Sri Lankan Merchandise trade deficit has narrowed to US dollars 553 million in November 2021 compared to US dollars 600 million in November 2022 as the result of enhancement of exports in November 2021. As central bank illustrates the highest monthly export value in the history had recorded in November 2021 which is almost US$ 1,215.6 million. (Sri Lanka’s Merchandise exports increased by 55.11% Compared to 2022 November). But in the other hand, import expenditure also increased at a higher rate. And Tourist arrivals continued to gather momentum with a notable increase over the previous month, showing strong signs of revival. A further moderation of workers’ remittances was observed in November 2021. The weighted average spot exchange rate in the interbank market continued to hover around Rs. 202 per US dollar during the month.
