Sri Lanka's Q1 trade growth: Imports up 12.9%, exports 5.7% YoY, with agricultural and industrial exports rising.
Sri Lanka's trade growth in Q1: Imports increased 12.9% and exports rose 5.7% YoY. Agricultural exports grew 5.1%, while industrial exports increased by 6% during the first quarter, benefiting from growth in manufacturing, industrial and tourism sectors. The World Bank projects Sri Lanka's economy to grow at a moderate 2.2% in 2024, indicating signs of stabilization following the severe economic downturn in 2022.
May 06, 2024
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