Sri Lanka's trade deficit decreased to USD 701 million in December 2018 from USD 1029 million in the corresponding month of the previous year. Exports rose 1.4 percent to USD 1033 million, boosted by shipments of industrial products (2.1%) namely textiles and garments (5%) primarily to the US and the EU; rubber product (2.4%); and machinery and mechanical appliances (10.6%). In contrast, sales of agricultural goods went down 1.4%, mostly spices (-8.2%); rubber (-41.9%) and minor agricultural products (-11.9%). Imports fell 15.3% to USD 1735 million, amid declines in purchases of intermediate (-17.6%), capital (-5.9%) and consumer goods (-17.7%), reflecting the impact of restrictions on personal vehicles and telecommunication devices imports. Balance of Trade in Sri Lanka averaged -521.44 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 -920.00 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 -680.00 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
2018-11-29 09:30 AM Balance of Trade $-713M $-850M $ -760M
2018-12-26 10:00 AM Balance of Trade $-903M $-713M $ -785M
2019-01-28 08:50 AM Balance of Trade $-785M $-903M
2019-03-14 09:00 AM Balance of Trade $-701M $-785M $ -740M
2019-04-02 10:00 AM Balance of Trade $-701M
2019-04-12 10:10 AM Balance of Trade
2019-05-14 09:00 AM Balance of Trade


Sri Lanka Trade Last Previous Highest Lowest Unit
Balance of Trade -701.00 -785.00 -50.10 -1100.70 USD Million [+]
Current Account -462.00 -1086.00 255.28 -1695.29 USD Million [+]
Current Account to GDP -2.60 -2.10 -0.40 -19.30 percent [+]
Exports 1033.38 979.60 1108.00 304.80 USD Million [+]
Imports 1734.58 1764.60 2048.00 408.00 USD Million [+]
External Debt 53177.39 53487.28 53487.28 37098.10 USD Million [+]
Terms of Trade 112.75 115.52 161.24 74.50 Index Points [+]
Tourist Arrivals 252033.00 244239.00 253169.00 5536.00 [+]
Gold Reserves 19.90 19.90 23.10 3.63 Tonnes [+]
Terrorism Index 4.05 2.91 7.13 2.91 [+]
Tourism Revenues 371.60 404.00 453.50 19.30 USD Million [+]
Remittances 534.20 619.30 729.35 241.34 USD Million [+]
Foreign Direct Investment 719.00 352.00 964.00 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-701.00 -785.00 -50.10 -1100.70 2003 - 2018 USD Million Monthly




Country Last Previous
Argentina 372.00 Jan/19
Australia 4549.00 Jan/19
Brazil 3670.00 Feb/19
Canada -4593.40 Dec/18
China 41.18 Feb/19
Euro Area 1547.90 Jan/19
France -4195.00 Jan/19
Germany 14500.00 Jan/19
India -9600.00 Feb/19
Indonesia 329.50 Feb/19
Italy 321.80 Jan/19
Japan 339.00 Feb/19
Mexico -4809.60 Jan/19
Netherlands 2868.00 Jan/19
Russia 13368.00 Jan/19
Saudi Arabia 184673.00 Sep/18
Singapore 5198.50 Feb/19
South Africa -13082.76 Jan/19
South Korea 3098.00 Feb/19
Spain -4483276.00 Jan/19
Switzerland 2037.56 Feb/19
Turkey -2503.45 Jan/19
United Kingdom -3825.00 Jan/19
United States -59769.00 Dec/18


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