Sri Lanka registered an increase of 25.6 percent in export in August compared to same period last year riding on the jump in exports of textiles, garments and rubber-based products with total export value of US$734 million.
Imports also rose to US$993.6 million due to surge in crude-oil import costs. There was an increase of 8.9 percent in exports to US$4.41 billion which was the result of increase in agricultural products and industrial exports including garment and textiles.
The imbalance in trade has resulted in widening trade deficit of US$2.399 billion from US$1.575 billion previous year.
Get Free Weekly Market Insights Newsletter
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
