• Alt

    Sri Lanka's Apex Organisation for Export Promotion

    Explore

EDB News

News

Exports a near billion dollars for the 3rd consecutive month in a row - Export Performance in August 2020

2020-09-14

Exports a near billion dollars for the 3rd consecutive month in a row - Export Performance in August 2020

Sri Lanka’s exports during the month of August 2020 recorded a downfall of 19.2% to US$ 947.7 Mn as compared to the value of US$ 1,033.3 Mn recorded same month of last year.

Read More

The Road to Measuring Sri Lanka's Logistics Economic Footprint

2020-08-27

The Road to Measuring Sri Lanka's Logistics Economic Footprint

Against a transformative and competitive regional backdrop, Sri Lanka aspires to become South Asia’s logistics hub. The leading impetus to this ambitious vision is Sri Lanka’s National Export Strategy (NES); and its prominence to the logistics industry. Directly employing roughly over 50,000 people industry-wide, the sector has an ambitious vision to grow from a traditional transshipment hub to a regional logistics center. Recognized as one of the fastest-growing transshipment hubs in the world, Sri Lanka offers a unique package of innovative multi-modal logistics services.

Read More

The V shape recovery of Exports further up in July

2020-08-14

The V shape recovery of Exports further up in July

Sri Lanka’s exports have surpassed the $ 1 billion mark in July after six months time period where a similar achievement was only recorded in January during this year.

Read More

The bounce is back - Export Performance June 2020

2020-07-18

The bounce is back - Export Performance June 2020

Earnings from merchandise exports rebounded in June 2020 to US $ 906.02 Mn as per the Customs statistics, with the export sector progressively commencing actions following the relaxation of lockdown measures and the recovery of both domestic and global supply and demand chains to some extent.

Read More

Fast-tracking export resilience: Renewed thinking, renewed strategies

2020-06-03

Fast-tracking export resilience: Renewed thinking, renewed strategies

Exports play an important role in a country’s economy as they influence the level of growth, employment and balance of payments. For Sri Lanka, the focus on exports is now more important than ever, as the island nation looks to bring in foreign currency to boost the economy.

Read More

Exports: A National Priority

2020-04-19

Exports: A National Priority

Following our statement last week, the EDB strengthens our clarion call to understand that exports are now our nation’s number one priority. As the COVID-19 crisis intensifies across the globe, we at the EDB have taken a strong stance and realized that it is the export sector that will get Sri Lanka through this crisis. During these times of unparalleled circumstances, we see a large impact on Sri Lanka’s foreign direct investment, our tourism sector and our country’s overall economic standing. Therefore, we ask other government agencies to recognize and support the export sector during this time. For all exporters, it is imperative to take immediate action. The foreign exchange that we bring in through the export sector is essential in our efforts to survive this crisis as a nation.

Read More

A Clarion Call to Exporters; Commence All Exports!

2020-04-10

A Clarion Call to Exporters; Commence All Exports!

It’s a difficult moment for the world. We are fighting the coronavirus pandemic whilst our nation’s exporters have been facing challenging times for the past two months. The EDB requests that now more than ever, the time has come for us to prepare our businesses to stay up and running. As a nation, we are no stranger to disaster, having faced our fair share of adversity. We are confident that we will weather this storm and as we have done in the past, Sri Lanka will emerge stronger than ever and continue focusing on our main goal - recommencing exports, restoring them to their former level and increasing them.

Read More

EDB cuts 2020 export target by $ 7.75 b on COVID-19 worries

2020-04-06

EDB cuts 2020 export target by $ 7.75 b on COVID-19 worries

Considering the unprecedented disruption to the global economy and trade due to the COVID-19 pandemic, the Export Development Board has revised its 2020 exports forecast by a hefty 42% to $10.75 billion.

Read More

Relief to exporters to overcome covid-19 crisis

2020-03-30

Relief to exporters to overcome covid-19 crisis

The Central Bank on 27th March 2020 announced a series of wide-ranging financial concessions to alleviate the hardships businesses are facing owing to the impact of Covid-19. The concessions are applicable to the entire gamut of organisations ranging from large corporate to self-employed individuals, and particularly to export-related enterprises. The Sri Lanka Export Development Board (EDB) took the initiative in bringing the severity of the crisis situation the business community, particularly the export sector, is facing and the dire need to give relief, to the notice of the Central Bank and other key Government stakeholders.

Read More

EDB Chief calls on Govt. to extend financial moratorium to all exporters

2020-03-24

EDB Chief calls on Govt. to extend financial moratorium to all exporters

The Government should extend the financial moratorium to all exporters, as merchandise exports will be the first to bounce back after the COVID-19 crisis is controlled, a top official said.

“The moratorium on loans and interests that the Government has introduced to the apparel, tourism, IT and SME sectors should be extended to all exporters. Merchandise exports will be the first to recover and help the economy,” Export Development Board (EDB) Chairman Prabhash Subasinghe told Daily FT.

