Sri Lanka Sept trade gap widens to US$758mn, apparel, tea exports fall

Saturday, 16 November 2019 - 8:28

Sri Lanka’s trade deficit widened in Sept 2019 to US$ 758 million from US$ 713 million a year ago with apparel export earnings falling for the first time since July 2018 and tea, the main agricultural export, also down.

CB said spending on merchandise imports contracted for the eleventh consecutive month with a 3.3% decline in Sept 2019 to US$ 1,711 million from a year ago driven by lower consumer goods and intermediate goods imports

Exports fell 9.8 percent to 952 million dollars in September 2019 from the year before.

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