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Friday, August 22, 2014 - 06.53 GMT
SL exports increased on EU, US demand for garments

 

The Central Bank says country’s trade deficit narrowed substantially this year, thanks to increased demand for clothing exports to the United States and Europe. Exports jumped 16.8 percent to 5.44 billion dollars in the first six months of calendar 2014 compared to the same period last year.

Imports meanwhile, declined 1.2 percent to 8.99 billion dollars compared to the same period last year. Overall, the trade gap reduced from 4.44 billion dollars in the first six months of last year to 3.55 billion dollars in the same period this year.

Sri Lanka’s exports in mainly garments to the EU jumped 34.6 per cent, while those to the US increased 12.1 percent, as Sri Lanka’s 4.5 billion dollar clothing sectors recovers from a slowdown.

 


 

 
 
   
   
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Last modified: August 22, 2014.

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