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Posted December 11, 2020

122,428. 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. Korean entrepreneur wins business rights for cable car project in Sri Lanka. 21,578. (5), With fairly favourable predictions from the global arena, Sri Lankan industries and service providers also have expressed optimism for the year 2020. Please check your download folder. 5,023. 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. You can find information about cookies and their deactivation in our Privacy Policy & Cookie Policy. This page provides - Sri Lanka Export Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news. View our Data Protection & Privacy Policy. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. MAJOR IMPORTERS OF SRI LANKA TEA - JANUARY/OCTOBER 2020- in MT Exports from China continue to remain stable in spite of indications that production growth is modest compared with recent years and the average FOB price for exports at end of the third quarter is a healthy US$ 5.84 per kg. It is now well placed to make constitutional amendments with the support of its allies. 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 … Tea bags. Mn 2020 US$. Meanwhile, the Sri Lanka government and the EDB have set new investment and export targets for the year 2020, eyeing USD 2.5 Billion in foreign direct investments and USD 18.5 Billion in export revenue. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. Sri Lanka was also awarded the top-performing ESL team for secondary English speaking countries. In addition, the Sri Lanka EDB Chairman Prabhash Subasinghe has revealed plans to diversify the country’s export basket through diversification and implementation of short to mid-term strategies to empower exporters and to bolster export revenue. In partnership with the Joint Apparel Association Forum (JAAF) and the Sri Lanka Export Development Board (EDB), the program included two webinars for over 100 industry participants that prepared them to break into the U.S. market. All rights reserved. The United States is helping Sri Lankan apparel producers to export Personal Protective Equipment (PPE) to the United States. 122,844. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. Read More. (7) During its sixth review of Sri Lanka’s economic performance under the program supported by an extended arrangement under the Extended Fund Facility (EFF), IMF observed that “The Sri Lankan economy is gradually recovering from the impact of the Easter Sunday terrorist attacks. 12/04/2020 125,629. +94 11 454 2231, +94 11 452 8494 info@jaafsl.com . The free-market economy of Sri Lanka is worth $92.111 billion by nominal gross domestic product (GDP) and $321.856 billion by purchasing power parity (PPP). "Sri Lanka's external sector recovered further in September 2020, supported by the continued improvement in the trade deficit, a notable increase in workers' remittances and the resultant stability in the domestic foreign exchange market," the CBSL said in a report published Monday. (6), The same optimism has been conveyed by the IMF in projecting a real GDP of 3.7% for Sri Lanka for the year 2020. 292,657. 4,620. As per the shipping lines, there is a tendency for this situation to continue until March 2021. Read More. In addition, Sri Lanka is expected to push for expansions in the logistics sector and mineral excavation industries through private-public partnerships, presenting more possibilities for industry expansion. Oct 09, Colombo: Sri Lanka’s trade deficit narrowed in August 2020, as imports declined at a faster pace than the decline in exports. However, the country’s industry sector marked a higher growth, registering 2.6% against 1.4% in the year 2018. COLOMBO (News1st): Prime Minister Mahinda Rajapaksa has said that the government will focus on improving fisheries exports to generate revenue to the - … Exports a billion dollars for the 3rd time in 2020 - Export Performance in September 2020. 4,749. 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 - … Mahinda Rajapaksa's Sri Lanka Podujana Peramuna (SLPP) won the parliamentary election on August 5th with a huge majority. 22,913. Although its growth was marred by a series of trade union action and the decline of tea prices, Sri Lanka’s tea industry also recorded a USD 1.24 Billion worth of exports.(1). Economic Indicators for Sri Lanka including actual values, historical data, and latest data updates for the Sri Lanka economy. Growth is projected to strengthen to 3.5 per cent in 2020, from 2.7 per cent in 2019, as tourist arrivals and related activities gradually recover.”, Among their recommendations for recovery, the IMF had included: sustained efforts to mobilize revenues in 2020 to reduce public debt, while preserving space for critical social and investment spending; establishment of an independent public debt management agency over the medium term to sustainably anchor and manage public debt, and the advancement state-owned enterprise reforms in the electricity sector to reduce fiscal risks.(8). 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.

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