Sri Lanka trade deficit widened to USD 713 million in September 2018 from USD 656 million a year earlier. Exports advanced 4.4 percent to USD 1,055 million from USD 1,011 million, while imports surged 6.1 percent to USD 1,768 million from USD 1,667 million. Considering the first nine months of 2018, Sri Lanka trade gap jumped 16.3 percent to USD 7,953 million when compared with the same period of the previous year, as purchases increased 10.4 percent to USD 16,851 million and shipments went up at a softer 5.6 percent to USD 8,898 million. Balance of Trade in Sri Lanka averaged -517.06 USD Million from 2003 until 2018, 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.
Balance of Trade in Sri Lanka is expected to be -740.00 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 -930.00 in 12 months time. In the long-term, the Sri Lanka Balance of Trade is projected to trend around -650.00 USD Million in 2020, according to our econometric models.