Aug 11, 2009 (LBO) – Sri Lanka’s exports fell 18.0 percent to 3.1 billion US dollars and imports 36.7 percent to 4.4 billion US dollars in the 6-months to June, and the trade deficit contracted 59.9 percent to 1.2 billion US dollars, the central bank said. Agricultural exports were down 18.2 percent to 725.3 million US dollars with tea falling 19.1 percent to 505.1 million in the six months.
Industrial exports were down 17.4 percent to 2.4 billion US dollars, with textiles and apparel down 4.1 percent to 1,536 million dollars.
In the month of June exports fell 13.7 percent to 565.2 million US dollars, imports fell 30.3 percent to 832.3 million US dollars and the trade balance halved to 50.2 percent.
In May 2009, exports fell 27.8 percent.
June agricultural exports were down 15.2 percent to 136.7 million US dollars and tea was down 10.8 percent to 104.5 million US dollars.
June industrial exports were down 13.5 percent to 419.7 million US dollars. Textiles and apparel were down 6.3 percent to 246.3 million US dollars.
The Central Bank said rubber-based products were hard hit from a slowdown in automotive, construction and transport sectors. Loadstar, a solid tyre firm, is Sri Lanka’s top exporter of rubber