External Sector Performance – September 2023

Merchandise trade deficit widened in September 2023 due to the combined impact of relatively low export earnings and high import expenditure, compared to September 2022. The cumulative trade deficit during January to September 2023 continued to remain significantly low. 

Workers’ remittances and earnings from tourism recorded significant improvements in September 2023, compared to the corresponding period of the previous year. 

Tourist arrivals recorded over one million during the nine months of ending September 2023.

Foreign investments in the government securities market recorded a lower net outflow during September 2023, compared to the previous months.

Gross Official Reserves amounted to US dollars 3.5 billion by end September 2023.

The Sri Lanka rupee exhibited some volatility against the US dollar during the month of September 2023.


Published Date: 

Tuesday, October 31, 2023