Sri Lanka trade deficit narrows in July 2020 as exports surpass US$ 1 bn

Sri Lanka’s trade deficit significantly narrowed in July 2020, as exports increased to surpass US$ 1 billion while imports recorded a decline, the Central Bank reported Tuesday in its External Sector Performance review for the month

Sep 15, 2020
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Sri Lanka’s trade deficit significantly narrowed in July 2020, as exports increased to surpass US$ 1 billion while imports recorded a decline, the Central Bank reported Tuesday in its External Sector Performance review for the month.

The trade deficit narrowed by to US$ 209 million in July 2020 compared to the deficit of US$ 717 million recorded in July 2019.

On a cumulative basis, the trade deficit contracted to US$ 3.47 billion during the first seven months of 2020 from US$ 4.314 billion in the corresponding period of 2019.

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