INSUBCONTINENT EXCLUSIVE:
(EDB).Earnings from the merchandise exports increased by 9.9 % y-o-y to US$ 980.2 million in May 2022 as per the data released by the Sri
Electronic Components.Major product sectors except Spices - Concentrates, Tea and Rubber-based products; Apparel - Textiles, Coconut based
products, Electrical - Electronic components and Food - Beverages, Seafood and Ornamental fish, recorded increased exports in May
2022.Exports of Apparel - Textiles increased by 30.1% y-o-y to US$ 482.7 million in May 2022
The increase was driven by both Apparel and Textiles.For the first five months of 2022, merchandise exports increased by 9.7% to US$ 2,400.6
Apparel - Textiles, Coconut based products, Electronics - Electronic Components, Food - Beverages, Seafood and Ornamental fish, recorded
increased exports.Apparel - Textile exports increased by 16.3% to US$ 2,400.6 Mn during the period of January to May 2022 compared to the
Textile Articles (-3.04%), exports of other sub categories of Apparel - Textiles sector increased.Strong Export Growth recorded for top 5
export markets in the month of May 2022 and the period of January to May 2022.During the month of May 2022, exports to United States, Sri
The better performance led by increase in exports of Apparel - Textile (40.83%) and Coconut based products (29.69%).The single largest
significant year on year increase of 20.32 % in comparison to US$ 1,133.71 Mn recorded in 2021.Click to Read Full Article...
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