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External Sector Report.pdf

press_20210518_external_sector_performance_2021_march_e.pdf

🔗 Source: cbsl.gov.lk

📊 Size: 428 KB

👤 Author: Priyashantha AKK

⬇️ Downloads: 145

Summary

Sri Lanka's external sector showed a mixed performance in March 2021, with a widened trade deficit and a healthy growth in workers' remittances and a slight pickup in the tourism sector. The trade deficit widened to $832 million in March 2021, due to higher imports and exports. Workers' remittances grew by 24.4% to $612 million, while earnings from tourism were $6 million, a decline of 93.6% from March 2020. The Central Bank absorbed foreign exchange on a net basis to strengthen the gross official reserve position, and entered into a bilateral currency swap arrangement with the People's Bank of China for $1.5 billion. Merchandise exports increased by 66.7% to $1,094 million, driven by industrial and agricultural exports, while import prices increased, deteriorating the terms of trade by 6.3%.

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Description

Sri Lanka's external sector showed a mixed performance in March 2021, with a widened trade deficit and a healthy growth in workers' remittances and a slight...

Technical Information

File Format: PDF
File Size: 428 KB
Pages: 11
Language: EN
Author: Priyashantha AKK
Total Downloads: 145
Last Updated: 6 days ago

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