The country's trade deficit in 2021 rose by over $ 2 billion owing to a sharper rise in imports and despite commendable export performance amidst challenges. 

Trade deficit in 2021 amounted to $ 8.13 billion, as against $ 6 billion in the previous year. In December deficit topped the $ 1 billion mark almost doubling from a year earlier.

Imports rose by 28.5% to $ 20.6 billion in 2021 and exports rose by 20% to $ 12.5 billion. In December exports amounted to $ 1.15 billion, up 20% from a year earlier. Imports jumped by 47% to $ 2.2 billion.

Lanka’s love for imports ‘irresistible’; ignition for forex crisis