Sri Lanka’s export earnings have increased to US $ 950 million in June 2020 from US $ 602 million in May, customs provisional statistics outlined, which is a positive signal that Sri Lanka is in the path of recovery faster than anticipated.

Hence, noting that the June exports have surpassed the US $ 602 million recorded in May, The Export Development Board (EDB) stated that this is a 'V-shaped' recovery (a sharp rise back) for Sri Lankan exports.

Meanwhile, addressing a media briefing in Colombo this morning (8) Basil Rajapaksa - the National Organizer of the Sri Lanka Podujana Peramuna also expressed his thoughts on this.

“Sri Lanka’s export earnings have increased to US $ 950 million in June 2020.”

“This is a big win for us. In April Sri Lanka’s export earnings declined to US $250 million”

“Hence, this is not a ‘U-shaped’ recovery, this is a ‘V-shaped’ recovery, which shows we are capable of doing well ” he added.