Trade Balance in Sri Lanka

Sri Lanka Trade Balance | Economic News & Forecasts

Sri Lanka - Trade Balance

Activity was in seemingly good shape in Q3 as looser Covid-19 restrictions from early July boosted momentum, with both PMIs clocking expansions in the quarter. Moreover, tourism picked up significantly in Q3, particularly from the start of September. Turning to Q4, conditions should be improving further as some restrictions were lifted at the start of the period, while tourism gained significant steam in October–November, with the number of visitors surging in both months. Meanwhile, both PMIs jumped to seven-month highs in October, boding well for the economy in the final quarter of the year. In other news, on 12 December the president suspended parliament for an additional week until 18 January, delaying a discussion around applying for a bailout package from the IMF amid an imminent foreign currency crisis, as international reserves reach dangerously low levels.

Sri Lanka - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-8.4  -8.9  -9.6  -10.3  -8.0  

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Note: Trade balance in USD bn.

Sri Lanka Facts

Value Change Date
Exchange Rate181.20.02 %Jan 01

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