Srilanka, Jan. 28 -- Sri Lanka's export sector ended 2024 on a positive note, with merchandise exports reaching US $ 12.7 billion, reflecting a 6.67 percent growth year-on-year (YoY).

The official data released by the Export Development Board yesterday showed that services exports also recorded a promising growth, with an estimated increase of 8.51 percent YoY to US $ 3.46 billion during 2024.

Earnings from the export of apparel, tea, rubber products, coconut products, food and beverages and spices and concentrates increased by 3.83 percent, 9.62 percent, 7.66 percent, 20.9 percent, 11.7 percent and 16.11 percent, respectively during January to December 2024, compared to the corresponding period in 2023.

However, earnings from the exp...