October exports fall 6%, imports down 6.4%

8 January 2016 02:45 am - 0     - {{hitsCtrl.values.hits}}


Sri Lanka’s October exports fell 6 percent to US $ 847.3 million amid lower global demand, the Central Bank data released yesterday showed.
Both industrial and agricultural exports showed slowdowns.
The imports also fell at a rate of 6.4 percent to US $ 1, 638.3 million, mainly due to lower oil imports. As a result, October trade balance narrowed 6.8 percent to US $ 791 million.

However, the trade deficit for the first 10 months of 2015 rose 2.5 percent to US $ 6, 936 million.
Earnings from worker remittances rose marginal 0.8 percent during October 2015 to US $ 605.1 million.
Worker remittances in the first 10 months rose 1.7 percent to US $ 5, 787.3 million.
A slowdown in worker remittances is expected in 2016.

  Comments - 0

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment

Kidneys that whisper death

A flute version of Beethoven’s ‘Für Elise’ was echoing from a distance

Burning Panamanian tanker leaves SL authorities gutted

Weeks after MV Wakashio, a Japanese-owned bulk carrier, ran aground a coral r

New Diamond on Fire

The fire has been contained, now where will the oil go?


To have received her son’s death certificate on the day she brought him to