Sri Lanka Balance of Trade

Last Release

Sep 30, 2024

Actual

-634

Units In

USD Million

-430

Frequency

Monthly

Next Release

Nov 29, 2024

Time to Release

27 Days 12 Hours

Highest	Lowest	Average	Date Range	Source
541.1 Jan 2024	-1,100.65 Nov 2011	-493.8 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 trade deficit rose to USD 634 million in September 2024, up from USD 377 million in the corresponding month of the previous year, marking the highest deficit since October 2023. Imports surged 22% to $1,645 million, driven by higher purchases of food & live animals (+9.8%), chemicals & related products (+25.7%), manufactured goods (+28.6%) and machinery & transport equipment (+79.8%). Meanwhile, exports rose 4.1% to $1,011 million, led by higher sales of mineral fuels, lubricants and related materials (+62%) and miscellaneous manufactured articles (+17.4%).