Sri Lanka’s trade deficit decreased to USD 729 million in April of 2022 from USD 889 million a year ago, pointing to the smallest trade gap since last November, as imports dropped while exports surged. Imports fell 0.5 percent from a year earlier to USD 1,699 million on lower purchases of consumer goods (-15.4%), in particular sugar and confectionery (-35.5%) and seafood (-15.9%). Also, purchases declined for investment goods (-24.6%) namely machinery and equipment (-21.2%), building material (-22.9%). By contrast, imports grew for intermediate goods (11.3%), namely fuel (23.5%), textiles and textile articles (23.1%). Meanwhile, exports soared 18.5% to USD 969.8 million, boosted by sales of industrial products (21.9%), mainly textile and garments (22.3%), rubber products (10.7%); and agricultural products (7.3%), in particular tea (1.5%). Considering the first four months of the year, the trade gap widened to USD 3,131 million from USD 2,948 million in the same period of 2021. source: Central Bank of Sri Lanka

Balance of Trade in Sri Lanka averaged -512.77 USD Million from 2002 until 2022, reaching an all time high of 110.30 USD Million in August of 2002 and a record low of -1100.65 USD Million in November of 2011. 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 - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

Balance of Trade in Sri Lanka is expected to be -500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sri Lanka Balance of Trade is projected to trend around -500.00 USD Million in 2023, according to our econometric models.

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Sri Lanka Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-05-17 01:45 AM Mar $-762M $-781M $ -500M
2022-06-13 01:45 AM Apr $-729M $-762M
2022-07-22 09:00 AM May $-729M


Related Last Previous Unit Reference
Balance of Trade -729.00 -762.00 USD Million Apr 2022
Current Account -1139.47 -766.32 USD Million Dec 2021
Current Account to GDP -1.30 -2.20 percent of GDP Dec 2020
Imports 1669.00 1819.00 USD Million Apr 2022
Exports 969.80 1057.00 USD Million Apr 2022
External Debt 50724.21 51117.43 USD Million Dec 2021
Terms of Trade 86.63 100.47 points Mar 2022
Tourism Revenues 173.60 148.10 USD Million Feb 2022
Remittances 204.90 259.20 USD Million Feb 2022
Foreign Direct Investment 178.75 178.16 USD Million Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
-729.00 -762.00 110.30 -1100.65 2002 - 2022 USD Million Monthly

News Stream
Sri Lanka Trade Gap Smallest in 5 Months
Sri Lanka’s trade deficit decreased to USD 729 million in April of 2022 from USD 889 million a year ago, pointing to the smallest trade gap since last November, as imports dropped while exports surged. Imports fell 0.5 percent from a year earlier to USD 1,699 million on lower purchases of consumer goods (-15.4%), in particular sugar and confectionery (-35.5%) and seafood (-15.9%). Also, purchases declined for investment goods (-24.6%) namely machinery and equipment (-21.2%), building material (-22.9%). By contrast, imports grew for intermediate goods (11.3%), namely fuel (23.5%), textiles and textile articles (23.1%). Meanwhile, exports soared 18.5% to USD 969.8 million, boosted by sales of industrial products (21.9%), mainly textile and garments (22.3%), rubber products (10.7%); and agricultural products (7.3%), in particular tea (1.5%). Considering the first four months of the year, the trade gap widened to USD 3,131 million from USD 2,948 million in the same period of 2021.
2022-06-13
Sri Lanka Trade Gap Smallest in 3 Months
Sri Lanka’s trade deficit declined to USD 762 million in March of 2022 from USD 832 million a year ago, pointing to the smallest trade gap since last December, as imports fell more than exports. Imports dropped 5.6 percent from a year earlier to USD 1,819 million on lower purchases of consumer goods (-25.7%), in particular sugar and confectionery (-55.3%) and vegetables (-35.3%). Also, purchases went down for investment goods (-13.9%) namely machinery and equipment (-17.3%), building material (-4.2%). By contrast, imports grew for intermediate goods (4.2%), namely fuel (49.7%), mineral products (112.2%). Meanwhile, exports shrank at a slower 3.4% to USD 1,057 million, dragged down by sales of both agricultural products (-22.6%), mainly tea (-24%); and minerals (-57.1%), amid softer rises in sales of industrial products (2.9% vs 19.4% in February). For Q1 of 2022, the trade gap widened to USD 2,402 million from USD 2,059 million in Q1 of 2021.
2022-05-17
Sri Lanka Trade Gap Widens in February
Sri Lanka’s trade deficit increased to USD 781 million in February of 2022 from USD 572 million a year ago. Imports surged 22.9 percent from a year earlier to USD 1,873 million, on higher purchases of intermediate goods (29%), namely fuel (44.4%), textiles and textile articles (45.1%) and chemical products (19.3%). Also, shipments climbed for consumer goods (9.5%), in particular medical and pharmaceutical products (8.1%), cereals and milling industry products (1,320.4%); and investment goods (16.4%), namely machinery and equipment (15.7%), building material (29.5%). Meanwhile, exports grew at a softer 14.7 percent to USD 1,092 million, driven by sales of industrial products (19.4%), mainly textiles and garments (12%), rubber products (9.1%); and minerals (12.7%). Considering the first two months of the year, the trade gap widened to 1,640 million from 1,227 million in the same period of 2021.
2022-05-13