Sri Lanka foreign exchange inflows exceed imports by $619mn in July
ECONOMYNEXT – Sri Lanka’s current foreign exchange earnings from exports, gross services and remittances rose to 2,362 million US dollars in July 2024 from 2,003 in June, which exceeded imports by 619 million US dollars, official data show.
Imports also rose to 1,743 million US dollars in July 2024 from 1,446 million US dollars, with investment goods and base metal imports picking up to 401 million dollars from 258 million dollars the previous month.
In intermediate goods, textiles and textiles articles rose to 279 million US dollars, about 233 million US dollars from last year with intermediate goods rising to 1,066 million US dollars in June from 974 million US dollars.
Sri Lanka’s gross services inflows were reported at 664.9 million US dollars, with tourism estimated at 323.3 million US dollars and computer services of 93.1 million US dollars.
Travel abroad was reported at 75. 1 million US dollars compared to 11.3 million dollars last year.
Net services inflows were 374.6 million dollars.
- https://economynext.com/sri-lanka-foreign-exchange-inflows-exceed-imports-by-619mn-in-july-178353/
