SRI LANKA
EXPORTS FROM SRI LANKA Rs. 14,522.07 Bn
IMPORTS TO SRI LANKA Rs. 21,102.84 Bn
BALANCE OF TRADE Rs. -6,580.77 Bn
During the year 2019, the total Exports from Sri Lanka amounted to a total value of Rs. 2,140,876 million, while the total Imports to Sri Lanka amounted to a total value of Rs. 3,482,346 million. This resulted in a negative Bilateral Trade Balance of Rs. 1,341,470 million for Sri Lanka for the year 2019.
In comparison, during the year 2018, the total Exports from Sri Lanka amounted to a total value of Rs. 1,974,260 million, while the total Imports to Sri Lanka amounted to a total value of Rs. 3,587,048 million. This resulted in a negative Bilateral Trade Balance of Rs. 1,612,788 million for Sri Lanka for the year 2018.
Therefore there has been an decrease in the Bilateral Trade deficit of Sri Lanka from the year 2018 to the year 2019.
| Year | |||
|---|---|---|---|
| 2017 | 2018 | 2019 | |
| Population (No.) | 21,444,000 | 21,670,000 | 21,803,000 |
| GDP (Current US$ Millions) | 87,428 | 88,426 | 84,009 |
| Ease of Doing Business Ranking | 107 | 110 | 111 |
| Per Capita Income (Current US$) | 4077 | 4081 | 3853 |
Trade Balance
As of 2014 Sri Lanka had a negative trade balance of $9.8B in net imports. As compared to their trade balance in 1995 when they still had a negative trade balance of $614M in net imports.
Tourism
Tourist arrivals to Sri Lanka (Number of visitors) have increased from 34,000 in 2015 to 45,600 in 2016, which is an increase of 22.6%. Overall there has been a sustained increase in tourist arrivals since 2010.
