Sat, 28 Jan 2023 Today's Paper

Imports race ahead of exports

25 September 2013 05:07 am - 0     - {{hitsCtrl.values.hits}}

A A A

July trade deficit widens 40%

Despite Sri Lanka’s July export earnings increasing 8 percent Year-on-Year, the highest in the first seven months, the import expenditure raced ahead, recording a 20.8 percent YoY increase, Central Bank statistics showed.

The export earnings rose to US $ 857.8 million, helped mainly by agricultural exports which rose 21.6 percent YoY to US $ 233.9 million. Tea export earnings during the month rose 20.2 percent YoY to US $ 135.6 million.

The export earnings from industrial exports edged up 3.7 percent YoY to US $ 620.5 million, of which apparel exports amounted to US $ 372.5 million, up 13.5 percent YoY. The earnings from rubber product exports reported a 1.7 percent YoY decline to US $ 67.9 million.

The expenditure on imports during the month of July rose to US $ 1.6 billion, from US $ 1.32 billion in the same month of the previous year, led by expenditure increases in all main import categories.

The import expenditure on consumer goods rose 30 percent to US $ 237.4 million. The oil bill in the month of July surged 110 percent YoY to US $ 434.8 million.

The expenditure on importation of investment goods rose 12.8 percent YoY to US $ 347.8 million. Machinery and equipment imports rose 29.7 percent YoY to US $ 191.1 million while moneys spent on building material importation stood at US $ 98.7 million, up 7.5 percent.

The trade gap of the month of July thus widened 40.1 percent YoY to US $ 743.3 million.

The cumulative export figure for the first seven months of 2013 stood at US $ 5.51 billion, down 2.7 percent YoY. The imports expenditure in the first seven months also fell 2.6 percent YoY to US $ 10.81 billion. The January-July trade gap narrowed 2.5 percent YoY to US $ 5.29 billion.

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

  Comments - 0

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

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




Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

Health System in the emergency room

Sandya Kumari from Kotahena has been experiencing chest pains since 2015 and

Canada’s targeted sanctioning of Gota and Mahinda

History was made last week when two former executive presidents of Sri Lanka

SC judgement on Easter attack: Court rules negligence stood in the way of avoiding most heinous crime

“On the ill-fated day of 21st of April 2019, this island home was awoken ru

Lasantha was a Fearless Editor who Spoke Truth to Power

Friends,Family members, colleagues, schoolmates and admirers of Lasantha Wick