Embassy
Menu
  • Home
  • The Embassy
    • Ambassador
    • Staff
    • Address
    • SRI LANKA IN BRIEF
  • BUSINESS , INVESTMENT AND TENDER ANNOUNCEMENT
    • Why Invest in Sri Lanka
    • TRADE AND INVESTMENT
    • VISA RECOMENDATION PROCEDURE
  • WHATS ON
    • Media Article
    • Photo Captions
  • INDONESIA RELATIONS
    • Sri Lanka – Indonesia Historic Moments
    • Indonesia Relations Post
    • TRADE RELATIONS
  • ASEAN RELATIONS
  • Consular Service
    • Issuance of Relevant Visa Categories
    • APPLICATION FOR NEW PASSPORT
    • Registration of Birth
  • State Visit 2017 Photo Gallery
    • ARRIVAL
    • INTERACTION WITH SRI LANKAN COMMUNITY
    • AMBASSADOR OFFICIAL DINNER
    • PALACE
    • DEPARTURE
  • SRI LANKA PARTICIPATION AT EXPO 2020 DUBAI
  • TEA WITH SRI LANKA, YOUR FRIENDLY NEIGHBOR!
Embassy
  • Home
  • The Embassy
    • Ambassador
    • Staff
    • Address
    • SRI LANKA IN BRIEF
  • BUSINESS , INVESTMENT AND TENDER ANNOUNCEMENT
    • Why Invest in Sri Lanka
    • TRADE AND INVESTMENT
    • VISA RECOMENDATION PROCEDURE
  • WHATS ON
    • Media Article
    • Photo Captions
  • INDONESIA RELATIONS
    • Sri Lanka – Indonesia Historic Moments
    • Indonesia Relations Post
    • TRADE RELATIONS
  • ASEAN RELATIONS
  • Consular Service
    • Issuance of Relevant Visa Categories
    • APPLICATION FOR NEW PASSPORT
    • Registration of Birth
  • State Visit 2017 Photo Gallery
    • ARRIVAL
    • INTERACTION WITH SRI LANKAN COMMUNITY
    • AMBASSADOR OFFICIAL DINNER
    • PALACE
    • DEPARTURE
  • SRI LANKA PARTICIPATION AT EXPO 2020 DUBAI
  • TEA WITH SRI LANKA, YOUR FRIENDLY NEIGHBOR!
Economy and Trade, Media Article, Media Statement

EDB forecasts near $ 16 b total exports in 2021

posted by srilanka
Feb 15, 2021 226 0 0
Share

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

EDB in 2021 expects $ 12 billion from merchandise exports and $ 3.58 billion from services exports.

Chairman Suresh de Mel told the Daily FT that of the exports forecast, EDB expects $ 5.4 billion to come from apparel, $ 1.47 billion from tea, $ 998 million from rubber, and $ 809 million from coconut. 

From the other sectors, $ 427 million from food and beverage, $ 415 million from spices and concentrates, and $ 398 million from electrical and electronic components. Additionally, seafood exports are estimated to bring $ 229 million and diamond, gems, and jewelry a further $ 173 million.

In contrast, garments exports in 2020 were $ 4 billion, down by 24% from 2019. Rubber exports were $ 786 million, down by 9%; gems, diamonds, and jewelry down by 31% to $ 211 million.

In 2020, merchandise exports were $ 10 billion, down 16% from 2019. Overall exports and Earnings from merchandise exports recovered to a great extent in December 2020 from the setback suffered in the previous two months due to the second wave of the pandemic.

Earnings from exports in December 2020 were recorded at $ 964 million with a marginal decline of 3.5% from $ 1,000 million recorded in December 2019.

De Mel said spices and concentrates, processed food and beverages, seafood and aquaculture, coconut-based products, rubber-based products, electrical and electronic components, ICT/ BPM are some of the growth sectors of exports in 2021.

Earnings from merchandise exports recovered to a great extent in December 2020 from the setback suffered in the previous two months due to the second wave of the pandemic. Earnings from exports in December 2020 were recorded at $ 964 million with a marginal decline of 3.5% from the $ 1 billion recorded in December 2019.

EDB said in 2020 services exports, which include ICT/BPM, construction, financial services, transport, and logistics, were $ 2,976 million compared to $ 3,888 million in 2019, reflecting a decline of 23.46%. 

Share

  • Jakarta

  • Colombo
president

THE PRESIDENT Maithripala Sirisena

Prime minister

Prime Minister’s Office

CABINET OF MINISTER

LEGISLATURE

JUDICARY

JUDICARY

NEW BUSINESS AND INVESMENT OPPORTUNITY
Post
Flag Counter

You Might Also Like

The whole world – Ceylon Tea
Dec 29, 2020

The whole world – Ceylon Tea

Repatriation of Sri Lankan Students from South Asia Concludes
May 2, 2020

Repatriation of Sri Lankan Students from South Asia Concludes

Sri Lankans in Indonesia Joined For Unity Prayers
Apr 28, 2019

Sri Lankans in Indonesia Joined For Unity Prayers

SRI LANKA TOURISM SAFETY PROTOCOLS
Jan 15, 2021

SRI LANKA TOURISM SAFETY PROTOCOLS

Leave A Comment Cancel reply

Your email address will not be published. Required fields are marked *

Copyrights © 2017 Embassy of Sri Lanka. All Rights Reserved
Back top