Minister of Industries and Commerce Rishad Bathiudeen said that the export earnings increased by 15.7% in the first quarter of 2014 compared to the same period last year.
Exports in Sri Lanka increased to USD 2.8 billion in the January-March quarter of 2014 from USD 2.36 billion during the January-March quarter in 2013.
Stating this, Minister of Industries and Commerce Rishad Bathiudeen said that the export value increase in the first quarter of 2014 was 15.7% more than the figure of the same period last year.
He said the main contributions to the exports growth came from agriculture, industrial and fisheries sectors. During the first quarter, the fisheries exports recorded US$ 71 million, a 23% increase over the same period in 2013.
Agriculture and industrial exports reached US$ 635.24 million and US$ 2086 million respectively marking a growth rates of 21% and 18% respectively.
The garment exports earned US$ 1257 million, a 20% increase.
Another significant growth was the coconut products exports and it earned US$ 125 million, marking a 68% hike. Tea export earnings went up to US$ 383 million during the quarter.
In the month of March 20-14, the export earnings crossed the US$ billion mark, ending the month with the figure US$ 1.06 billion.