Sri Lanka Balance of Trade

Last Release

Oct 31, 2024

Actual

-544

Units In

USD Million

-634

Frequency

Monthly

Next Release

Dec 31, 2024

Time to Release

30 Days 10 Hours

Highest	Lowest	Average	Date Range	Source
541.1 Jan 2024	-1,100.65 Nov 2011	-493.99 USD Million	2002-2024	Central Bank of Sri Lanka

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.

Latest Updates

Sri Lanka's trade deficit narrowed to USD 544 million in October 2024, compared to USD 682 million in the same month of the previous year. Exports surged by 24.8% to USD 1,158 million, driven by significant increases in sales of food and live animals (+28.1%), mineral fuels, lubricants, and related materials (+135.6%), and miscellaneous manufactured articles (+23.9%). In contrast, imports rose modestly by 5.7% to USD 1,702.4 million, largely influenced by a sharp decline in purchases of mineral fuels, lubricants, and related materials (-31.9%).