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EDB confident of future prospects of export sector

2021-12-06

EDB confident of future prospects of export sector

As the country’s exports continue to recover from the COVID-19 pandemic, the Sri Lanka Export Development Board (EDB) remains confident of the future prospects of the country’s export sector, with its focus to break into premium markets.

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EDB successfully concluded the 24th Presidential Export Awards Ceremony

2021-11-29

EDB successfully concluded the 24th Presidential Export Awards Ceremony

Last year, the Export Development Board (EDB) could not hold the Presidential Export Awards for financial year 2019/2020 due to the outbreak of COVID-19 and therefore it was held as a combined awards scheme this year.

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Sri Lanka’s merchandise exports continued its robust performance in October 2021, with a new high

2021-11-23

Sri Lanka’s merchandise exports continued its robust performance in October 2021, with a new high

Sri Lanka’s merchandise exports increased by 35.9% to US$ 1,160.62 Million in October 2021 compared to October 2020 as per the data released by the Sri Lanka Customs. Exports maintained above one billion for the fifth time this year.

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24th Presidential Export Awards on 26 November

2021-11-04

24th Presidential Export Awards on 26 November

Sri Lanka Export Development Board (EDB) is planning to hold the 24th Presidential Export Awards Ceremony for the financial years 2019/20 and 2020/21 on 26th November 2021 at the Bandaranaike Memorial International Conference Hall (BMICH) under the patronage of His Excellency the President, Gotabaya Rajapaksa.  

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Exports earns nearly one billion dollars in September 2021

2021-10-29

Exports earns nearly one billion dollars in September 2021

Sri Lanka’s merchandize exports in September 2021 recorded US$ 995.8 Mn as per the data released by the Sri Lanka Customs. 

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Sri Lanka’s Export Performance January - August 2021

2021-09-22

Sri Lanka’s Export Performance January - August 2021

Sri Lanka’s merchandize 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 the Sri Lanka Customs. 

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24th Presidential Export Awards Ceremony to be held on 26th November 2021 at BMICH

2021-08-23

24th Presidential Export Awards Ceremony to be held on 26th November 2021 at BMICH

Sri Lanka Export Development Board (EDB) is planning to hold the 24rh Presidential Export Awards Ceremony for the financial years 2019/20 and 2020/21 on 26th November 2021 at the Bandaranaike Memorial International Conference Hall (BMICH) under the patronage of His Excellency the President, Gotabaya Rajapaksa.

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Sri Lanka’s Export Performance January - July 2021

2021-08-20

Sri Lanka’s Export Performance January - July 2021

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

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Sri Lanka’s Export Performance January - June 2021

2021-07-20

Sri Lanka’s Export Performance January - June 2021

As per the latest statistics released by the Sri Lanka Customs, the export sector performance has been able to maintain its upward trend in June 2021 with exports increasing by 9.41 % to US$ 978.2 Mn compared to June 2020. This upward trend was evident year-on-year for the last four months.

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Sri Lanka’s Export Performance January - May 2021

2021-06-22

Sri Lanka’s Export Performance January - May 2021

Sri Lanka’s export sector performance has been able to managed its growth momentum in May 2021 with the challenges of this pandemic.  “We are happy to see that export levels are reaching fast to the pre-Covid 19 levels despite the continuous multiple challenges faced by our exporters with intermittent travel restrictions and local area isolations. Maximum efforts are be taken to secure the export orders in hand while attracting new orders to the country – the responsibility of the authorities are to facilitate the exporters in every possible way to keep them operating”, Chairman, EDB.

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EDB plans revision to 2021 export target

2021-05-24

EDB plans revision to 2021 export target

EDB Chairman Suresh de Mel stated that the export target would certainly witness a revision due to the week-long travel restrictions that have come into effect and several areas being caught under the isolation. However, he said it is too premature to assess the impact or divulge the revised target. He noted that the revision is ‘absolutely necessary’.

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Sri Lanka Singapore FTA to undergo 18 amendments

2021-05-23

Sri Lanka Singapore FTA to undergo 18 amendments

Sri Lanka has identified 18 amendments to be made the controversial Sri Lanka-Singapore Free Trade Agreement (SLSFTA) and anticipates to conduct negotiations with Singapore, The Sunday Morning Business exclusively learns.

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Sri Lanka’s Export Performance January - April 2021

2021-05-20

Sri Lanka’s Export Performance January - April 2021

Sri Lanka’s export performance continued its upward momentum in the first three months of 2021. Due to the Covid-19 pandemic induced lockdown last year, exports were contracted by a record 64.63 per cent in April 2020. However in April this year, exports grew up by 183 per cent to US$ 798.9 Mn in comparison to the previous year.

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EDB supports exporters to continue operations during latest travel restrictions and lockdowns of certain areas in the country

2021-05-15

EDB supports exporters to continue operations during latest travel restrictions and lockdowns of certain areas in the country

The Sri Lanka Export Development Board (EDB) has made arrangements to facilitate export-oriented industries based on the circulars issued by the Government Health Authorities to continue operations of their activities during lockdown of specific areas in the country and inter-provincial travel restrictions subject to stringent health regulations.

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Sri Lanka’s Export Performance January - March 2021

2021-04-28

Sri Lanka’s Export Performance January - March 2021

Sri Lanka surpassed $ 1 billion exports in March 2021 after a lapse of six months period. As per the Customs statistics, earnings from merchandise exports recorded double digit growth of 62.47% in March 2021 on y-o-y comparison – the March figure being US$ 1,066.1 Mn.

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Continuous growth in exports in February 2021 amidst multiple challenges

2021-03-23

Continuous growth in exports in February 2021 amidst multiple challenges

Sri Lanka’s export earnings registered a growth of 2.52% with US$ Mn 993.73 in February, compared to the previous year, maintaining the growth momentum recorded during the last five months as per the provisional statistics released by Sri Lanka Customs. This is the highest export figure recorded for the month of February during the last five-year period.

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Sri Lankas Earnings from Exports reached to US$ 908.07 Mn in January 2021

2021-03-08

Sri Lankas Earnings from Exports reached to US$ 908.07 Mn in January 2021

Hon. Bandula Gunawardana, Minister of Trade urged the whole stakeholders to actively engage in assisting all exporters of the country in every possible manner during this turbulent period enabling exporters to strengthen our economy.

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EDB Chief spells out measures to aim for $ 16 b goods and services exports in 2021

2021-02-16

EDB Chief spells out measures to aim for $ 16 b goods and services exports in 2021

Sri Lanka Export Development Board (SLEDB) new Chairman Suresh de Mel this week expressed confidence of giving the best shot at realising a near $ 16 billion target for 2021 despite domestic and global challenges. This confidence stems from a plethora of new initiatives as well as fine-tuning existing endeavours to develop and boost exports.

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EDB forecasts near $ 16 b total exports in 2021

2021-02-15

EDB forecasts near $ 16 b total exports in 2021

The Sri Lanka Export Development Board (EDB) is forecasting a performance of $ 15.68 billion in merchandise and service shipments in 2021.

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2020 marks a successful year for Sri Lanka exports

2021-01-20

2020 marks a successful year for Sri Lanka exports

The US$ 13.5 billion export target set for merchandise export sectors in early 2020 remains challenging, requiring not only strong efforts from local enterprises, but also the recovery of global demand amid complicated Covid-19 situation. Amid severe impacts of the Covid-19 pandemic, Sri Lanka’s merchandise exports remain at US$ 9.9 billion in 2020, which is a 104 % achievement from the revised forecast of US$ 9.5 billion.

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