Arab Today, arab today sri lankas exports rise 157 in first 5 months
Last Updated : GMT 13:26:34
Arab Today, arab today
Arab Today, arab today

Sri Lanka's exports rise 15.7% in first 5 months

Arab Today, arab today

Arab Today, arab today Sri Lanka's exports rise 15.7% in first 5 months

The central bank of colombo
Colombo - XINHUA

Sri Lanka's exports grew by 15.7 percent to 4.45 billion U.S. dollars during the first five months of 2014 when compared to the same period last year, the central bank said here on Monday.
The export sector strengthened further and trade deficit narrowed for the eighth consecutive month in May by falling 47.9 percent to 393 million U.S. dollars.
Earnings from exports in May increased significantly on a yearly basis, up by 11.1 percent to 882 million U.S. dollars, while expenditure on imports declined by 17.6 percent to 1.275 billion U.S dollars.
The cumulative trade deficit for the first five months of the year contracted by 19.3 percent, as a result of a 15.7 percent growth in export earnings and a 1.5 percent decline in import expenditure, the central bank added in its report.
The largest contribution to the overall growth came from exports of industrial products, followed by those of agricultural products.
Earnings from exports of industrial products grew by 7.7 percent in May to 639 million U.S. dollars, reflecting positive performance in almost all sub categories.
Textiles and garment exports made the largest contribution, growing by 14.5 percent to 365 million U.S. dollars in May compared to the same period last year.
Earnings from agricultural products exports increased 21.2 percent in May to 239.9 million U.S. dollars, out of which tea exports increased by 9.7 percent to hit 140.6 million U.S. dollars.
By the end of May, Sri Lanka's gross official reserves amounted to 8.8 billion U.S. dollars, while total international reserves, which include foreign assets of commercial banks, amounted to 10.2 billion U.S. dollars.
"The domestic foreign exchange market has remained relatively stable during the year so far up to July 11, 2014, with the rupee marginally appreciating by 0.40 percent against the U.S. dollar," the central bank said.
The central bank has projected the island's economy to grow by 7.8 percent in 2014

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sri lankas exports rise 157 in first 5 months Arab Today, arab today sri lankas exports rise 157 in first 5 months

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sri lankas exports rise 157 in first 5 months Arab Today, arab today sri lankas exports rise 157 in first 5 months

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday