The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» Food and Beverages
Sri Lanka December exports down on weak tea, garment shipments EmptyYesterday at 7:54 am by කිත්සිරි ද සිල්වා

» Thread for News on CSE and SL Economy
Sri Lanka December exports down on weak tea, garment shipments EmptyFri Oct 18, 2019 10:22 pm by nihal123

» Devolution of power, civil wars, altruism, nepotism in animal world
Sri Lanka December exports down on weak tea, garment shipments EmptyFri Oct 18, 2019 10:15 pm by Backstage

» අනං මනං! #/+?.<>
Sri Lanka December exports down on weak tea, garment shipments EmptyFri Oct 18, 2019 9:06 pm by ruwan326

» East West properties
Sri Lanka December exports down on weak tea, garment shipments EmptyWed Oct 16, 2019 12:06 pm by yellow knife

» RCL - Royal Ceramics
Sri Lanka December exports down on weak tea, garment shipments EmptyMon Oct 14, 2019 12:47 pm by seek

» Performance of the Market-Weekly
Sri Lanka December exports down on weak tea, garment shipments EmptySat Oct 12, 2019 4:29 am by ruwan326

» Confidence to boom after election – CBSL Governor
Sri Lanka December exports down on weak tea, garment shipments EmptyFri Oct 11, 2019 4:09 pm by Backstage

» Sri Lanka among top 20 rising stars of world trade
Sri Lanka December exports down on weak tea, garment shipments EmptyFri Oct 11, 2019 4:08 pm by Backstage

» CLND Not to miss
Sri Lanka December exports down on weak tea, garment shipments EmptyThu Oct 10, 2019 9:24 am by ruwan326

» Dividend Announcement
Sri Lanka December exports down on weak tea, garment shipments EmptyWed Oct 09, 2019 4:59 pm by Rana

» අපි නොදන්න ගීතයක කතාව
Sri Lanka December exports down on weak tea, garment shipments EmptyFri Oct 04, 2019 11:55 am by nuwanmja

» මූඩීස් ප්‍රකාශය පිළිගන්න බැහැ – මහ බැංකුව කියයි
Sri Lanka December exports down on weak tea, garment shipments EmptyWed Oct 02, 2019 6:46 am by nihal123

» ආර්ථික වර්ධනය 2.7% ට බසී
Sri Lanka December exports down on weak tea, garment shipments EmptyTue Oct 01, 2019 1:29 pm by nihal123

» Ranil agrees to give Sajith candidacy - AdaDetana
Sri Lanka December exports down on weak tea, garment shipments EmptyThu Sep 26, 2019 5:05 pm by mymoney

» Cracks in the Real Estate Sector
Sri Lanka December exports down on weak tea, garment shipments EmptyThu Sep 26, 2019 2:44 pm by chutiputha

» Films - To Watch List
Sri Lanka December exports down on weak tea, garment shipments EmptyFri Sep 20, 2019 8:38 am by Topcat

» ෆිනෑන්ස් බලපත්‍රය අවලංගුයි. අද සිට මුදල් ව්‍යාපාර බැහැ
Sri Lanka December exports down on weak tea, garment shipments EmptyFri Sep 20, 2019 7:53 am by serene

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Sri Lanka December exports down on weak tea, garment shipments EmptyThu Sep 19, 2019 4:33 pm by nuwanmja

» Easter Sunday Attack and Sri Lanka
Sri Lanka December exports down on weak tea, garment shipments EmptyThu Sep 19, 2019 12:49 pm by Ethical Trader

» Trading Journal
Sri Lanka December exports down on weak tea, garment shipments EmptyWed Sep 18, 2019 9:01 am by CK

» Thought for the day...
Sri Lanka December exports down on weak tea, garment shipments EmptyTue Sep 17, 2019 5:44 pm by sashimaal

» කැසිනෝ ව්‍යාපාරික රවී විජේරත්න, අර්බුදයට පත් MTD Walkers මිල දී ගැනීමට සැරසෙයි
Sri Lanka December exports down on weak tea, garment shipments EmptyMon Sep 09, 2019 7:47 pm by nihal123

