Sunanda Bandara on automobile imports: Has sized up risk, with outsized claim on data
Export earnings in December 2024 were USD 1,101 million. Import expenditure in that month was USD 1,924 million. This shows that by last December, the country was spending more on imports than it did in the pre-Covid era. The export-import gap in that month was USD 822 million. Opening the doors to automobile imports in such a situation is an undertaking that carries somewhat of a risk.
Lankadeepa | February 5, 2025
Posted on: 16 May, 2025
Partly True
Sunanda Bandara bowls a wide on the widening trade deficit
[…] The gap between export earnings and import expenditure is gradually widening due to the country lifting all import bans except for vehicle imports in the recent past. […] The trade deficit of the first nine months of this year is USD 1,141 million more than last year’s.
| November 11, 2024
Posted on: 29 January, 2025
False
EDB Chair overserves ICT role in growth of service exports
Last year, service exports recorded 3.1 billion dollars in revenue compared to 2022, reflecting a 69% growth, mainly driven by ICT, logistics, transport and construction.
Sri Lanka Business | October 16, 2024
Posted on: 9 December, 2024
True
Minister Sabry exposes anaemic export growth with imprecise numbers
In 1991, Bangladesh only exported goods worth roughly USD 2.2 Bn. Vietnam exported goods worth around USD 3 Bn. Sri Lanka exported goods worth around USD 2.8 Bn. Today, by 2024, Bangladesh’s exports have reached USD 87 Bn, Vietnam is exporting worth USD 464 billion, having built a large economy. In Sri Lanka, our exports are still worth [only] USD 16 Bn.
Parliament of Sri Lanka YouTube channel | June 7, 2024
Posted on: 13 September, 2024
Partly True