Economy & Growth

Coconut product exports surge in November 2024

Binali
Dec 23 2024
12

The Sri Lanka Export Development Board (EDB) reports a notable 13.08% growth in export earnings from coconut-based products for November 2024. These earnings increased from $62.06 million in November 2023 to $70.18 million in November 2024.

Cumulative earnings for the January to November 2024 period also rose by 19.86%, reaching $782.32 million compared to $652.70 million in the same period last year.

However, Sri Lanka Customs’ provisional data indicate a 5.6% decline in merchandise exports for November 2024, with earnings recorded at $943.1 million.