1.  Overview the trade of SRI LANKA in goods current year until 202007

According to Dalian Infobank, in 202007, SRI LANKA's exports and imports of goods amounted to 2299.7989 million, and were down 13.38% comparing with the same period of last year. Among these, exports were up 11.22% at 1089.4297 million, and imports were down 27.76% at 1210.3692 million. And the corresponding trade deficit was 120.9395 million and down 82.62%.

During the current year until 202007, SRI LANKA's total exports and imports of goods were 14216.9407 million and were down 20.86% comparing to the same period of last year. Among these, exports were 5456.6255 million and down 21.07%; imports were 8760.3152 million and down 20.73%. The total trade deficit was 3303.6897 million and down 20.14%.

If considering by country (region), CHINA, INDIA, UNITED STATES, UNITED KINGDOM, UNITED ARAB EMIRATES were SRI LANKA's top five trading partners. During the current year until 202007, SRI LANKA's imports and exports to five countries/territories were 1992.0186 million, 1975.7724 million, 1683.3847 million, 597.3123 million, 583.3543 million. These values correspond to 14.01%, 13.90%, 11.84%, 4.20%, 4.10% of SRI LANKA's imports and exports, and, respectively, were down 16.02%, down 24.06%, down 20.45%, down 27.23%, down 49.31% comparing to the same period of last year.

Current year until 202007, 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 202007, SRI LANKA's exports to these five countries/territories were 1404.5002 million, 461.9864 million, 339.6061 million, 312.8144 million, 233.5688 million. These values correspond to 25.74%, 8.47%, 6.22%, 5.73%, 4.28% of SRI LANKA's exports and, respectively, were down 22.16%, down 24.40%, down 25.20%, down 18.23%, down 24.30% comparing with the same period of last year.

Current year until 202007, 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 202007, SRI LANKA's imports from these five countries/territories were 1877.2484 million, 1636.1664 million, 470.0340 million, 402.9586 million, 372.0223 million. These values correspond to 21.43%, 18.68%, 5.37%, 4.60%, 4.25% of SRI LANKA's total imports and, respectively, were down 16.01%, down 23.81%, down 52.34%, down 9.52%, down 21.52% comparing with the same period of last year.

During the current year until 202007, the trade surplus of SRI LANKA was mainly from UNITED STATES, UNITED KINGDOM, BELGIUM, GERMANY, NETHERLANDS at 1125.6157 million, 326.6606 million, 130.9744 million, 127.8106 million, 91.2015 million, and down 24.60%, down 18.61%, down 12.52%, down 26.77%, down 19.44%. And the trade deficits were mainly from CHINA, INDIA, MALAYSIA, UNITED ARAB EMIRATES, SINGAPORE at 1762.4781 million, 1296.5603 million, 370.4792 million, 356.7137 million, 281.7323 million, and down 15.99%, down 23.44%, down 11.72%, down 56.57%, down 42.64%.

Current year until 202007, SRI LANKA's trade surplus or deficit with top five countries/territories During the current year until 202007,  commodities with hs2 codes, 27, 61, 62, 09, 85, were SRI LANKA's top five traded commodities. They correspond to the import and export values of 1439.0400 million, 1267.0332 million, 970.5611 million, 910.7976 million, 792.0961 million, which were down 35.98%, down 27.33%, down 30.65%, down 9.51%, down 14.46% comparing with the same period of last year and account for 10.12%, 8.91%, 6.83%, 6.41%, 5.57% of SRI LANKA's total imports and exports.

During the current year until 202007, 61, 62, 09, 40, 27 were SRI LANKA's top five traded commodities, with total import and export values of 1234.7106 million, 904.9390 million, 824.3927 million, 434.6246 million, 205.9974 million. These values correspond to 22.63%, 16.58%, 15.11%, 7.97%, 3.78% of SRI LANKA's total exports and, respectively, were down 27.60%, down 30.93%, down 11.76%, down 18.86%, up 4.67% comparing to the same period of last year.

During the current year until 202007, 27, 84, 85, 87, 60 were SRI LANKA's top five traded commodities, with total import values of 1233.0426 million, 669.1350 million, 659.5296 million, 473.0007 million, 381.2544 million. These values correspond to 14.08%, 7.64%, 7.53%, 5.40%, 4.35% of SRI LANKA's total exports and, respectively, were down 39.88%, down 20.18%, down 11.54%, down 34.54%, down 26.81% comparing to the same period of last year.

2. Current year until 202007, SRI LANKA binational trade profile

According to Dalian Infobank, during the current year until 202007, SRI LANKA-China binational exports and imports of goods amounted to 1992.0186 million and were down 16.02% comparing with the same period of last year. Among these, exports from SRI LANKA to China were 114.7702 million and down 16.27%, imports from China to SRI LANKA were 1877.2484 million and down 16.01%. The total binational trade deficit was 1762.4781 million and down 15.99%.

During the urrent year until 202007, 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 352.2638 million, 235.5357 million, 139.5215 million, 100.8394 million, 84.0498 million and makes up 17.68%, 11.82%, 7.00%, 5.06%, 4.22% of the total binational imports and exports. These values were also down 3.39%, down 28.91%, down 24.80%, down 23.61%, down 36.23% comparing to the same period last year.

During the current year until 202007, 09, 61, 62, 53, 38 were the top five traded commodities exported to China from SRI LANKA, with export values of 25.8944 million, 20.9943 million, 14.6164 million, 11.6760 million, 7.6745 million. These values account for 22.56%, 18.29%, 12.74%, 10.17%, 6.69% of SRI LANKA's total exports and were down 12.67%, down 22.13%, down 11.83%, up 10.54%, down 33.09% comparing to the same period of last year.

During the current year until 202007, 85, 84, 60, 55, 52 were SRI LANKA's top five traded commodities importing from China , with import values of 347.8004 million, 235.1460 million, 139.3651 million, 98.9187 million, 84.0458 million. These values account for 18.53%, 12.53%, 7.42%, 5.27%, 4.48% of SRI LANKA's total imports and were down 2.37%, down 28.99%, down 24.83%, down 24.97%, down 36.23% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Sri Lanka Customs