Sri Lanka Steadiness of Commerce

Sri Lanka’s commerce deficit narrowed to USD 390 million in November 2023, from USD 450 million within the corresponding month of the earlier yr. Exports elevated for the primary time since September 2022 by 0.4% year-on-year to USD 999 million, as a consequence of an enchancment in agricultural exports, notably tea, in addition to mineral exports. Conversely, industrial exports fell, amid decrease export earnings from clothes, animal fodder, equipment, and mechanical home equipment. In the meantime, imports declined by 3.9% to $1,389 million, primarily pushed by a lower in purchases of intermediate items, primarily gas imports. supply: Central Financial institution of Sri Lanka

Sri Lanka recorded a commerce deficit of 390 USD Million in November of 2023. Steadiness of Commerce in Sri Lanka averaged -504.31 USD Million from 2002 till 2023, reaching an all time excessive of 110.30 USD Million in August of 2002 and a report low of -1100.65 USD Million in November of 2011. This web page offers the most recent reported worth for – Sri Lanka Steadiness of Commerce – plus earlier releases, historic excessive and low, short-term forecast and long-term prediction, financial calendar, survey consensus and information. Sri Lanka Steadiness of Commerce – knowledge, historic chart, forecasts and calendar of releases – was final up to date on December of 2023.

Sri Lanka recorded a commerce deficit of 390 USD Million in November of 2023. Steadiness of Commerce in Sri Lanka is predicted to be -280.00 USD Million by the tip of this quarter, based on Buying and selling Economics world macro fashions and analysts expectations. Within the long-term, the Sri Lanka Steadiness of Commerce is projected to pattern round -140.00 USD Million in 2024 and -590.00 USD Million in 2025, based on our econometric fashions.

Sri Lanka exports principally textiles and clothes (40% of complete exports) and tea (17%). Others embody: spices, gems, coconut merchandise, rubber and fish. Important export companions are United States, United Kingdom, Germany, Belgium and Italy. Sri Lanka imports petroleum, textile materials, foodstuffes and equipment and transportation tools. Important import companions are India, China, Iran and Singapore.