Earnings from exports declines by 2.9%

Sunday, 05 May 2013 - 8:47



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.


A Central Bank release said, lower export earnings from several items including diamonds, jewellery, petroleum products, rubber products and animal fodder resulted in earnings from industrial exports declining,.