1.  Overview the trade of SRI LANKA in goods current year until 202001

According to Dalian Infobank, in 202001, SRI LANKA's exports and imports of goods amounted to 2717.0376 million, and were up 2.41% comparing with the same period of last year. Among these, exports were down 6.82% at 961.4537 million, and imports were up 8.29% at 1755.5838 million. And the corresponding trade deficit was 794.1301 million and up 34.75%.

During the current year until 202001, SRI LANKA's total exports and imports of goods were 2717.0376 million and were up 2.41% comparing to the same period of last year. Among these, exports were 961.4537 million and down 6.82%; imports were 1755.5838 million and up 8.29%. The total trade deficit was 794.1301 million and up 34.75%.

If considering by country (region), CHINA, INDIA, UNITED STATES, UNITED ARAB EMIRATES, UNITED KINGDOM were SRI LANKA's top five trading partners. During the current year until 202001, SRI LANKA's imports and exports to five countries/territories were 464.4187 million, 359.9986 million, 313.5914 million, 141.2782 million, 118.1775 million. These values correspond to 17.09%, 13.25%, 11.54%, 5.20%, 4.35% of SRI LANKA's imports and exports, and, respectively, were up 21.89%, down 11.03%, down 0.59%, up 6.50%, up 2.91% comparing to the same period of last year.

Current year until 202001, SRI LANKA and the top five trade partners UNITED STATES, UNITED KINGDOM, INDIA, GERMANY, ITALY are the top five countries/territories that SRI LANKA exports to in terms of the total export amount. During the current year until 202001, SRI LANKA's exports to these five countries/territories were 267.6768 million, 85.3368 million, 63.2234 million, 51.9026 million, 45.4751 million. These values correspond to 27.84%, 8.88%, 6.58%, 5.40%, 4.73% of SRI LANKA's exports and, respectively, were down 3.89%, down 0.55%, down 8.92%, down 1.44%, up 2.95% comparing with the same period of last year.

Current year until 202001, SRI LANKA's exports to top five countries/territories CHINA, INDIA, UNITED ARAB EMIRATES, SINGAPORE, JAPAN are the top five countries/territories that SRI LANKA imports from in terms of the total export amount. During the current year until 202001, SRI LANKA's imports from these five countries/territories were 445.1625 million, 296.7752 million, 125.5551 million, 88.0813 million, 66.8303 million. These values correspond to 25.36%, 16.90%, 7.15%, 5.02%, 3.81% of SRI LANKA's total imports and, respectively, were up 22.41%, down 11.46%, up 20.13%, down 21.01%, up 19.31% comparing with the same period of last year.

During the current year until 202001, the trade surplus of SRI LANKA was mainly from UNITED STATES, UNITED KINGDOM, BELGIUM, GERMANY, BANGLADESH at 221.7621 million, 52.4962 million, 25.4602 million, 14.9743 million, 13.1031 million, and down 8.20%, down 7.53%, up 20.14%, down 17.35%, up 22.72%. And the trade deficits were mainly from CHINA, INDIA, UNITED ARAB EMIRATES, SINGAPORE, MALAYSIA at 425.9062 million, 233.5518 million, 109.8320 million, 74.0181 million, 54.0683 million, and up 22.98%, down 12.13%, up 43.80%, down 26.88%, up 42.39%.

Current year until 202001, SRI LANKA's trade surplus or deficit with top five countries/territories During the current year until 202001,  commodities with hs2 codes, 27, 61, 62, 84, 85, were SRI LANKA's top five traded commodities. They correspond to the import and export values of 348.1321 million, 242.5263 million, 217.9373 million, 166.1295 million, 149.9504 million, which were up 7.53%, down 1.89%, down 1.93%, up 4.49%, up 15.75% comparing with the same period of last year and account for 12.81%, 8.93%, 8.02%, 6.11%, 5.52% of SRI LANKA's total imports and exports.

During the current year until 202001, 61, 62, 09, 40, 27 were SRI LANKA's top five traded commodities, with total import and export values of 234.7088 million, 201.4180 million, 115.7062 million, 72.9052 million, 35.6484 million. These values correspond to 24.41%, 20.95%, 12.03%, 7.58%, 3.71% of SRI LANKA's total exports and, respectively, were down 2.53%, down 1.51%, down 13.90%, down 12.78%, up 14.99% comparing to the same period of last year.

During the current year until 202001, 27, 84, 85, 87, 60 were SRI LANKA's top five traded commodities, with total import values of 312.4837 million, 157.5059 million, 128.0505 million, 99.7477 million, 86.0145 million. These values correspond to 17.80%, 8.97%, 7.29%, 5.68%, 4.90% of SRI LANKA's total exports and, respectively, were up 6.74%, up 4.87%, up 26.23%, up 8.73%, up 6.86% comparing to the same period of last year.

2. Current year until 202001, SRI LANKA binational trade profile

According to Dalian Infobank, during the current year until 202001, SRI LANKA-China binational exports and imports of goods amounted to 464.4187 million and were up 21.89% comparing with the same period of last year. Among these, exports from SRI LANKA to China were 19.2562 million and up 11.06%, imports from China to SRI LANKA were 445.1625 million and up 22.41%. The total binational trade deficit was 425.9062 million and up 22.98%.

During the urrent year until 202001, commodities with hs2 code, 85, 84, 60, 55, 52, were binational trade's top five traded commodities. They correspond to import and export values of 66.9487 million, 53.6325 million, 33.9323 million, 32.5295 million, 24.8205 million and makes up 14.42%, 11.55%, 7.31%, 7.00%, 5.34% of the total binational imports and exports. These values were also up 33.69%, down 3.34%, up 4.03%, up 32.91%, up 26.87% comparing to the same period last year.

During the current year until 202001, 61, 09, 62, 53, 38 were the top five traded commodities exported to China from SRI LANKA, with export values of 4.3005 million, 3.1112 million, 2.7715 million, 1.7746 million, 1.3486 million. These values account for 22.33%, 16.16%, 14.39%, 9.22%, 7.00% of SRI LANKA's total exports and were down 5.72%, up 10.23%, up 40.12%, up 77.75%, up 20.67% comparing to the same period of last year.

During the current year until 202001, 85, 84, 60, 55, 52 were SRI LANKA's top five traded commodities importing from China , with import values of 66.1817 million, 53.5710 million, 33.9323 million, 32.5295 million, 24.8205 million. These values account for 14.87%, 12.03%, 7.62%, 7.31%, 5.58% of SRI LANKA's total imports and were up 37.00%, down 3.44%, up 4.16%, up 32.91%, up 26.87% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Sri Lanka Customs