-6th-review-extended-arrangement-eff, Sri Lanka: Country Operations Business Plan, Institutional Document, Asian Development Bank, July 2019, https://www.adb.org/documents/sri-lanka-country-operations-business-plan-2020-2022, Subscribe to receive free e-mail alerts on published articles. Green Tea. Exports in Sri Lanka increased to 1000 USD Million in September from 947 USD Million in August of 2020. source: Central Bank of Sri Lanka Exports in Sri Lanka averaged 757.29 USD Million from 2003 until 2020, reaching an all time high of 1137 USD Million in March of 2019 and … 4,620. The program is expected to focus on the development of transport infrastructure focus on, followed by water and other urban infrastructure and services (16%); agriculture, natural resources, and rural development (14%); energy (12%); education (8%); multisector (6%); and finance (5%). Investments on the country’s transport infrastructure, finances and energy sector are expected to bring industrial development through diversification of the SMEs in the country. January – October 2020. Sri Lanka registered a GDP growth of 2.8% during the last year against 3.3% recorded in 2018, while the global GDP also grew at a subdued rate of 2.5%, mainly due to Chinese and the USA trade tension and low growth recorded in the EU and Japan. 22,913. Copyright © Export Development Board Sri Lanka. Sitemap. Mn 2019 / 2020 Change % Total Exports: 416 ... Joint Apparel Association Forum Sri Lanka (JAAFSL) No. Service sectors of Sri Lanka registered a 2.8% growth last year against 4.4% recorded in 2018. As per the shipping lines, there is a tendency for this situation to continue until March 2021. 2019 US$. 288,984. Read More. 21,701. Fri, Oct 9, 2020, 11:54 pm SL Time, ColomboPage News Desk, Sri Lanka. COLOMBO (News1st): Prime Minister Mahinda Rajapaksa has said that the government will focus on improving fisheries exports to generate revenue to the - … As per the Sri Lanka Export Development Board, provisional data the merchandise exports were USD 11.9 billion, up 0.13% and service exports were USD 4.2 billion, up by 5.3% from 2018. Data are in current U.S. dollars. Mn 2020 US$. The total exports, both merchandise and service maintained at US$ 9,693 million during January to September 2020, as against US$ 11,784 million recorded for a similar period in the last year – US$ 17.74 million decline – with a reduced gap, signaling that Sri Lanka is for a stronger recovery amidst unprecedented global economic downturn, the Export Development Board (EDB) said. Sri Lanka's GDP expected to contract by 5.5% in 2020 and grow by 4.1% in 2021 – ADO 2020 Update Sri Lanka's inflation rates forecasted at 4.5% in 2020 and 4.2% in 2021 – ADO 2020 Update GDP growth Sri Lanka Exports 1960-2020. 107, Hunupitiya Lake Road, Colombo 2, Sri Lanka. 2020-10-13. By Madhusha Thavapalakumar. According to the ADB’s Country Operations Business Plan (COBP) for the years 2020-22, the proposed lending program for Sri Lanka for the 3-years period is estimated at USD 2.46 Billion. 3,071. November, 13, 2020 Sri Lanka's exports declined in October amid second wave of pandemic As per the Customs statistics, earnings from merchandise exports recorded a negative growth of 14.9% in October 2020 to US$ 831.72 million as compared to the … 98,294. Please check your download folder. 3,512. We expect the economy to stage a gradual recovery in 2021 after experiencing its worst-ever recession in 2020. SRI LANKA TEA PRODUCTION – JANUARY TO DECEMBER 2019, Tea Exporters Association (TEA), January, 2020,http://teasrilanka.org/market-reports, TEXTILE AND APPAREL EXPORTS IN US$ MN, Sri Lanka Apparel, January 2020, http://www.srilankaapparel.com/data-center/yearly-performance/, External Sector- Export, Imports and Trade, Central Bank of Sri Lanka, January 2020, https://www.cbsl.gov.lk/en/statistics/statistical-tables/external-sector, NATIONAL IT-BPM WORKFORCE SURVEY 2019, Information and Communication Technology Agency of Sri Lanka, 2019, https://www.icta.lk/projects/national-it-bpm-workforce-survey-2019/#1447655280990-9ce25279-b1279073-b290, Tentative Stabilization, Sluggish Recovery?, World Economic Outlook, January 2020, https://www.imf.org/en/Publications/WEO/Issues/2020/01/20/weo-update-january2020, MTI’s Business Review of 2019 & Outlook for 2020, MTI Consulting, 2020, http://www.mtiworldwide.com/wp-content/uploads/2016/06/MTI%E2%80%99s-Business-Review-of-2019-Outlook-for-2020.pdf, IMF Staff Concludes Visit to Sri Lanka, Press Release No 20/42, International Monetary Fund, February 7, 2020, https://www.imf.org/en/News/Articles/2020/02/07/pr2042-sri-lanka-imf-staff-concludes-visit-to-sri-lanka, IMF Executive Board Completes the Sixth Review of Sri Lanka’s Extended Arrangement under the Extended Fund Facility, Press Release N0. About F&W. November 17, 2020. Trade: The top exports of Sri Lanka are Tea ($858M), Other Women's Undergarments ($635M), Knit Women's Undergarments ($556M), Knit Women's Suits ($493M), and Non-Knit Women's Suits ($476M). Mahinda Rajapaksa's Sri Lanka Podujana Peramuna (SLPP) won the parliamentary election on August 5th with a huge majority. Snapshot of the Sri Lankan economy up to 2018, with an overview of GDP growth, exports, the balance of payments, the equity market, and inflation. Sep 12, 2020 (LBO) – Sri Lanka’s exports during the month of August 2020 recorded a downfall of 8.3% to US$ 947.7 Mn as compared to the value of … 98,923. The USA was the main trade destination of Sri Lankan textile and apparel exports receiving a lion's share of 44.58% The sector’s growth was mainly supported by the benefits arising from the restoration of the EU's Generalized System of Preferences Plus (EU - GSP+) facility in spite of the trade diversion caused by the US-China trade tensions.(2). Having expressed the desire to continue export development based on the National Export Strategy (NES) developed for key sectors, to maintain policy consistency, the Minister of Industrial Export and Investment Promotion had revealed that the Sri Lankan government would continue to promote agri-based value-added exports and the boat and shipbuilding industries in the year 2020 as these industries have shown much promise in the global arena. Bulk. Export Prices in Sri Lanka is expected to be 148.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. It was also the first time that Sri Lanka reached the final in the history of World Schools Debating Championships. All alternative scenario simulations point to recessionary outcomes – an escalation of the pandemic leading to a By using our website, you agree to the use of cookies. 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