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.

Sri Lanka Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-17 10:25 AM Balance of Trade $-795M $-933M $ -928.2M
2018-10-01 10:25 AM Balance of Trade $-681M $-795M $ -870M
2018-11-09 10:30 AM Balance of Trade $-850M $-681M $ -720M
2018-11-29 09:30 AM Balance of Trade $-713M $-850M $ -760M
2018-12-21 11:00 AM Balance of Trade $-713M $ -785M
2019-01-11 11:00 AM Balance of Trade
2019-02-09 11:20 AM Balance of Trade $ -830M


Sri Lanka Trade Last Previous Highest Lowest Unit
Balance of Trade -713.20 -849.80 -50.10 -1100.70 USD Million [+]
Current Account -1127.00 -686.00 255.28 -1695.29 USD Million [+]
Current Account to GDP -2.60 -2.10 -0.40 -19.30 percent [+]
Exports 1055.20 1037.40 1108.00 304.80 USD Million [+]
Imports 1768.40 1887.10 2048.00 408.00 USD Million [+]
External Debt 53487.28 52090.15 53487.28 37098.10 USD Million [+]
Terms of Trade 102.68 106.36 161.24 74.50 Index Points [+]
Tourist Arrivals 195582.00 153123.00 244536.00 5536.00 [+]
Gold Reserves 19.90 22.30 23.10 3.63 Tonnes [+]
Terrorism Index 2.91 3.49 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-713.20 -849.80 -50.10 -1100.70 2003 - 2018 USD Million Monthly




Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13952.30 Oct/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -16670.00 Nov/18
Indonesia -2047.00 Nov/18
Italy 3784.00 Oct/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4850.00 Oct/18
Russia 19697.00 Oct/18
Saudi Arabia 162782.00 Jun/18
Singapore 3799.41 Nov/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18


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