The trade deficit narrowed in November 2023, compared to a year earlier and October 2023, as a combined impact of an improvement in exports and a compression in imports. Exports recorded a year-on-year growth for the first time since September 2022.
Monthly workers’ remittances continued to exceed US dollars 500 million and recorded a notable increase in November 2023 compared to the corresponding period in 2022.
Tourist arrivals soared during the festive season, contributing to high earnings from tourism.
Foreign investments in the government securities market continued to record a net outflow since July 2023, but remains positive on a cumulative basis during the year.
Gross Official Reserves amounted to US dollars 3.6 billion by end November 2023.
The Sri Lanka rupee continued to remain stable against the US dollar during the month of November 2023.