Sri Lanka’s total exports for November 2024, encompassing both merchandise and services, reached US$ 1,269.33 million, reflecting a slight increase of 0.04% compared to November 2023, the Export Development Board (EDB) reported.
Provisional data from Sri Lanka Customs indicates that merchandise exports for November 2024 stood at US$ 943.1 million, marking a 5.6% decline compared to the same period last year. This drop was attributed to reduced earnings from key sectors, including rubber-based products, electrical and electronic components, food and beverages, and seafood.
In contrast, services exports saw significant growth, estimated at US$ 326.23 million for November 2024—an increase of 20.89% compared to November 2023.
The growth in services exports provided a critical offset to the decline in merchandise exports, ensuring a stable overall export performance for the month.
