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Sri Lanka's export trade sector recorded 11.1 % growth rateMonday, November 17, 2014 > 08:51:07
Sri Lanka's Export Trade sector recorded a relatively a higher growth of 11.1 percent in second quarter 2014, when compared to the slower growth of 1.2 percent recorded in the second quarter of 2013, Department of Census and Statistics said in its Quarterly Estimates of Gross Domestic Product report released recently.
According to the Balance of Payment statistics of Central Bank of Sri Lanka, export earnings increased to Rs. 343,058 Million in the second quarter of 2014, from Rs. 291,274 Million in the second quarter 2013, indicating a growth of 17.8 percent, said the Census and Statistics Department.
Compared to the second quarter of 2013, agricultural and industrial exports grew by 26.5 percent and 15 percent respectively. According to the Trade Indices of Central Bank, export volume index and unit value, index have increased by 11.6 percent and 5.6 percent respectively in second quarter 2014.