Exports from Sri Lanka rose 5.8 percent year-on-year to USD 1,084 million in June, 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. Exports in Sri Lanka averaged 747.01 USD Million from 2003 until 2019, reaching an all time high of 1137 USD Million in March of 2019 and a record low of 304.80 USD Million in April of 2003.
Exports in Sri Lanka is expected to be 1150.00 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 1190.00 in 12 months time. In the long-term, the Sri Lanka Exports is projected to trend around 1340.00 USD Million in 2020, according to our econometric models.