TABLE-Sri Lanka's 2009 trade deficit narrows 52.5 pct yr/y
COLOMBO, Feb 16 (Reuters) - Sri Lanka's trade deficit fell 52.5 percent to $2.8 billion in 2009 from $5.9 billion a year earlier, the central bank said on Tuesday.
(in millions of dollars)
2009 2008 Exports 7,084.5 8,110.6 Imports 9,883.2 14,008.0 Balance of trade -2,798.6 -5,897.4
- In 2008, Sri Lanka posted a record trade deficit, compared with $3.66 billion in 2007.
- The 2009 deficit is the lowest since 2005
- Gross official reserves including the foreign reserves kept with Asian Clearing Union (ACU) were at a record high of $5.4 billion. (Reporting by Shihar Aneez and Ranga Sirilal; Editing by Jan Dahinten)
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