Export earnings increase to record levels

Export earnings increase to record levels

Sri Lanka’s external sector strengthened further with continued inflows to the Current Account and the Financial Account of the Balance of Payments.
These inflows resulted in a significant increase in the overall balance as at end December 2013.

Earnings from exports recorded an increase, while a notable reduction in imports was witnessed during the month, considerably reducing the trade deficit.
Trade Account of the BOP Earnings from exports, which surpassed 1 billion dollars during the preceding two months continued to rise in December 2013, recording an increase of 13.2 percent in December 2013, while expenditure on imports recorded a marginal increase of 2.1percent.