1.  Overview the trade of SRI LANKA in goods current year until 202002

According to Dalian Infobank, in 202002, SRI LANKA's exports and imports of goods amounted to 2470.3323 million, and were up 3.57% comparing with the same period of last year. Among these, exports were down 0.46% at 969.1734 million, and imports were up 6.34% at 1501.1588 million. And the corresponding trade deficit was 531.9854 million and up 21.46%.

During the current year until 202002, SRI LANKA's total exports and imports of goods were 5187.3698 million and were up 2.96% comparing to the same period of last year. Among these, exports were 1930.6272 million and down 3.73%; imports were 3256.7427 million and up 7.38%. The total trade deficit was 1326.1155 million and up 29.09%.

If considering by country (region), INDIA, CHINA, UNITED STATES, UNITED ARAB EMIRATES, UNITED KINGDOM were SRI LANKA's top five trading partners. During the current year until 202002, SRI LANKA's imports and exports to five countries/territories were 727.2188 million, 719.4838 million, 615.0958 million, 262.6843 million, 238.5699 million. These values correspond to 14.02%, 13.87%, 11.86%, 5.06%, 4.60% of SRI LANKA's imports and exports, and, respectively, were down 6.33%, up 4.09%, up 1.19%, down 1.25%, up 2.03% comparing to the same period of last year.

Current year until 202002, 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 202002, SRI LANKA's exports to these five countries/territories were 527.9396 million, 179.8443 million, 136.6118 million, 102.7960 million, 85.6784 million. These values correspond to 27.35%, 9.32%, 7.08%, 5.32%, 4.44% of SRI LANKA's exports and, respectively, were down 2.03%, up 4.12%, down 0.41%, up 0.24%, down 4.78% comparing with the same period of last year.

Current year until 202002, SRI LANKA's exports to top five countries/territories CHINA, INDIA, UNITED ARAB EMIRATES, MALAYSIA, JAPAN are the top five countries/territories that SRI LANKA imports from in terms of the total export amount. During the current year until 202002, SRI LANKA's imports from these five countries/territories were 683.6375 million, 590.6071 million, 224.6974 million, 214.6666 million, 128.0381 million. These values correspond to 20.99%, 18.13%, 6.90%, 6.59%, 3.93% of SRI LANKA's total imports and, respectively, were up 4.38%, down 7.60%, up 4.63%, up 137.07%, up 17.42% comparing with the same period of last year.

During the current year until 202002, the trade surplus of SRI LANKA was mainly from UNITED STATES, UNITED KINGDOM, BELGIUM, GERMANY, CANADA at 440.7834 million, 121.1188 million, 44.7510 million, 37.1962 million, 27.0155 million, and down 6.21%, up 8.48%, up 11.63%, down 2.75%, up 2710.62%. And the trade deficits were mainly from CHINA, INDIA, MALAYSIA, UNITED ARAB EMIRATES, SINGAPORE at 647.7912 million, 453.9953 million, 203.5858 million, 186.7104 million, 99.9925 million, and up 4.71%, down 9.56%, up 143.19%, up 14.20%, down 33.31%.

Current year until 202002, SRI LANKA's trade surplus or deficit with top five countries/territories During the current year until 202002,  commodities with hs2 codes, 27, 61, 62, 85, 84, were SRI LANKA's top five traded commodities. They correspond to the import and export values of 749.1693 million, 490.4877 million, 426.0815 million, 281.7760 million, 279.0989 million, which were up 22.97%, up 1.58%, down 3.29%, up 10.39%, up 0.48% comparing with the same period of last year and account for 14.44%, 9.46%, 8.21%, 5.43%, 5.38% of SRI LANKA's total imports and exports.

During the current year until 202002, 61, 62, 09, 40, 27 were SRI LANKA's top five traded commodities, with total import and export values of 473.9126 million, 395.8720 million, 238.2973 million, 147.5484 million, 77.5293 million. These values correspond to 24.55%, 20.50%, 12.34%, 7.64%, 4.02% of SRI LANKA's total exports and, respectively, were up 0.82%, down 3.29%, down 10.85%, down 5.19%, up 39.38% comparing to the same period of last year.

During the current year until 202002, 27, 84, 85, 87, 60 were SRI LANKA's top five traded commodities, with total import values of 671.6400 million, 260.8807 million, 234.7076 million, 190.0647 million, 135.0292 million. These values correspond to 20.62%, 8.01%, 7.21%, 5.84%, 4.15% of SRI LANKA's total exports and, respectively, were up 21.32%, up 0.07%, up 15.52%, up 5.15%, down 1.49% comparing to the same period of last year.

2. Current year until 202002, SRI LANKA binational trade profile

According to Dalian Infobank, during the current year until 202002, SRI LANKA-China binational exports and imports of goods amounted to 719.4838 million and were up 4.09% comparing with the same period of last year. Among these, exports from SRI LANKA to China were 35.8463 million and down 1.27%, imports from China to SRI LANKA were 683.6375 million and up 4.38%. The total binational trade deficit was 647.7912 million and up 4.71%.

During the urrent year until 202002, commodities with hs2 code, 85, 84, 55, 60, 52, were binational trade's top five traded commodities. They correspond to import and export values of 118.9290 million, 85.8192 million, 48.6781 million, 47.1704 million, 36.6210 million and makes up 16.53%, 11.93%, 6.77%, 6.56%, 5.09% of the total binational imports and exports. These values were also up 22.70%, down 6.73%, up 1.53%, down 9.80%, down 2.36% comparing to the same period last year.

During the current year until 202002, 61, 62, 09, 53, 40 were the top five traded commodities exported to China from SRI LANKA, with export values of 9.6071 million, 6.1998 million, 5.0708 million, 2.6310 million, 1.8549 million. These values account for 26.80%, 17.30%, 14.15%, 7.34%, 5.17% of SRI LANKA's total exports and were up 7.13%, up 37.65%, down 28.40%, up 15.26%, up 34.93% comparing to the same period of last year.

During the current year until 202002, 85, 84, 55, 60, 52 were SRI LANKA's top five traded commodities importing from China , with import values of 117.1398 million, 85.7005 million, 48.6761 million, 47.0776 million, 36.6210 million. These values account for 17.13%, 12.54%, 7.12%, 6.89%, 5.36% of SRI LANKA's total imports and were up 24.45%, down 6.84%, up 1.53%, down 9.87%, down 2.35% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Sri Lanka Customs