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Sri Lanka Net Trade (Goods & Services, BoP)

Sri Lanka's net trade (goods & services, bop) fell to $-1.5 billion in 2023, down from $-3.07 billion in 2022, according to World Bank. This represents a decrease of 51.4% ($1.58 billion) from the previous year. Sri Lanka has net trade (goods & services, bop) lower than the global median (-$1.50 billion vs median -$215.12 million). Compared with the median in Asia, Sri Lanka is lower (-$1.50 billion vs regional median $634.26 million) and ranks 27th out of 42 countries in Asia.

Yearly Historical Data (1975-2023)

(in Billion USD)
Year Net Trade (Goods & Services, BoP) (Billion USD)
2023 -1.5
2022 -3.07
2021 -6.55
2020 -5.19
2019 -5.15
2018 -6.58
2017 -6.32
2016 -5.99
2015 -6.06
2014 -6.41
2013 -6.43
2012 -8.16
2011 -8.61
2010 -4.12
2009 -2.73
2008 -5.58
2007 -3.35
2006 -3.11
2005 -2.18
2004 -1.82
2003 -1.14
2002 -1.11
2001 -0.95
2000 -1.73
1999 -1.22
1998 -0.95
1997 -1.07
1996 -1.24
1995 -1.36
1994 -1.38
1993 -0.98
1992 -0.92
1991 -1.02
1990 -0.67
1989 -0.77
1988 -0.75
1987 -0.68
1986 -0.75
1985 -0.73
1984 -0.34
1983 -0.77
1982 -0.88
1981 -0.71
1980 -0.9
1979 -0.4
1978 -0.13
1977 0.09
1976 -0.05
1975 -0.17
Sri Lanka Net Trade (Goods & Services, BoP) : Definition
Net Trade (Goods & Services, BoP) measures the difference between exports and imports of goods and services in Sri Lanka, recorded on a Balance of Payments basis and measured in current US dollars. A positive value indicates a trade surplus, while a negative value indicates a trade deficit.
Indicator Last Value Prior Value Period
Annual Exports $12.11B $12.05B 2024
Annual Imports $18.39B $16.39B 2024
Balance of Trade -$414M -$580M Aug'25
Exports $1.3B $1.3B Aug'25
Exports (% GDP) 19.89% 20.69% 2024
FDI Inflows (% GDP) 0.85% 1.19% 2023
Imports $1.7B $1.9B Aug'25
Imports (% GDP) 22.51% 22.85% 2024
Tariff Rate 5.73% 8.84% 2021
Trade (% GDP) 42.4% 43.54% 2024