Export Revenues of BOI increases up to USD 6.6 billion

The exports revenues of the Board of Investment (BOI) amounted to USD 6.6 billion during the period between January and September, 2022, the top investment agency said.  

Despite recent economic difficulties, the BoI reports a 16 percent increase in merchandise exports as compared to the corresponding period of 2021. 

Wearing apparel, rubber products, textiles and fabrics, electronic and electrical goods, fabricated metal products, marine/fishing gear and accessories, footwear, leather products, PVC products, transport equipment, wood products, coir products, jewelry and lapidary, and printed materials are among the fifteen major sectors that have experienced average export growth of over 15 percent over the aforementioned period.

“The BOI has always been the fortuner of Sri Lanka’s export industry contributing over 65 percent to the country’s overall export earnings and 85 percent to the national industrial exports earnings,” Raja Edirisuriya, BOI Chairman said. 

He further emphasized that the enterprises should be congratulated as they have braved a series of challenges posed by COVID-19 conditions and economic setbacks. 

The BOI is currently focusing on both short-term as well as long-term strategic measures, which will result in increased FDI inflows to the country, he added. 

“As a short-term strategy to attract much-needed FDI, attracting and facilitating re-investments by existing companies while repositioning Sri Lanka as a high-tech FDI destination based on Industry 4.0, developing new zones dedicated to priority sectors and digitization of the entire investor experience to ensure seamless delivery of services to investors can be identified as long-term strategic initiatives,” he said.