Read More

Sri Lanka Customs Offers a Window of Concession to Exporters During Corona Outbreak

2020-03-23

Sri Lanka Customs Offers a Window of Concession to Exporters During Corona Outbreak

Sri Lanka Customs has taken immediate steps to assist the exporters whose export of products have been delayed by the corona outbreak to export products that have been produced and prepared for exportation as well as goods that are essential and urgently required to be exported to respective countries.

Read More

Export Performance - January 2020 - EDB

2020-03-04

Export Performance - January 2020 - EDB

According to the latest customs provisional data the total exports from Sri Lanka in January 2020, recorded a marginal increase of 0.96% in comparison to the similar period of the previous year, due to the merchandise exports recording a drop of 7.41% and the projected growth of 26% of Service exports, The merchandise exports stood at US$ 961 Mn in January 2020, which is lesser than US$ 77 Mn, in January 2019. The figure for Service exports has not yet been released and the EDB has projected figures based on the past published records. It was revealed that only in the year 2019 the exports recorded over one billion in comparison to the figures of the last five years.

Read More

Export promotion efforts doubled by EDB in 2019

2020-02-13

Export promotion efforts doubled by EDB in 2019

Sri Lanka doubled its export promotion efforts last year in comparison to 2018, enabling the private sector, especially the small and medium segment, to succeed amidst growing competition and other challenges.

Read More

EDB Chief wants export boom to be everyone’s priority

2020-01-31

EDB Chief wants export boom to be everyone’s priority

Export Development Board (EDB) Chairman Prabhash Subasinghe yesterday urged that boosting exports must be everyone’s priority, as the key agency set an ambitious yet achievable target of $ 18.5 billion this year, up by 15% from 2019. EDB revealed that as per provisional data, last year Sri Lanka’s total merchandise and service exports amounted to $ 16.14 billion up by 1.44% from 2018. The composition was merchandise exports were $ 11.9 billion, up 0.13% and service exports were $ 4.2 billion, up by 5.3% from 2018. EDB originally targeted $ 18.5 billion exports for 2019, and the estimated performance reflects achievement of 87% of the goal.

Read More

EDB Chief Assures Support to Industry Heads to Develop Sri Lanka as South Asia’s Logistics Hub

2020-01-31

EDB Chief Assures Support to Industry Heads to Develop Sri Lanka as South Asia’s Logistics Hub

Prabhash Subasinghe, Chairman EDB had a discussion with the leading public and private stakeholders of the country’s logistics sector last Tuesday (29th January) at the EDB as part of the series of initial meetings he had launched with the various industry sectors since assuming office.

Read More

Hambantota International Port reaches 1 million MT benchmark for 2019

2019-12-06

Hambantota International Port reaches 1 million MT benchmark for 2019

The Hambantota International Port (HIP) had a busy week with six RORO ships calling at the port, discharging 18,288 vehicles from which 16,830 were for transshipment and 1,458 were for local agencies.

Read More

Trincomalee Port set to double capacity with night navigation and 24 hour operations

2019-11-11

Trincomalee Port set to double capacity with night navigation and 24 hour operations

In keeping with Ports, Shipping and Southern Development Minister Sagala Ratnayaka’s promise to install night navigation at the Trincomalee Port before the end of this year, the Sri Lanka Ports Authority (SLPA) says it has successfully completed the project.

Read More

Sri Lanka plans big for 6 month long Expo 2020 Dubai

2019-10-18/ Source at: Daily Mirror

Sri Lanka plans big for 6 month long Expo 2020 Dubai

Sri Lanka yesterday launched the official website announcing the country’s participation in the six-month long Expo 2020 Dubai, anticipating a major boost to exports, tourism and investments while looking to enhance the country’s brand value and image globally.

Read More

Iconic Sri Lankan Cricketers Mahela and Kumar - Sri Lanka’s Brand Ambassadors for Expo 2020 Dubai

2019-10-14

Iconic Sri Lankan Cricketers Mahela and Kumar - Sri Lanka’s Brand Ambassadors for Expo 2020 Dubai

Mahela Jayawardena and Kumar Sangakkara - two of the most iconic cricketers produced by the country has come on board as Sri Lanka’s Brand Ambassadors for Expo 2020 Dubai organized by the Sri Lanka Export Development Board (EDB) as a public private cooperation project .

Read More

EFL bags Best Exporter for Logistics Services at Presidential Export Awards 2018/19

2019-10-14

EFL bags Best Exporter for Logistics Services at Presidential Export Awards 2018/19

Expolanka Freight Ltd. (EFL), a pioneer provider of global logistics, took home the award for Best Exporter of Logistics Services, at the Presidential Export Awards (PEA) 2018/19, held on 19 September at the BMICH.

Read More