Sri Lanka’s trade deficit widens in May

July 25, 2012 03:52 pm

Sri Lanka’s trade deficit has increased moderately by over 2 per cent in May (year-on-year), the central bank of the island nation said today. During the January-May period this year, the widening was over 24 per cent, the Central Bank of Sri Lanka said in a statement.

The export earnings due to lower international demands have recorded a year-on-year decline of over 15 per cent amounting to USD 710 million in May, PTI reports.

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.