|Export earnings increase to record levels|
Sri Lanka’s external sector strengthened further with continued inflows to the Current Account and the Financial Account of the Balance of Payments.
These inflows resulted in a significant increase in the overall balance as at end December 2013.
Earnings from exports recorded an increase, while a notable reduction in imports was witnessed during the month, considerably reducing the trade deficit.
Trade Account of the BOP Earnings from exports, which surpassed 1 billion dollars during the preceding two months continued to rise in December 2013, recording an increase of 13.2 percent in December 2013, while expenditure on imports recorded a marginal increase of 2.1percent.