Sri Lanka's May trade deficit narrows 47.9 pct y/y

Last Updated: Mon, Jul 14, 2014 10:00 hrs

COLOMBO, July 14 (Reuters) - Sri Lanka's trade deficit narrowed by 47.9 percent to $393.4 million in May from $754.9 million a year earlier, mainly due to lower imports, central bank data showed on Monday.

May exports rose 11.1 percent from a year earlier to $882.1 million, while imports fell 17.6 percent to $1.28 billion.

For the first five months of 2014, the trade deficit narrowed more than 19 percent to $3.01 billion from $3.74 billion a year earlier. (Reporting by Ranga Sirilal and Shihar Aneez; Editing by Himani Sarkar)

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