Exports marginally fell while imports up in October
Sri Lank managed to bring down the trade deficit below USD 200mn in June and July with the support of over USD 1.20Bn exports and just USD 1.25Bn imports on average per those two months. Since August imports have increased while exports have generated less than USD 1.1Bn per month.
But the overall trade deficit has fallen by 32% on a cumulative basis and a 44% drop compared with Oct 2021. Slowing down apparel exports in the next few months would be an acid test for Sri Lanka.
Budgeted Revenue and Actual Revenue
Real wages are keep falling
Tourism inflow surpassed USD 1Bn in 2022