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January 3, 2013
Sri Lanka’s Textile Exports Grow in Q4 of 2012
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, said fibre2fashion.com in today's news.
According to the above source, in spite of the increase in earnings from textiles and clothing exports, Sri Lanka’s export earnings declined by 6.6 percent year-on-year to US$ 827.6 million in November 2012.
During the month, 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.
Source: fibre2fashion.com
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