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.