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Earnings from export of agricultural goods increased by 8.9 per cent The trade deficit widened on a year-on-year basis for the third consecutive month in May 2021 to US dollars 716 million, compared to US dollars 407 million recorded in May 2020. Greater increase in import expenditure as against the increase in export earnings in May 2021 over May 2020 resulted in the widening of the trade deficit, according to statistics released by the Central Bank yesterday. However, the trade deficit showed a month-on-month improvement in May 2021 compared to US dollars 889 million in April 2021. The cumu...

Tue, Dec 15, 2020, 12:16 pm SL Time, ColomboPage News Desk, Sri Lanka. Dec 15, Colombo: Sri Lanka’s trade deficit narrowed in October 2020, as imports declined at a faster pace than the decline in exports, the Central Bank reported Tuesday in its External Sector Performance review for the month. The trade deficit narrowed to US$ 514 million in October 2020 compared to the deficit of US$ 838 million recorded in October 2019. On a cumulative basis, the trade deficit contracted to US$ 4.852 billion during the first ten months of 2020 from US$ 6.451 billion in the corresponding period of 2019. ...