Thu, 19 May 2022

COLOMBO, Jan. 27 (Xinhua) -- Sri Lanka's monthly merchandise export revenue for November 2021 was the highest in the country's history, state media citing data from the Central Bank of Sri Lanka reported here Thursday.

Sri Lanka's merchandise export revenue stood at 1.2 billion U.S. dollars in November, marking the sixth consecutive month where the country's export revenues crossed the one billion mark.

The country's merchandise trade deficit narrowed to 553 million dollars in November compared to 600 million dollars in the same period a year earlier. However, the cumulative trade deficit from January to November widened to 7 billion dollars.

Export earnings grew 54.6 percent year-on-year in November, driven largely by the expansion of industrial goods at 56.6 percent. Product segments such as garments, petroleum products and rubber products contributed to the expansion.

Sri Lanka's gross official reserves stood at 1.6 billion dollars at the end of November, enough to cover about a month of imports.

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