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(AFX UK Focus) 2009-06-22 07:05
TABLE-S.Lanka's trade deficit narrows to $166.7 mln in April
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COLOMBO, June 22 (Reuters) - Sri Lanka's external trade deficit narrowed 75.9 percent to $166.7 million in April from $690.2 million a year earlier, the Central Bank said on Monday.
(in millions of dollars)
April 2009 Jan-April 2009
Exports 437.6 2,085.0
Imports 604.3 2,891.1
Surplus/(Deficit) (166.7) (806.1)

  • By April's end, Sri Lanka's gross official reserves were at $1.296 billion sufficient to finance 1.2 month of imports, marginally up from $1.27 billion a month ago, and down from $2.99 billion at the end of 2008.

  • For the first four months of 2009, Sri Lanka's trade deficit narrowed by 61.5 percent to $806.1 million, compared with a deficit of $2.09 billion a year ago.

  • In 2008, Sri Lanka posted a trade deficit of $5.87 billion, compared with $3.66 billion in 2007. (Reporting by Shihar Aneez; editing by Bryson Hull) Keywords: SRILANKA ECONOMY/TRADE (shihar.aneez@reuters.com; +94-112-375-503; Reuters Messaging: shihar.aneez.reuters.com@reuters.net)

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