Trade Balance in Sri Lanka

Sri Lanka Trade Balance | Economic News & Forecasts

Sri Lanka - Trade Balance

Despite growing a healthy 3.2% year-on-year in the first quarter, the economy has started showing signs of strain. Capital outflows due to expectations of faster-than-expected U.S. monetary policy normalization led the rupee to lose value since late April; it hit an all-time low against the dollar on 13 June. The Central Bank has stayed on the margins so far, stating in May that there is no need to intervene in the forex markets, as the depreciation is not indicative of weak economic fundamentals at home, and international reserves are expected to increase. The country is expected to receive over USD 252 million from the IMF after satisfactorily completing the fifth review under the Extended Fund Facility program and over USD 1.0 billion in loan payments.

Sri Lanka - Trade Balance Data

2013  2014  2015  2016  2017  
Trade Balance (USD billion)-7.6  -8.3  -8.4  -8.9  -9.6  

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Note: Trade balance in USD bn.

Sri Lanka Facts

ValueChangeDate
Exchange Rate159.60.02 %Jul 13

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