Monday, 15 December 2014 - 8:36
Sri Lanka external trade crunched in October 2014: Trade deficit widen significantly: Central bank.
Sri Lanka's exports declined by 13.7 percent, to 899 million US dollars in October 2014 from a year earlier with largest contribution from textiles and garments followed by transport equipment and rubber products.
The Central Bank said, that apparel exports were down 8.7 percent to 398.4 million US dollars in October 2014 with the decline in garment exports to the EU and to the USA by 10.1 percent and 8.4 percent.
In the nine months to October, exports up 9.7 percent to 9,186.7 million US dollars, imports up 7.3 percent to 15,972.5 million US dollars and the trade gap widen 4.3 percent.