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Exports Return To Pre- Pandemic Levels
Posted 20,April

By Chaveendra Dunuwille

In Local News

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The widespread Co-vid 19 pandemic has hampered the growth of all the world’s  economies however with the increase in exports, increase in workers remittances  and the returning stability in the domestic foreign exchange markets the Sri  Lankan exports have returned to pre- pandemic levels.  

The deficit of trade in February 2021 remained unchanged and the Government  Securities Market and the Colombo Stock Exchange recorded net outflows.  Although export and import levels were lower in February 2021 compared to  February 2020 the deficit in trade for February 2021 was recorded at US$ 527  million and largely remained unchanged compared to February 2021. 

The US$ 400 million obtained from the Reserve Bank of India back in July 2020  through the SAARCFINANCE swap facility was also repaid by February 2021.