Sri Lanka's exports dropped by 15-pct in Sept compared to Aug amid decreased demand.
Sri Lanka's merchandise exports decreased by 11.88 % to US$ 951.5 Million in September 2023 compared to September 2022 as per the provisional data released by Sri Lanka Customs. Also, it is a 14.94 % decrease when compared to the value recorded in August 2023.
The decline in merchandise exports is due to decreased demand for export products, particularly in sectors such as Apparel and textiles, Rubber and rubber-based products, and Coconut and coconut-based products.
The...
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