Thursday, 9 December 2004 |
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Export earnings increased by 36 per cent to US $ 582 million in October 2004 recording the second highest monthly export earnings ever recorded, the Central Bank said. The figures have out performed the five per cent growth recorded in the corresponding period in 2003. The Central Bank also expect that in the last two months of this year, export growth would show further improvement with better performance of garment, tea and rubber exports. Expenditure on imports grew by 14 per cent recording US $ 715 million in October 2004 which includes petroleum imports of US$ 97 million. The resulting trade deficit was US $ 133 million. |
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