Textile, garments & industrial goods boost export earnings in Dec
14 Feb '06
1 min read
Textiles and garments, food and beverages and rubber based products pushed Sri lankan export earnings to achieve the highest ever monthly value of US $625 million in December, 2005 recording a 21.8 percent growth. Powered by industrial products, the overall growth in exports on cumulative basis in 2005 grew by 10.2 percent at $6,345 million up from $5,757 million in 2004, states a Central bank of Sri Lanka release. It notes a 6.6 percent decline in imports during December 2005 indicating low imports of intermediate and consumer goods. However, 2005 cumulative imports went up 10.8 percent, up from $8,000 million in 2004 to $8,863 in 2005.