Sri Lanka’s trade deficit narrowed to USD 206 million in September of 2022 from USD 492 million in the corresponding month of the previous year. Exports grew by 4.3% to USD 1,079 million, supported by sales of textile garments (5%), tea (13.2%), machinery and appliances (38.9 percent), and gems, diamonds, and jewelry (129.1%). Conversely, exports fell for rubber products (-13.1%). In the meantime, imports declined by 15.8%, amid lower purchases of machinery and transport equipment (-61.5%) and manufactured goods (-25.9%). Considering the first three quarters of 2022, the trade gap narrowed to USD 4,104 million from USD 5,999 million in the same period of 2021. source: Central Bank of Sri Lanka
Balance of Trade in Sri Lanka averaged -510.65 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 November of 2022.
Balance of Trade in Sri Lanka is expected to be -350.00 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.