Usa Sri Lanka 2020 pandemic reports Usa Sri Lanka

Sri Lanka’s trade deficit widens for fifth consecutive month

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COLOMBO (News 1st); Sri Lanka’s trade deficit widened for the fifth consecutive month in July 2021 although earnings from export of goods increased during the month over a year earlier.This was revealed through the Central Bank’s External Sector performance report for July 2021.The cumulative deficit in the trading account from January to July 2021 widened to 4,922 million US dollars from 3,471 million US dollars in the corresponding period of 2020.According to the report, workers’ remittances declined in July, following the trend observed in June 2021, while earnings from tourism remained at minimal levels.The reports notes, exports performed well in July 2021 despite the ongoing pandemic.

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