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Tuesday, 27 March 2012 - 12:10
Export earnings decline
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In January 2012, earnings from exports stood at US $ 918 million, indicating a marginal decline of 0.6%, compared to that of January 2011, which was largely attributable to the decline in earnings from agricultural exports and higher base in January 2011.

Meanwhile, the expenditure on imports increased by 20.1% to US $ 1,883 million in January 2012, showing a deceleration for the second consecutive month.

Industrial exports, which contribute about 80% to the total exports, grew by 3.3% to US $ 733 million in January 2012.

Within industrial exports, textiles and garments remained the major contributor recording a growth of 1.6% to US $ 367 million.

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