Sri Lanka exports up 2.2-pct in Dec 2014, full-year up 7-pct

COLOMBO (EconomyNext) – Sri Lanka’s exports rose 2.2 percent from a year earlier to 1,009 million US dollars in December 2014 from a year earlier while imports rose 15.9 percent to 1,797 million US dollars, the Central Bank said.

The trade gap widened 39 percent to 787 million US dollars as credit growth picked up. Private credit rose to a historical high of 76 billion rupees in December, the Central Bank said.

Annual exports rose 7 percent to 11.1 billion US dollars and imports rose 7.9 percent to 19.4 billion US dollars.

The annual trade gap rose 9.1 billion US dollars 8.29 billion US dollars.