Export rates in January has dropped by 2.5 per cent compared to the same time last year.
A Central Bank report has also noted that imports rate has also dropped by 5.5 per cent.
Trade deficit has contracted by 9.1 per cent from last year.
The deficit in the trade account contracted in January to 695 million US dollars compared to 765 million US dollars in January last year.
However, exports in textiles and garments has improved by 13.3 per cent.