Industrial exports, which include garments, rubber products and food, fell 8.7 percent to 520.0 million dollars in April, as against the same month 2011, the Central Bank of Sri Lanka said Monday.
Textiles and apparels, Sri Lanka’s main export earner, slipped 2.2 percent to 295.5 million dollars in April, over the same month a year earlier.
“Lower earnings from exports of textiles and garments, mainly reflecting the lower international cotton prices,” the bank said in a statement.
Agricultural exports, which include, fell 15.2 percent to 149.6 million dollars in April, year-on-year.
Tea, Sri Lanka’s main commodity export, saw export earnings slip 9.3 percent to 88.7 million dollars in April, over the same month a year earlier.
The bank said shipments of tea, rubber and coconut were hurt by weak prices in the international market.