Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka's trade deficit contracts 12.9 percent in December 2013
Mon, Feb 10, 2014, 08:01 pm SL Time, ColomboPage News Desk, Sri Lanka.

Feb 10, Colombo: Sri Lanka's trade deficit in December 2013 narrowed further by 12.9 percent to US$ 565 million as earnings from exports increased, while imports reduced notably during the month, the Central Bank said Monday releasing the External Sector Performance review.

Earnings from exports, which surpassed the US$ 1 billion mark in the previous two months, increased by 13.2 percent to US$ 986 million in December 2013 while the import expenditure increased marginally by 2.1 percent to US$ 1.55 billion.

On a cumulative basis, earnings from exports during the year grew by 6.3 percent to US$ 10.39 billion, while expenditure on imports contracted by 6.5 percent to US$ 18 billion.

Earnings from agricultural exports increased 10.7 percent for the year to US$ 2.58 billion while the Industrial Products increased by 5.0 percent to US$ 7.74 billion.

Export of garments to the EU and US, which are the major export destinations for garments, grew by 24.9 percent and 35.6 percent, respectively in December 2013. Accordingly, earnings from textiles and garment exports increased 13 percent to US$ 4.5 billion in the year.

During 2013 Workers' Remittances grew by 13 percent to US$ 6.76 billion and earnings from tourism increased 35 percent to US$ 1.4 billion.

By the end of 2013, Sri Lanka's gross official reserves amounted to US$ 7.2 billion, while total international reserves, which include foreign assets of commercial banks up to November 2013, amounted to US$ 8.3 billion.

ColomboPage - Recent 10 Stories
Sri Lanka's first ever International Film Festival begins today in Colombo
-- [6 hours ago]
Sri Lanka Freedom Party 63rd anniversary celebrations in Badulla today
-- [6 hours ago]
Sri Lanka's Laugfs Gas ventures into international shipping and maritime services
-- [8 hours ago]
Sri Lanka hopes for better relations with new UNHRC Chief
Bank of Ceylon extends anti-money laundering contract with Callcredit Group
The best we can give our children is education - Sri Lankan President
Sri Lankan court allows deportation of Pakistani asylum seekers
Sri Lanka state hospitals back to normal as the supplementary staff ends the strike
Plans underway to give Sri Lanka's phosphate deposit to China, civil society movement charges
Sri Lanka's veteran trade union leader Bala Tampoe passes away

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.