Local exporters hoping for better 2021

Things seem to be getting better for Export-Oriented Enterprises (EOE) Sector over the first quarter of 2021.

The value of exports of the EOE Sector, which stood at Rs10.2 billion during the period January to April 2020, has surged by 24.4% to attain Rs12.72 billion over the corresponding period in 2021.

Exports of textiles and wearing apparel increased by 24.7%, to reach Rs6.2 billion over the period January to April 2021, compared to Rs4.97 billion over the corresponding period in 2020.

Exports of textile yarn and fabrics increased by 47.0%, in terms of value, during the first four months of 2021, compared to the corresponding period in 2020. 

In the non-textile sub-sectors, exports of the “fish and fish preparations” sub-sector have witnessed an increase of 15.9%; exports of “medical devices” increases by 58.4% and exports of watches and clocks soared by 91.1%.