» Happy Birthday
Sri Lanka December exports down on weak tea, garment shipments EmptyMon Sep 09, 2019 10:54 am by nuwanmja

»  Rajgama Heroes !
Sri Lanka December exports down on weak tea, garment shipments EmptySat Sep 07, 2019 10:24 am by කිත්සිරි ද සිල්වා

» Yahoo mail
Sri Lanka December exports down on weak tea, garment shipments EmptyFri Sep 06, 2019 5:38 pm by Rana

» Thread for News on International Markets
Sri Lanka December exports down on weak tea, garment shipments EmptyFri Sep 06, 2019 9:50 am by The Invisible

» JINS.N0000 ( Janashakthi Insurance PLC)
Sri Lanka December exports down on weak tea, garment shipments EmptyFri Sep 06, 2019 9:47 am by The Invisible

» Browns Investments update
Sri Lanka December exports down on weak tea, garment shipments EmptyFri Sep 06, 2019 6:00 am by sanjulanka

» Hayleys MGT
Sri Lanka December exports down on weak tea, garment shipments EmptyFri Sep 06, 2019 5:55 am by The Invisible

» SEYB.N0000 ( SEYLAN BANK PLC )
Sri Lanka December exports down on weak tea, garment shipments EmptyThu Sep 05, 2019 8:47 pm by soileconomy

» Tourism Sector
Sri Lanka December exports down on weak tea, garment shipments EmptyThu Sep 05, 2019 6:08 pm by NIRMALSG

» TJL.N0000 (Textured Jersey Lanka PLC.)
Sri Lanka December exports down on weak tea, garment shipments EmptyTue Sep 03, 2019 6:12 pm by Ethical Trader

» UBC Union Bank of Colombo
Sri Lanka December exports down on weak tea, garment shipments EmptyTue Sep 03, 2019 12:09 pm by The Invisible

» Obituary Notice.
Sri Lanka December exports down on weak tea, garment shipments EmptyMon Sep 02, 2019 10:34 pm by කිත්සිරි ද සිල්වා

» Thread for News on Local and Foreign Politics
Sri Lanka December exports down on weak tea, garment shipments EmptySat Aug 31, 2019 5:13 pm by The Invisible

» Sri Lanka bank profitability under pressure: Moody’s
Sri Lanka December exports down on weak tea, garment shipments EmptySat Aug 31, 2019 8:44 am by The Invisible

» ‘වැඩකාරයාගේ නමත් සිරිසේන’ කියලා හිනාවුණා
Sri Lanka December exports down on weak tea, garment shipments EmptyFri Aug 30, 2019 4:05 pm by sanjulanka

» 8000 Post Club | Celebration of a Great Milestone කිත්සිරි ද සිල්වා
Sri Lanka December exports down on weak tea, garment shipments EmptyThu Aug 29, 2019 7:17 pm by කිත්සිරි ද සිල්වා

» In the Meantime, Within Our Shores !
Sri Lanka December exports down on weak tea, garment shipments EmptyThu Aug 29, 2019 10:37 am by කිත්සිරි ද සිල්වා

» Sri Lanka to call for bids to develop Mannar Basin natural gas find
Sri Lanka December exports down on weak tea, garment shipments EmptyTue Aug 27, 2019 4:32 pm by nuwanmja

» “බිරිඳගේ සහ පෙම්වතියගේ වෙනස මොකක්ද?”
Sri Lanka December exports down on weak tea, garment shipments EmptySun Aug 25, 2019 11:51 pm by sanjulanka

» The Central Bank of Sri Lanka Reduces its Policy Interest Rates
Sri Lanka December exports down on weak tea, garment shipments EmptySat Aug 24, 2019 4:26 am by Ethical Trader

» JKH - 155/00 Breakout is pending
Sri Lanka December exports down on weak tea, garment shipments EmptyFri Aug 23, 2019 2:21 pm by pjrngroup

