FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

Exports drop 8.1% in 1Q Vote_lcap11%Exports drop 8.1% in 1Q Vote_rcap 11% [ 21 ]
Exports drop 8.1% in 1Q Vote_lcap20%Exports drop 8.1% in 1Q Vote_rcap 20% [ 37 ]
Exports drop 8.1% in 1Q Vote_lcap29%Exports drop 8.1% in 1Q Vote_rcap 29% [ 54 ]
Exports drop 8.1% in 1Q Vote_lcap40%Exports drop 8.1% in 1Q Vote_rcap 40% [ 75 ]

Total Votes : 187

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» SGH buys EXPO from retailers
by Chula Yesterday at 11:49 pm

» L G I L - Maharaja special
by Chula Yesterday at 9:32 pm

» What you need to remember is there is ALWAYS a way to make income from day trading stocks. Stock market for beginners and day traders
by Asoka Samarakone Yesterday at 9:00 pm

» LPRT and CHOT old and profitable businesses, yet severely undervalued
by deli Yesterday at 5:13 pm

» HAYLEYS PLC (HAYL.N0000)
by EPS Yesterday at 8:34 am

» Technical update 12.08.2022 Maharaja
by Maharaja Fri Aug 12, 2022 10:38 pm

» Exterminators Plc (EXT.N)
by ErangaDS Fri Aug 12, 2022 9:44 pm

» CW Makie Highest Dividend Payer- EPS of Rs.10 for Quarter
by Ros123 Fri Aug 12, 2022 5:57 pm

» AAIC 100 = SCAP 16
by SamJay1974 Fri Aug 12, 2022 2:46 pm

» LOLC to enter the giant Indian Market
by samaritan Fri Aug 12, 2022 11:27 am

» Buy lofc tomorrow - Maharaja
by ashan silva Fri Aug 12, 2022 11:12 am

» HORANA PLANTATIONS PLC (HOPL)
by cheetah Fri Aug 12, 2022 11:05 am

» LOFC Future
by samansilva Fri Aug 12, 2022 11:05 am

» LIOC ....Get in soon
by samaritan Fri Aug 12, 2022 9:41 am

» PIRAMAL GLASS CEYLON PLC (GLAS.N0000)
by stocknoob Fri Aug 12, 2022 7:59 am

» RENUKA AGRI FOODS PLC (RAL.N0000) TP. 7
by cheetah Thu Aug 11, 2022 9:45 pm

» SUNSHINE HOLDINGS PLC (SUN.N0000)
by ErangaDS Thu Aug 11, 2022 5:07 pm

» WATAWALA PLANTATION PLC (WATA.N0000)
by ErangaDS Thu Aug 11, 2022 5:05 pm

» US inflation eased slightly in July
by ADVENTUS Thu Aug 11, 2022 11:25 am

» ACL; MELS; HHL; BIL; LWL- STOCKS TO WATCH
by ADVENTUS Thu Aug 11, 2022 11:19 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Exports drop 8.1% in 1Q

Exports drop 8.1% in 1Q

Go down  Message [Page 1 of 1]

1Exports drop 8.1% in 1Q Empty Exports drop 8.1% in 1Q Thu May 09, 2013 8:30 am

sandunj


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Published : 12:20 am May 9, 2013

Sounding alarm bells, exports decreased by 8.1% in the first quarter of 2013 from US$ 2.57 million to US$ 2.36 million, with March contributing a 2.8% drop year-on-year.
The latest external performance data by the Central Bank showed yesterday that earnings from exports declined by 2.8% year-on-year in March 2013, as earnings from industrial exports, which account for about three-fourths of total export earnings, declined.
Even though earnings from textiles and garments, which account for more than a half of industrial exports in value terms, recorded a further increase of 5% year-on-year in March 2013, overall industrial numbers for the 1Q showed a drop of 8.7%.
Exports of garments to the USA increased in March too, on a year-on-year basis, following the increase recorded in February, while exports of garments to the European Union declined in March, as in February. Agriculture products also showed a 4.2% decrease in the 1Q sliding from US$ 575 million in 2012 to US$ 551 million in 2013.
The largest drop was recorded by mineral products that reduced 72% in the 1Q.
“Earnings from agricultural exports meanwhile increased by 0.5% year-on-year in March 2013, thus helping buoy export earnings. With respect to agricultural exports, earnings from tea exports increased as export prices of both black tea as well as green tea have increased in 2013, up to March, alongside the decline in export volumes of tea during this period. Amongst other agricultural exports, spices, vegetables, minor agricultural products and sea food have also fetched increased earnings in March 2013,” the release said.

Exports drop…
Meanwhile, expenditure on imports declined by 16.8% year-on-year in March 2013. While expenditure on all three major categories of goods imported, viz. consumer goods, intermediate goods and investments goods, declined in March 2013, a decline in expenditure on imports of crude oil and refined petroleum products led the decline in import expenditure.
Imports for the 1Q decreased 16% with the sharpest decrease of 53.5% tallied up by transport equipment. Consumer goods reduced by 19.4% while fuel expenditure shrank by 30.5%.
Amongst other items that contributed to the decline in expenditure on imports in March 2013 were transport equipment categorised under investment goods, textiles and textile articles categorised under intermediate goods and motor vehicles categorised under consumer goods.
“As expenditure on imports declined by around US$ 857 million during the first three months of 2013 while earnings from exports declined by around US$ 207 million, in comparison to the corresponding period of 2012, the deficit in the trade balance for the first quarter of 2013 contracted on a year-on-year basis. Accordingly, the policy measures adopted last year to curb the trade deficit to a sustainable level have continued to be effective.”

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum