Exports up in October

Exports continue to surge with the latest volumes showing a promising uptrend.

"The export trend in September is continuing. The 3% export increase in October is higher than expected," said Minister of Industry and Commerce Rishad Bathiudeen. Accordingly, the January-October 2013 exports turnover increased by 3.07% to $ 8,379.93 million compared to $ 8,130.20 million during the corresponding period of the past year.

According to the provisional data provided by the EDB, apparel rose by a 9.39% to $ 3,549.94 million, while Industrial products rose by 2.32% to $ 6,139.64 million. Agricultural exports rose by 8.63% to $ 2,015.85 million while tea exports also rose by 8.96% to $ 1237.82 million.

Other export crops such as spices, vegetables and fruits joined the trend, rising overall by 42% to $ 430.01 million.