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Sri Lanka's textiles & apparel exports grow in Nov'12
02 Jan '13
1 min read
The exports of textiles and garments from Sri Lanka fetched US$ 364 million in November 2012, showing a year-on-year growth of 4.6 percent, according to the data released by the Central Bank.
Despite the rise in earnings from textiles and clothing exports, Sri Lanka’s total export earnings declined by 6.6 percent year-on-year to US$ 827.6 million during the month.
During the month under review, Sri Lanka imported goods worth US$ 1.8 billion, thus narrowing the trade gap to US$ 993 million.
From January to November 2012, Sri Lanka’s total exports fetched US$ 8.9 billion, registering a decline of 6.6 percent year-on-year, while imports were worth US$ 17.5 billion, down 4.5 percent year-on-year.
Sri Lanka attracted US$ 614.7 million worth of foreign direct investment (FDI) in the first eleven months of 2012, showing a dip of 9.4 percent year-on-year, compared to the Government’s target of attracting US$ 1.75 billion in FDI during 2012.
Fibre2fashion News Desk - India
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