In 2014, the value of merchandise exports of Sri Lanka increased substantially by 12.9 percent to reach 11.3 bln US$, while its merchandise imports increased moderately by 7.3 percent to reach 19.2 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a moderate deficit of 7.9 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Eastern Asia at -4.2 bln US$ (see graph 4). Merchandise exports in Sri Lanka were diversified amongst partners; imports were also diversified. The top 21 partners accounted for 80 percent or more of exports and 14 partners accounted for 80 percent or more of imports (see graph 5). In 2013, the value of exports of services of Sri Lanka increased substantially by 23.3 percent, reaching 4.7 bln US$, while its imports of services increased substantially by 38.1 percent and reached 3.5 bln US$ (see graph 2). There was a moderate trade in services surplus of 1.2 bln US$.

Related Subject(s): International Trade and Finance
Countries: Sri Lanka
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