Sri Lanka Exports up 12.9-pct in Sept

Sri Lanka’s exports were up to 1.011 million dollars, a rise of 12.9 percent with growth in the textile and apparel sectors, new data shows.

“The USA, UK, India, Italy and Germany were the leading markets for merchandise exports of Sri Lanka in September 2017, ” the central bank said.

Industrial exports were up 11.1 percent to 744.5 million dollars in September, with apparel up 12.9 percent to 431.5 million US dollars.

Agricultural exports were up 17.3 percent to 262.7 million dollars.

“This was due to the improved performance in tea, owing to higher prices in the international market and growth in export volumes,” the bank said.

“Earnings from spices also increased considerably due to higher export volumes of pepper, cloves and cinnamon.”

Rubber products grew 13.3 percent to 76.5 million US dollars.

Manwhile, imports grew 9.7 percent to 15,263.7 billion rupees with fuel and rice imports up but most consumer goods imports fell.

The trade gap up to September expanded 8.2 percent to 6.84 billion rupees.

Courtesy : LBO