88.5% of revised export target met so far, says EDB Chief

Friday, 25 December 2020 01:40 - - {{hitsCtrl.values.hits}}

EDB Chairman Suresh De Mel

Export Development Board (EDB) Chairman Suresh de Mel yesterday said the country has achieved 88.5% of the revised target of merchandised and services exports within the first 11 months of this year.

He said during the period of January to November, earnings from exports recorded $ 11.84 billion including the estimated services data for July to November. This is 88.47% achievement from the revised export target of $ 13.39 billion set for 2020.

“Our resilient export community and all employees in the export sector should be admired for this remarkable performance in the prevailing crisis situation in the country and globally,” said de Mel, who was appointed recently.

According to him, the services exports estimated by EDB, which includes ICT/BPM, construction, financial services, and transport and logistics, amounted to $ 2.88 billion during January to November, down 16.85% from $ 3.44 billion in the corresponding period of last year.

He said the revised export target of the EDB for 2020 is $ 13.39 billion, comprising $ 9.57 billion from merchandise exports and $ 3.82 billion from services exports.

Further, earnings from merchandise exports and services exports achieved 93.83% and 74.87% of the target, respectively, during the period of January to October.

Exports dip extends

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