This was mainly due to the increase in earnings from export of Apparel & Textiles, Tea, Rubber based products, and Coconut based products and Spices & Concentrates.

Notably, after a gap of two years, Apparel & Textiles exports surpassed the US$ 500 million mark in August 2024.Furthermore, export performance in August 2024 increased by 3.1 % compared to July 2024.

The estimated value of services exports for the month of August 2024 was US$ 318.77 Million, increasing 6.49 % over the corresponding period of 2023.Consequently, total exports for August 2024, including both merchandise and services, were recorded at US$ 1,483.13 million, increasing 4.67 % over the corresponding period of 2023.