Sri Lanka’s trade deficit nearly tripled to USD 607 million in July of 2021, from USD 209 million in the same month of the previous year. Exports went up 1.7 percent to USD 1,104 million, as increases in sales of rubber products (13.6 percent to USD 93 million), petroleum products (94.7 percent to USD 52 million), and spices (12.0 percent to USD 46 million) were offset by lower exports of textiles and garments (-3.2 percent to USD 454 million) and tea (-12.1 percent to USD 115 million). Meanwhile, imports rose a steeper 32.2 percent to USD 1,710 million, underpinned by higher purchases of fuel (27.8 percent to USD 256 million); textiles and products thereof (27.4 percent to USD 251 million); and machinery and equipment (47.8 percent to USD 232 million). During the January-July period of 2021, the trade deficit expanded to USD 4,922 million, from USD 3,471 million in the same period of 2020. source: Central Bank of Sri Lanka
Balance of Trade in Sri Lanka averaged -533.01 USD Million from 2003 until 2021, 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. 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 October of 2021.
Balance of Trade in Sri Lanka is expected to be -780.00 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 -800.00 USD Million in 2022 and -610.00 USD Million in 2023, according to our econometric models.