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The trade deficit increased by 33%, while exports fell

The external trade deficit in Sri Lanka increased by 32.9 percent year-on-year to $ 1.05 billion in October, while exports slowed for two months, while import Equipment for the Colombo project increased Port City imports. Export gains in October slowed to a 0.9 percent growth to $ 855 million. Industrial exports grew by 4.3 per cent to textiles and clothing, major exports, marginal growth of 1.3 per cent year-on-year to $ 391.6 million through non-traditional markets after Several months of decline due to shocks in key markets. Exports of rubber products increased 8.1 percent year-on-year to $ 68.3 million from the sale of gloves and surgical tires, while exports of machinery and mechanical appliances increased 32.6 years Percent over one year to US $ 36.3 million, mainly through engineering teams. Agricultural exports decreased by 9.1 percent to $ 197.8 million annually, with tea, which boosted total export earnings in the previous two months through production reductions, recording From a drop of 9.4 percent to $ 108.1 million in October higher prices. Coconut exports increased by only 2.8 percent year-on-year to US $ 33 million, while exports of spices fell 21.8 percent year on year to $ 28.7 million. Imports in October rose 16.4 percent year-on-year to $ 1.91 billion, mostly driven by higher imports of capital goods, which rose 52.2 percent year on year to US $ 628.7 million. This is mainly due to the incorporation of a dredging vessel to be used for the land reclamation project for the City of Port of Colombo, which boosted the category of transportation equipment year 237.5 percent on The year to $ 258 US, $ 5 million. Excluding this investment of good imports, total imports increased by 5.2 percent per year in October. Imports of machinery and equipment also increased by 12.5 per cent year-on-year to US $ 235.6 million. Imports of intermediate goods increased 9.6 per cent year-on-year to 899 million, while imports of textiles and textile products increased by 35.5 per cent year-on-year to $ 232.4 billion. As fuel imports increased by 10.9 percent to $ 253.7 million. The country experienced a drought during the period. In the consumer goods segment, imports of food and beverages increased 44.1 percent year on year to US $ 159.8 million, mainly due to increased demand for sugar. Imports of vehicles fell 55.6 per cent year-on-year to $ 64.6 million due to a decline in 3-wheeled imports, despite a substantial increase in truck and tractor imports. In the first 10 months of the year, the trade deficit widened by 3.7 per cent year-over-year to $ 7.23 billion, exports fell 2.6 per cent to $ 8.62 billion, and Imports rose 0.2 percent to US $ 15.85 billion. Exports of textiles and clothing, which accounted for almost half of total exports with US $ 4.110 million, increased by 2.3 percent per year, while tea exports fell by 6.1 percent for To $ 1,060 million. Exports of rubber products decreased 0.4 percent year on year to US $ 644.3 million. Imports during the 10 months, vehicle spending fell 42.8 percent from the previous year to US $ 672.5 million due to higher taxes, while imports of machinery and equipment Of equipment increased by 20.8 percent year to $ 2.25 billion. $ 1.27 billion. Spending on textiles and textile products rose 17.6 percent in the period to $ 2.22 billion, while the fuel bill fell 15.7 percent year on year to 1.93 G $.

 
 

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