Sri Lanka

In 2012, the value of merchandise exports of Sri Lanka decreased moderately by 6.4 percent to reach 9.4 bln US$, while its merchandise imports decreased moderately by 9.2 percent to reach 17.9 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a relatively large deficit of 8.5 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Southern Asia at -3.6 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 17 partners accounted for 80 percent or more of imports (see graph 5). In 2011, the value of exports of services of Sri Lanka increased substantially by 24.7 percent, reaching 3.1 bln US$, while its imports of services increased substantially by 28.9 percent and reached 4.0 bln US$ (see graph 2). There was a moderate trade in services deficit of 928.5 mln US$.

Related Subject(s): International Trade and Finance

Countries: Sri Lanka