Sri Lanka's trade deficit decreased to USD 316 million in June 2019 from USD 795 million in the same month of the previous year. Exports rose 5.8 percent to USD 1,084 million, boosted by shipments of industrial products (9.3 percent), namely textiles and garments (11.4 percent); rubber products (2.3 percent) and transport equipment (690.4 percent). In contrast, agricultural exports slumped (-6.8 percent), dragged down by lower sales of tea (-12.7 percent) while mineral shipments dropped 9.9 percent. Meantime, imports dropped 23.1 percent to USD 1,400 million, amid declines in purchases of intermediate goods (-11.1 percent), due to lower expenditure in fuel (-17 percent); consumer (-39.4 percent) and investment goods (-32.6 percent Balance of Trade in Sri Lanka averaged -523.82 USD Million from 2003 until 2019, 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 -670.00 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 -910.00 in 12 months time. In the long-term, the Sri Lanka Balance of Trade is projected to trend around -820.00 USD Million in 2020, according to our econometric models.

Sri Lanka Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-31 09:00 AM Balance of Trade Mar $-592M $-451M $-780M
2019-06-28 09:50 AM Balance of Trade Apr $-797M $-592M $-890M
2019-07-19 09:00 AM Balance of Trade May $-823M $-797M $-980M
2019-08-22 09:40 AM Balance of Trade Jun $-316M $-823M $ -790M
2019-10-01 10:25 AM Balance of Trade Jul $-316M $-705M
2019-11-09 10:30 AM Balance of Trade Aug $-852M
2019-11-29 09:30 AM Balance of Trade Sep $ -670M


Sri Lanka Trade Last Previous Highest Lowest Unit
Balance of Trade -316.00 -823.00 -50.10 -1100.70 USD Million [+]
Current Account 423.20 -815.14 423.20 -1695.29 USD Million [+]
Current Account to GDP -3.00 -2.60 -0.40 -19.30 percent [+]
Exports 1084.00 961.00 1137.00 304.80 USD Million [+]
Imports 1400.00 1784.00 2048.00 408.00 USD Million [+]
External Debt 54221.66 52310.45 54221.66 37098.10 USD Million [+]
Terms of Trade 113.97 87.21 161.24 74.50 Index Points [+]
Tourist Arrivals 143587.00 115701.00 253169.00 5536.00 [+]
Gold Reserves 19.89 19.90 23.10 3.63 Tonnes [+]
Terrorism Index 4.05 2.91 7.13 2.91 [+]
Tourism Revenues 475.20 367.10 475.20 19.30 USD Million [+]
Remittances 584.50 555.00 729.35 241.34 USD Million [+]
Foreign Direct Investment 167.00 352.00 961.00 20.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Sri Lanka Balance of Trade

Sri Lanka exports mostly textiles and garments (40% of total exports) and tea (17%). Others include: spices, gems, coconut products, rubber and fish. Main export partners are United States, United Kingdom, Germany, Belgium and Italy. Sri Lanka imports petroleum, textile fabrics, foodstuffes and machinery and transportation equipment. Main import partners are India, China, Iran and Singapore. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-316.00 -823.00 -50.10 -1100.70 2003 - 2019 USD Million Monthly




Country Last Previous
Argentina 951.00 Jul/19
Australia 7268.00 Jul/19
Brazil 3280.00 Aug/19
Canada -1124.40 Jul/19
China 348.30 Aug/19
Euro Area 24789.70 Jul/19
France -4607.00 Jul/19
Germany 21449.00 Jul/19
India -13450.00 Aug/19
Indonesia -85.10 Aug/19
Italy 5728.50 Jun/19
Japan -249.59 Jul/19
Mexico -1117.00 Jul/19
Netherlands 4127.00 Jul/19
Russia 11224.00 Jul/19
Saudi Arabia 131636.00 Mar/19
Singapore 2831.10 Jul/19
South Africa -2880.82 Jul/19
South Korea 1723.00 Aug/19
Spain -1532700.00 Jun/19
Switzerland 2671.16 Jul/19
Turkey -3191.93 Jul/19
United Kingdom -219.00 Jul/19
United States -53989.00 Jul/19


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