Highest Earning by Textile and Garment Exports Recorded in August 2009 - Central Bank of Sri Lanka

23rd October 2009, firstlanka.com

The Central Bank claimed that textile and garment exports rebounced by 8.5 percent, year-on-year. It recorded 324 million US dollars in August 2009 which is the highest earning by the sector during the year.

Sri Lanka exports showed a steady month on month rise with a recovery seen in the key apparel sector. The Central Bank further noted that food and beverages and other industrial exports were also improving. Tea exports had grown 2.8 percent in August from a year earlier.

The average export price had reached 4.34 US dollars a kilo in 2009. According to the Central Bank total exports in August were 710 million, and had been growing from April.