Exports from Sri Lanka rose 4.1 percent year-on-year to USD 980 million in November 2018, boosted by shipments of industrial products (10.4%), namely textiles and garments (10.7%) primarily to the USA; petroleum products (28.8%) and machinery and mechanical appliances (32.3%). In contrast, those of agricultural goods went down (-16.2%), mostly tea (-18.8%); spices (-17.7%) and coconut (-20.5%) Exports in Sri Lanka averaged 737.52 USD Million from 2003 until 2018, reaching an all time high of 1108 USD Million in March of 2018 and a record low of 304.80 USD Million in April of 2003.
Exports in Sri Lanka is expected to be 950.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Sri Lanka to stand at 850.00 in 12 months time. In the long-term, the Sri Lanka Exports is projected to trend around 910.00 USD Million in 2020, according to our econometric models.