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Earnings from exports continued its downward trend for the tenth consecutive month in December 2015 recording an 18.7 per cent decline, year-on-year, to US dollars 817 million, the Central Bank said yesterday. Releasing the External Sector Performance statistics for December 2015, the Central Bank said that expenditure on imports on the other hand weakened for the sixth consecutive month in December 2015 by 8.5 per cent to US dollars 1,645 million, year-on-year deviating from the normal seasonal trend of increased expenditure on imports towards the end of the year.

“Reflecting the subdued global demand and lower commodity prices, earnings from exports during 2015 decreased by 5.6 per cent to US dollars 10,505 million while expenditure on imports declined by 2.5 per cent to US dollars 18,935 million,” the Bank noted highlighting the summary of performance for the year 2015.