SL Merchandise and service exports record US$ 1,269.33 million
- 5opn1
- December 24, 2024
- Business News
- 269.33 million, SL Merchandise and service exports record US$ 1
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Sri Lanka’s total export performance for November 2024, encompassing both merchandise and services, reached a value of US$ 1,269.33 million, marking a slight increase of 0.04 per cent compared to the same month in 2023.
The data, provided by the Export Development Board (EDB), reveals that while merchandise exports showed a decline, the services sector demonstrated strong growth, helping to offset some of the downturn.
According to provisional figures from Sri Lanka Customs, merchandise exports in November 2024 totalled US$ 943.1 million, reflecting a decline of 5.6 per cent in comparison to November 2023.
The drop in merchandise exports can primarily be attributed to decreased earnings from key sectors such as rubber-based products, electrical and electronic components, food and beverages, as well as seafood.
