‘February Exports jump shows positive revival’
February 2012’a exports earnings show our export lull in January to
be only temporary. “The February increase in exports by 7.6% shows the
positive reversal of our exports from that of January. It also shows
that the January lull is a mere passing cloud which has now cleared”
said Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka.
Minister Bathiudeen announced this on 04 May while acknowledging the
latest positive export growth data released by the Central Bank of Sri
Lanka on the same day and also responding to reservations regarding
The February 2012 export data showed an increase of 7.6% to US
dollars 879 Mn in comparison to February 2011, breaking the exports lull
in January 2011 and clearly lays any doubts on Sri Lanka export growth,
“I am also pleased to observe that Industrial exports taking 74.2% of
total exports, while also showing an increase during the first two
months of 2012. This is a sign that our export growth will continue can
in the following months, showing the effectiven ess of the development
vision of the President Mahinda Rajapaksa.
By contributing a 17.5% increase in comparison to 2011 February,
rubber products, among all industrial products, have become the driver
of this exports rise” Minister Bathiudeen stressed and added: “In fact,
in the period of January to February this year alone rubber product
exports increased by 19.1% showing their increasing importance in our
exports basket” Minister Bathiudeen said.