Sri Lanka recorded a trade deficit of 565 USD Million in November of 2020. source: Central Bank of Sri Lanka

Balance of Trade in Sri Lanka averaged -528.07 USD Million from 2003 until 2020, 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 January of 2021.

Balance of Trade in Sri Lanka is expected to be -820.00 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 -820.00 in 12 months time. In the long-term, the Sri Lanka Balance of Trade is projected to trend around -820.00 USD Million in 2022 and -610.00 USD Million in 2023, according to our econometric models.

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Sri Lanka Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-565.00 -514.00 -50.10 -1100.70 2003 - 2020 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-10-30 09:00 AM Aug $-342M $-209M $-430M
2020-12-02 11:00 AM Sep $-525M $-342M $ -500M
2020-12-14 11:00 AM Oct $-514M $-525M $-580M
2021-01-15 08:00 AM Nov $-565M $-514M $-590M
2021-02-24 12:50 PM Dec $-565M
2021-03-31 09:00 AM Jan
2021-05-15 09:30 AM Feb
2021-06-01 09:00 AM Mar
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Sri Lanka Trade Gap Narrows in October
Sri Lanka's trade deficit narrowed to USD 514 million in October 2020, from USD 838 million in the same month last year, as imports tumbled 24.9 percent led by purchases of consumer goods (-34.4 percent), investment goods (-24.9 percent) and intermediate goods (-21.4 percent). Meanwhile, exports were down 13.2 percent on the back of lower sales of industrial exports (-16.9 percent) and mineral exports (-36.8 percent). Agricultural exports rose 0.6 percent. Considering the first 10 months of the year, the trade deficit shrank to USD 4.85 billion from USD 6.45 billion in the same period of 2019.
2020-12-14
Sri Lanka Posts Lowest Trade Gap since 2009
Sri Lanka's trade deficit shrank to USD 209 million in July of 2020 from USD 717 million in the same month of the previous year. It was the smallest monthly trade shortfall since August of 2009, as imports slipped 24.6 percent to USD 1,294 million, partly attributed to the measures taken by the government to restrict purchases of selected non-essential goods. Meantime, exports rose 8.7 percent to USD 1,085 million, the first gain since February of 2020, amid the gradual recovery of both domestic and global supply and demand chains and government efforts to support the export industries. Increases were seen in shipments of industrial products (3.8 percent); agricultural goods (27.3 percent) and mineral products (7.4 percent).
2020-09-14
Sri Lanka Posts Smallest Trade Gap in Nearly a Year
Sri Lanka's trade deficit shrank to USD 407 million in May of 2020 from USD 823 million in the same month of the previous year. It was the smallest monthly trade shortfall since June of 2019, as imports plummeted 44.3% to an over 10-year low of USD 994 million, mainly attributable to the measures taken from March 2020 to restrict the importation of selected goods aiming at easing the pressure on the exchange rate and international reserves from the adverse effects of the pandemic. Intermediate goods led the declines, falling 53.6%, followed by capital goods (-40.3%) and consumer goods (-20.5%). Meantime, exports fell at a softer 39% to USD 587 million, as firms gradually resumed activities following the relaxation of lockdown measures and the recovery of both domestic and global supply and demand chains to some extent. Declines were seen in shipments of industrial products (-45.9%); agricultural goods (-15.2%) and mineral products (-12.2%).
2020-07-13
Sri Lanka Posts Widest Trade Gap since 2018
Sri Lanka's trade deficit rose to USD 840 million in April of 2020 from USD 797 million in the same month of the previous year. It was the largest monthly trade shortfall since October of 2018, as exports tumbled 64.6% to a record low of USD 282 million, severely impacted by the ongoing global pandemic disruptions. Shipments were reduced in all categories, namely industrial products (-74%) such as textiles & garments (-81.8%); gems, diamonds and jewellery (-99.4%) and rubber products (-54.2%); agricultural goods (-32%), of which tea (-20.8%) and seafood (-72.3%); and mineral products (-57.5%). Imports fell at a slower 29.6% to USD 1,123 million, as purchases decreased for intermediate goods (-35.4%); consumer goods (-18.%) and capital goods (-38.2%). Considering the first four months of the year, the country's trade deficit widened to USD 2.69 billion from USD 2.46 billion in the same period of 2019, with exports and imports falling 25.9% and 12.3%, respectively.
2020-06-22

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.