Expenditure on imports down by 9.3% year-on-year

Friday, 03 May 2013 - 14:02


Earnings from exports declined by 2.9 percent, year-on-year, to US dollars 798 million in February 2013, as earnings from both agricultural exports and industrial exports declined.

Earnings from exports of agricultural commodities declined mainly as a result of lower earnings from rubber and coconut exports.

Lower export earnings from several items including diamonds, jewellery, petroleum products, rubber products and animal fodder resulted in earnings from industrial exports declining.