Sri Lanka Balance Commerciale

Sri Lanka's trade deficit widened to USD 502 million in November 2024, compared to USD 390 million in the same month of the previous year. Exports fell by 0.5% to USD 994 million, driven by declines in industrial goods (-1.4%) due to lower sales of transport equipment, gems, diamonds, jewelry, and machinery. However, petroleum product exports grew notably, and agricultural exports rose, supported by increased volumes of spices, tea, and coconut-based products. In contrast, imports rose by 7.7% to USD 1,496 million, led by higher expenditure on consumer goods (+8.1%) and investment goods (+7.5%), reflecting increased imports of machinery, equipment, and food items.