Sri Lanka sea food exports to EU up 171-pct in November

ECONOMYNEXT – Sri Lanka’s seafood exports to the European Union are continuing their rapid recovery since the lifting of the EU ban and rose 171.2 per cent in November 2016 from the year before, the Central Bank said.

Total earnings from seafood exports increased 18.2 per cent to $15.8 million year-on-year, in November, it said in a statement on the external sector’s performance.

Seafood exports were “continuing (their) impressive growth performance since the lifting of the ban on seafood exports from Sri Lanka to the EU,” it said.

Growth in seafood shipments came on the back drop of a 3.4 per cent fall in total export earnings to $809.7 million in November 2016 from a year ago.

Overall exports were dragged down by lower shipments of textiles and tea, reversing the year-on-year increasing trend in the previous three months, the Central Bank said.
(COLOMBO, March 13, 2017)

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