Exports jump 11.8% January-July

0
48

Merchandise exports during the first seven months of this year increased 11.8 per cent to US$ 7,604.12 million compared to the corresponding period of 2021, as earnings July increased 2.25 per cent year-on-year to USD 1,128.7 million in July 2022.

Apparel and Textile exports increased 20.01 per cent to US$ 3,517.44 million during the period of January to July 2022 compared to the same period of 2021.

For the period of January to July 2022, export earnings from Coconut and Coconut based products expanded 7.98 per cent to USD 501.47 million.

Meanwhile earnings from export of Electrical and Electronic Components (EEC) increased 11.53 per cent to USD 269.3 million in the period of January to July 2022 compared to the corresponding period of 2021.

Export earnings from Seafood increased 10.88 per cent to US$ 162.82 million in the period of January to July 2022 compared to year 2021 due to the better performance in all the sub categories.

However, earnings from export of ornamental fish marginally decreased 1.03 per cent to USD 11.52 million during the period of January to July 2022 compared to year 2022.

Export earnings from Tea decreased 9.24 per cent to USD 694.9 million during the period of January to July 2022 compared with the corresponding period of 2021.

Export earnings from Rubber and Rubber finished products slightly decreased 1.74 per cent to USD 605.85 million during January to July 2022 compared with the same period of 2021.

In July this year, major product sectors except Rubber based products, Coconut based Products and Spices and Concentrates; Apparel and Textiles, Tea, Electrical and Electronic components, Diamonds, Gems and Jewellery and Food and Beverage exports increased

Exports of Apparel and Textiles increased 21.55 per cent yoy to USD 550.05 million in July 2022.

Export earnings from tea in July 2022 which made up 11 per cent of merchandise exports, increased 2.08 per cent yoy to US$ 117.52 million.

Export earnings from the Electrical and Electronics Components increased 4.36 per cent yoy to USD 41.18 million in July 2022.

However, export earnings from Rubber and Rubber Finished products have decreased 7.67 per cent yoy to D 89.24 million in July 2022.

Export earnings from Seafood decreased 48.99 per cent to US$ 20.65 million in July 2022 compared to July 2021.

Export earnings from Ornamental fish decreased 72.47 per cent to US$ 1.36 million in July 2022 compared to July 2021.

Export earnings from Spices and Essential Oils decreased 26.2 per cent to USD 33.91 million in the month of July 2022 compared to month of July 2021.

By Mario Andree