Published
13 hours agoon
Sri Lanka has generated export earnings exceeding USD 7.3 billion during the first five months of the year, reflecting a strong performance by the country’s export sector, according to the Export Development Board (EDB).
The figure represents a 7.5 percent increase compared to the corresponding period last year.
Speaking on the latest export performance, Export Development Board Chairman Mangala Wijesinghe said Sri Lanka’s apparel, coconut-based products and rubber sectors have emerged as some of the most significant contributors to export earnings growth.
Wijesinghe noted that the apparel industry continues to be the country’s leading export earner, generating USD 2.063 billion during the first five months of the year.
Speaking about the industry’s future prospects, he said Sri Lanka has set an ambitious target of earning more than USD 8 billion in export revenue from the apparel sector within the next five years.
The EDB Chairman also highlighted the strong performance of coconut-based exports, which generated approximately USD 512 million during the first five months of the year.