V- shaped recovery for Lankan exports as June export earnings reach $ 950 mn – EDB

Sri Lanka’s export earnings have increased to US $ 950 million in June 2020 from US $ 602 million in May, customs provisional statistics outlined, which is a positive signal that Sri Lanka is in the path of recovery faster than anticipated.

Hence, noting that the June exports have surpassed the US $ 602 million recorded in May, The Export Development Board (EDB) stated that this is a V-shaped recovery (a sharp rise back) for Sri Lankan exports.

Meanwhile, addressing a media briefing in Colombo this morning (8) Basil Rajapaksa – the National Organizer of the Sri Lanka Podujana Peramuna also expressed his thoughts on this.

“Sri Lanka’s export earnings have increased to US $ 950 million in June 2020.”

“This is a big win for us. In April Sri Lanka’s export earnings declined to US $250 million”

“Hence, this is not a U-turn but a V- turn recovery,” he added.

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