Source: Annual Report (2020) | Central Bank of Sri Lanka
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"The overall contraction in the trade deficit in 2019 was driven by a significant reduction in the expenditure on merchandise imports, which was primarily due to the policy induced reduction in the importation of gold and motor vehicles. The healthy growth in merchandise exports observed in the first half of 2019 reversed in the second half, resulting in an overall modest growth in export earnings in 2019. Export growth in 2019 was primarily driven by the increase in exports of textiles and garments."
Source: Annual Report (2019) | Central Bank of Sri Lanka
Data Table
| Year | Exports (US$ million) | Imports (US$ million) | Trade Deficit (US$ million) |
|---|---|---|---|
Source: Annual Report (2020) | Central Bank of Sri Lanka