Home / Knowledge / News / Textiles / Exports mark a remarkable surge of 17 percent
Exports mark a remarkable surge of 17 percent
22
Jul '08
Exports from Sri Lanka touched US $746 million in May 2008 mounting by 17.0 percent over last year. This remarkable growth has been recorded largely due to export earnings from diamonds, jewelry, garments and textiles.

However, a major chunk of the contribution was made by the agricultural sector reflecting the impact of hike in global food and energy prices.

On the other hand, mineral exports including gems held a one percent share in total exports and which fell over the previous year. However, cumulative exports during the period January to May 2008 registered a growth of 12.6 percent over the corresponding period last year, amounting to $3,234 million.

Import value touched $1.258 million in the month of May increasing by 24.2 percent over the previous year.

Like always, spending on imports of petroleum continued to increase accounting for 58.3 percent of the increase in import expenditure in May 2008.

Imports excluding petroleum grew by 25.1 per cent to US dollars 4,360 million for the first five-months of 2008.

Besides, capital goods imports also increased and accounted for 5.5 percent of the increase in import expenditure in May this year. Cumulative expenditure on imports during the period January to May 2008 grew by 34.8 percent when compared with the corresponding period last year, and amounted to $5,813 million.

While the overall balance of payments recorded a surplus of $292 million by the end of May 2008, gross official reserves amounted to $3,355 million.

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search