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Sri Lanka records USD 798.9 Mn exports in April 2021 - Adaderana Biz English


Sri Lanka records USD 798.9 Mn exports in April 2021
May, 20, 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.
This growth could be attributed to the gradual lifting of Covid 19 restrictions imposed within the country and globally. It must be noted that the year-on-year growth in April 2021 was largely due to the negative growth a year ago. ....

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Ringgit opens firmer on higher crude prices


KUALA LUMPUR: The ringgit opened firmer against the US dollar today on renewed buying interest, tracking the steadier oil prices, said an analyst.
At 9 am, the local currency stood at 4.0985/1015 against the greenback from Wednesday’s close of 4.1000/1050.
Markets were closed on Thursday for Nuzul al-Quran public holiday.
On Thursday, benchmark Brent crude rose 1.61 per cent to US$68.41 a six-week high as the US economy’s brighter outlook and oil demand offset bearish demand prospects from the COVID crisis in India.
Locally, the analyst also said Malaysia s positive trade performance data for March 2021, coupled with the resumption of economic activities and global stimulus spending helped lift the sentiments for the local currency. ....

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Sri Lanka's exports show remarkable rise despite pandemic situation across world – EDB Chairman - Adaderana Biz English


Sri Lanka’s exports show remarkable rise despite pandemic situation across world – EDB Chairman
April, 29, 2021
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.
Earnings from merchandise exports increased by 11.51% in first quarter 2021 to US$ 2,954.53 Mn compared to first quarter 2020.
This growth could be attributed to the gradual lifting of Covid 19 restrictions imposed within the country and globally.
Export Development Board (EDB) Chairman Suresh De Mel said; “Sri Lanka’s exports show a remarkable rise despite the current pandemic situation across the World”. ....

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Sri Lanka's earnings from exports reached USD 908Mn in January


.
Export
of Services
The services exports estimated by EDB which includes
ICT/BPM, Construction, Financial services and Transport & Logistics show
exports of US $ 353.98 Mn for the month of January 2021 compared to US$ 331 Mn
recorded in January 2020. Estimated service exports increased by 6.94 % in
January 2021 in comparison January 2020.
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