Sri Lanka’s trade deficit widened to USD 716 million in May of 2021, from USD 407 million in the same month last year. Exports went up 52.0 percent from a year earlier to USD 892 million, mainly textiles & garments (69.2 percent to USD 372 million), tea (0.9 percent to USD 109 million), and rubber products (80.1 percent to USD 89 million). Meanwhile, imports surged 61.7 percent to USD 1,607 million, mostly purchases of fuel (425.5 percent to USD 331 million), textiles & products thereof (94.7 percent to USD 236 million), and machinery & equipment (15.9 percent to USD 183 million). Considering the January to May period of 2021, the country's trade gap widened to USD 3,663 million from USD 3,101 million in the same period of the previous year. source: Central Bank of Sri Lanka

Balance of Trade in Sri Lanka averaged -532.13 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 July 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. Looking forward, we estimate Balance of Trade in Sri Lanka to stand at -800.00 in 12 months time. 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.

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Sri Lanka Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-715.70 -889.00 -50.10 -1100.70 2003 - 2021 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-04-16 02:40 PM Feb $-572M $-667M $-690M
2021-05-18 11:00 AM Mar $-832M $-572M $-610M
2021-06-17 10:15 AM Apr $-889M $-832M
2021-07-23 09:00 AM May $-716M $-889M
2021-08-23 09:00 AM Jun $-716M
2021-09-24 09:00 AM Jul
2021-10-22 09:00 AM Aug
2021-11-17 09:00 AM Sep $ -780M


News Stream
Sri Lanka Trade Gap Expands in May
Sri Lanka’s trade deficit widened to USD 716 million in May of 2021, from USD 407 million in the same month last year. Exports went up 52.0 percent from a year earlier to USD 892 million, mainly textiles & garments (69.2 percent to USD 372 million), tea (0.9 percent to USD 109 million), and rubber products (80.1 percent to USD 89 million). Meanwhile, imports surged 61.7 percent to USD 1,607 million, mostly purchases of fuel (425.5 percent to USD 331 million), textiles & products thereof (94.7 percent to USD 236 million), and machinery & equipment (15.9 percent to USD 183 million). Considering the January to May period of 2021, the country's trade gap widened to USD 3,663 million from USD 3,101 million in the same period of the previous year.
2021-07-23
Sri Lanka Trade Deficit Widens in April
Sri Lanka's trade deficit widened to USD 889 million in April of 2021 from USD 840 million in the corresponding month of the previous year. Exports soared 189.8 percent from a year earlier to USD 818 million, underpinned by shipments of textiles & garments (461.2 percent), rubber products (154.4 percent), and petroleum products (149.9 percent). Meantime imports surged 52.1 percent to USD 1,707 million, mainly due to a resurgence in purchases of fuel (239.2 percent), machinery & equipment (101.5 percent), textiles & articles thereof (55.5 percent). Considering the January to April period of 2021, the country's trade gap widened to USD 2,948 million from USD 2,693 million in the same period of the previous year.
2021-06-17
Sri Lanka Trade Gap Widens in March
Sri Lanka's trade deficit widened to USD 832 million in March of 2021 from USD 549 million in the corresponding month of the previous year. Exports soared 66.7 percent from a year earlier to USD 1,094 million, underpinned by shipments of textiles & garments (49.4 percent), tea (99.3 percent), and rubber products (74.8 percent). Meantime imports surged 59.8 percent to USD 1,926 million, mainly due to larger purchases of fuel (46.1 percent), machinery & equipment (110.8 percent), textiles & articles thereof (80.2 percent), non-food consumer goods (53.1 percent), and food & beverages (32.6 percent). Considering the first three months of the year, the country's trade gap widened to USD 2,059 million from USD 1,853 million a year earlier.
2021-05-18
Sri Lanka Trade Gap Narrows in February
Sri Lanka's trade deficit narrowed to USD 572 million in February of 2021 from USD 574 million in the corresponding month of the previous year. Exports fell 3.7 percent from a year earlier to USD 951.7 million while imports decreased 2.5 percent to USD 1520 million. Considering the first two months of the year, the country's trade gap shrank to USD 1.23 billion from USD 1.3 billion a year earlier.
2021-04-16

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.