» Tokyo as at 21.08.2019 Morning
Sri Lanka December exports down on weak tea, garment shipments EmptyWed Aug 21, 2019 10:07 am by nisashi

» What Would You Do?
Sri Lanka December exports down on weak tea, garment shipments EmptyMon Aug 19, 2019 1:02 pm by කිත්සිරි ද සිල්වා

» Back of the Legends
Sri Lanka December exports down on weak tea, garment shipments EmptyMon Aug 19, 2019 10:13 am by Topcat

» NTB.N0000 (NATIONS TRUST BANK PLC)
Sri Lanka December exports down on weak tea, garment shipments EmptySun Aug 18, 2019 10:33 pm by lanka

» Melstacorp (MELS)
Sri Lanka December exports down on weak tea, garment shipments EmptySun Aug 18, 2019 8:33 pm by The Invisible

» Cargills (CARG)
Sri Lanka December exports down on weak tea, garment shipments EmptySun Aug 18, 2019 8:26 pm by The Invisible

October 2019
SunMonTueWedThuFriSat
  12345
6789101112
13141516171819
20212223242526
2728293031  

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Sri Lanka December exports down on weak tea, garment shipments

Go down

Sri Lanka December exports down on weak tea, garment shipments Empty Sri Lanka December exports down on weak tea, garment shipments

Post by Rana on Fri Mar 04, 2016 10:15 am

ECONOMYNEXT – Sri Lanka’s export earnings continued their downward trend for the tenth consecutive month in December 2015, falling 18.7 percent from a year ago to 817 million US dollars, with both tea and garments down sharply.

The central bank said the trade deficit increased 4.4 percent to 827 million US dollars in December 2015, with imports weakening for the sixth consecutive month, down 8.5 percent to 1,645 million US dollars from the year before.

The import performance deviated from the normal seasonal trend of increased expenditure on imports towards the end of the year, a statement said.

“Export earnings from textile and garments, which contribute nearly 48 per cent to the total exports, declined for the third consecutive month by 12.8 per cent in December 2015, reflecting low exports to both EU and USA markets,” it said.

“However, garment exports to non-traditional markets such as Canada, China and UAE increased slightly by 1.7 per cent, year-on-year, during the month.”

The central bank said lower demand for tea exports continued throughout the year 2015 due to economic and geo-political developments in the main tea export destinations.

Earnings from tea exports in December dropped by 24.7 per cent reflecting declines in both export volume and average price levels compared to the corresponding month in the previous year.

Transport equipment, rubber products and gems, diamonds and jewellery exports also contributed significantly to the drop in December exports.

Earnings from rubber product exports continued to weaken, down 19.8 per cent year-on-year, in December 2015.

However, petroleum product exports grew 24.5 per cent as a result of a substantial increase in bunkering quantity by 186.4 per cent, year-on-year, in December 2015.

Earnings from chemical products also grew 10.5 per cent while cinnamon, woven fabrics and fruits showed a growth in December 2015, over the corresponding month in 2014.

Imports in December 2015 were down largely owing to the drop in imports of intermediate goods led by fuel imports, while the drop in imports of consumer goods and investment goods also contributed.

In December 2015, expenditure on fuel imports decreased by 15.5 per cent, year-on-year, to 216 million US dollars mainly due to the considerable decline in import prices, the central bank said.

There was a substantial decline in imports of personal motor vehicles and rice imports which contributed largely to the reduction of expenditure on consumer goods imports.

Expenditure on import of personal motor vehicles dropped significantly by 41.1 per cent to 66 million US dollars in December 2015, with declines recorded in all sub categories including motor cars and motor cycles.

Expenditure on transport equipment such as trishaws, buses and agricultural tractors, categorized under investment goods, declined significantly by 49.8 per cent, year-on-year.
(Colombo/March04/2016)

Rana
Top contributor
Top contributor

Posts : 1653
Join date : 2015-12-16

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum