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Sri Lanka sea food exports to EU up 200-pct

ECONOMYNEXT – Sri Lanka’s exports of sea food to the European Union, which accounts for about 28.7 per cent of total sea food exports, grew over 200 per cent in September 2016 from a year ago, the central bank said.

Export earnings of sea food increased, both in value and volume terms, in September 2016, it said in a statement.

The growth in earnings from sea food exports to the EU, for the second consecutive month, showed improved demand from the EU after it removed the fish export ban imposed on Sri Lanka.

In contrast, earnings from textiles and garments exports, which account for around 43 per cent of total export earnings, contracted for the second consecutive month by 7.1 per cent, year-on-year, to 382 million US dollars, the central bank said.

This was due to a temporary slowdown in global demand for garment exports from the traditional markets, such as the USA and EU, in September 2016.
(COLOMBO, Jan 11, 2016)

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