Tuesday, 11 February 2014 - 10:25
Sri Lanka's trade deficit contracts 12.9 percent in December 2013
Sri Lanka's trade deficit in December 2013 narrowed further by 12.9 percent to 565 million dollars as earnings from exports increased, while imports reduced notably during the month.
Earnings from exports, which surpassed the 1 billion dollar mark in the previous two months, increased by 13.2 percent to 986 million dollars in December 2013 while the import expenditure increased marginally by 2.1 percent to 1.55 billion dollars.
On a cumulative basis, earnings from exports during the year grew by 6.3 percent to 10.39 billion dollars, while expenditure on imports contracted by 6.5 percent to 18 billion dollars.