Sri Lanka exports up in September, imports down

ECONOMYNEXT – Sri Lanka exports grew 5.7 percent from a year earlier to 989 million US dollars in September 2016 and imports fell 2.5 percent to 1,543 million US dollars, shrinking the trade deficit by 12 percent to 645 million dollars, an official said.

Central Bank’s Assistant Governor K Siriwardena said there was a price and volume pick up in tea. Apparel exports fell.

Imports of consumer goods were down with car imports falling, but building material and machinery imports were up, he said.

In the first nine months of the year imports contracted 1.7 percent to 13,986 million dollars.
Exports fell 3.0 percent to 7,763 million dollars.

The trade gap was almost unchanged at 6,183 million dollars, which was a marginal increase of 0.2 percent. The rupee has fallen 2.6 percent so far this year against the US dollar. (Colombo/November29/2016)

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