Sri Lanka's trade deficit narrowed to USD 572 million in February of 2021 from USD 574 million in the corresponding month of the previous year. Exports fell 3.7 percent from a year earlier to USD 951.7 million while imports decreased 2.5 percent to USD 1520 million. Considering the first two months of the year, the country's trade gap shrank to USD 1.23 billion from USD 1.3 billion a year earlier. source: Central Bank of Sri Lanka
Balance of Trade in Sri Lanka averaged -528.26 USD Million from 2003 until 2021, reaching an all time high of -50.10 USD Million in May of 2003 and a record low of -1100.70 USD Million in November of 2011. This page provides the latest reported value for - Sri Lanka Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Sri Lanka Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Balance of Trade in Sri Lanka is expected to be -820.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Sri Lanka to stand at -820.00 in 12 months time. In the long-term, the Sri Lanka Balance of Trade is projected to trend around -820.00 USD Million in 2022 and -610.00 USD Million in 2023, according to our econometric models.