Sri Lanka strong export recovery in June to US$950mn: Basil

ECONOMYNEXT -Sri Lanka exports has rebounded to 950 million US dollars in June after falling to 250 million US dollars in April 2020, amid a Coronavirus crisis, which shows as strong recovery, Basil Rajapaksa, national organization for President Rajapaksas party said.

“We have been able to do 950 million dollars of exports in June according to data we have got,” Rajapaksa, who is President Rajapaksa’s brother told reporters.

“This is a big victory. This is not a U-turn, it is a V-turn. We have got a number close to last year’s level.”

Sri Lanka’s exports plunged in April with the Coronavirus lockdowns but operations were progressively allowed under health regulations.

Tea and coconut auctions resumed online. Apparel firms also shifted to personal protective equipment. (Colombo/July09/2020)