The country’s import expenditure also has declined during the same period by 4.5% , thus incurring a bill of US$ 17.57 billion, compared to US$ 18.39 billion.
The Island’s trade deficit during the said period stands at a massive sum of US$ 8.58 billion, marginally down from last years same periods figure of US$ 8.76 billion, a 2.1% drop.
Export income has been affected by the drops experienced in tea and textile exports, which have respectively declined by 6.2% and 4.6%, during the reference period.
During the first eleven months, tea exports has generated an income of US$ 1.23 billion, compared to US$ 1.35 billion, earned during the same period of last year.
Textiles and garments export earnings has declined to US$ 3.66 billion, compared to US$ 3.80 billion earned during the reference period of 2011.
During the January to November period of 2012, import expenditure on consumer goods have declined by 17.2% to incur a sum of US$ 2.75 billion, compared to US$ 3.32 billion spent during the reference period.
Apart from it, importation of intermediate goods has gone down by 3.7% to incur a sum of US$ 10.76 billion, compared to US$ 11.11 billion, spent during the same period of last year.