According to figures issued by Sri Lanka Customs and as per Sri Lanka Import-Export Trade Data, Sri Lanka's merchandise exports climbed by 16.71 percent to US$ 1,125.69 million in December 2021 compared to December 2020. In comparison to December 2019, there was a 12.48 percent rise in December 2021.
In December of this year, exports remained above one billion dollars for the sixth month in a row.
Hon. Trade Minister, Dr. Bandula Gunawardena, releasing the latest preliminary figures, praised exporters' contributions to the economy despite the extraordinary economic difficulties they faced, promising greater help to meet the $ 20 billion objectives this year.
Sri Lanka Export Summary of December 2021
Based on Sri Lanka Export Data, Apparel & Textile export earnings climbed 17.88 percent y-o-y to $ 531.05 million in December 2021, owing to excellent success in Apparel (17.56 percent) and Woven Fabrics exports (86.18 percent ). Exports of Made-Up Textile Articles fell by 31.14 percent year over year in December 2021 compared to December 2020.
Rubber and Rubber Finished Products export earnings climbed 17.57 percent year over year to $ 93.49 million in December 2021, thanks to good performance in shipments of Pneumatic and Retreated Rubber Tyres and Tubes (39.92 percent ).
Export profits of kernel goods, fiber products, and shell products classified as Coconut based grew by 30.15 percent, 6.3 percent, and 46.3 percent, respectively, in December 2021 compared to December 2020, according to the Sri Lanka export data list.
Export earnings from Coconut Oil, Desiccated Coconut, Coconut Milk powder, Coconut cream, and Liquid Coconut Milk, all of which fall under the category of Coconut Kernel Products, increased by 8.15 percent, 50.62 percent, 40.27 percent, 18.69 percent, and 33.98 percent in December 2021, respectively.
Coco Peat, Fiber Pith, and Molded Goods, which are classed under the Coconut fiber products category, rose by 8.83 percent to US$ 11.96 Mn in December 2021 compared to December 2020, making it the highest contributor to the Coconut based industry. In December 2021, earnings from Activated Carbon, which is classified as a Coconut shell product, climbed by 47.07 percent to US$ 14.68 million, compared to December 2020 according to Sri Lanka export data 2020.
Food and beverage export earnings climbed 40.71 percent to US$ 38.78 million in December 2021, compared to December 2020. This rise is mostly attributable to an increase in processed food exports (73.54 percent) and animal feed exports (57.81 percent ).
Electrical & Electronics Components export profits climbed 2.16 percent year over year to US$ 36.94 million in December 2021, owing to good performance in exports of Insulated wires & cables (23.87 percent), Switches, Boards & Panels (27.21 percent), and Electrical Transformers (64.8 percent ).
Sri Lanka export data list contains the names of its top export trading partner countries from all over the globe.
Spices & Concentrates export profits grew 32.48 percent year over year to US$ 43.98 million in December 2021, with Cinnamon (10.67 percent) and Pepper (10.67 percent) showing particularly robust growth (92.09 percent ).
When compared to December 2020, Seafood export revenues grew by 85.13 percent to US$ 26.64 million in December 2021. The rise was mostly due to higher revenues from the export of frozen fish (109.47%), shrimp and prawns (46.05%), fresh or chilled fish (105.47%), and other edible fish (55.07 percent ).
Furthermore, compared to December 2020, export revenues from ornamental fish surged by almost 100 percent to US$ 2.07 million in December 2021.
Major Exports of Sri Lanka During Jan-Dec 2021
Exports of Sri Lanka list 2020-2021,
Exported Goods | Jan-Dec 2020 Value in USD ($) | Jan-Dec 2021 Value in USD ($) | Growth in % (2020-2021) |
Apparel & Textile | 4,406 | 5,415.92 | 22.93% |
Tea | 1,241 | 1,324.38 | 6.72% |
Rubber-based | 816 | 1092.60 | 33.87% |
Coconut-based | 665 | 836.10 | 25.81% |
Diamond, gems and jewelry | 148 | 292.49 | 97.32% |
Electronics and electronic components | 328 | 421.42 | 28.38% |
Spices and concentrates | 335 | 456.71 | 36.14% |
Processes food and beverages | 351 | 443.98 | 26.36% |
Seafood | 190 | 274.07 | 44.40% |
Ornamental Fish | 13 | 20.97 | 60.94% |
Vegetables | 26 | 27.44 | 6.60% |
Fruits | 36 | 39.46 | 10.66% |
Other export crops | 68 | 68.58 | 1.46% |
Flowers and foliage | 13 | 16.20 | 28.47% |
Boatbuilding | 2 | 37.81 | 1482.01 |
Petroleum products | 272 | 234.36 | -13.77% |
Other | 1,137 | 1,472.80 | 29.53% |
Total Merchandise exports | 10,047 | 12,475.29 | 24.17% |
Buy Sri Lanka export data year wise to gain insights into the trade activity of Sri Lanka exports that take place in this country throughout the year. Sri Lanka import-export trade data aid businesses, traders, and manufacturers from all around the globe in their business-related decision-making processes.
Sri Lanka trade statistics help you evaluate the overall supply, trends, and demand in the Sri Lankan trade market. This allows you to form your import-export business trade strategy based on the market demands and trends offering you grab more potential business opportunities for your global import-export trade business.
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