1.  Overview the trade of SRI LANKA in goods current year until 202008

According to Dalian Infobank, in 202008, SRI LANKA's exports and imports of goods amounted to 2173.8163 million, and were down 14.99% comparing with the same period of last year. Among these, exports were down 6.41% at 946.8952 million, and imports were down 20.61% at 1226.9212 million. And the corresponding trade deficit was 280.0260 million and down 47.53%.

During the current year until 202008, SRI LANKA's total exports and imports of goods were 16390.7571 million and were down 20.13% comparing to the same period of last year. Among these, exports were 6403.5207 million and down 19.20%; imports were 9987.2364 million and down 20.71%. The total trade deficit was 3583.7157 million and down 23.27%.

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 202008, SRI LANKA's imports and exports to five countries/territories were 2303.1466 million, 2276.6205 million, 1967.0479 million, 701.0106 million, 690.0454 million. These values correspond to 14.05%, 13.89%, 12.00%, 4.28%, 4.21% of SRI LANKA's imports and exports, and, respectively, were down 16.05%, down 24.05%, down 19.06%, down 24.64%, down 45.46% comparing to the same period of last year.

Current year until 202008, 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 202008, SRI LANKA's exports to these five countries/territories were 1652.9265 million, 552.6705 million, 397.1237 million, 371.2494 million, 280.5719 million. These values correspond to 25.81%, 8.63%, 6.20%, 5.80%, 4.38% of SRI LANKA's exports and, respectively, were down 20.70%, down 20.43%, down 23.33%, down 15.85%, down 20.58% comparing with the same period of last year.

Current year until 202008, 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 202008, SRI LANKA's imports from these five countries/territories were 2164.3238 million, 1879.4968 million, 562.0672 million, 460.0210 million, 395.2934 million. These values correspond to 21.67%, 18.82%, 5.63%, 4.61%, 3.96% of SRI LANKA's total imports and, respectively, were down 16.38%, down 24.20%, down 47.97%, down 17.41%, down 28.92% comparing with the same period of last year.

During the current year until 202008, the trade surplus of SRI LANKA was mainly from UNITED STATES, UNITED KINGDOM, GERMANY, BELGIUM, ITALY at 1338.8051 million, 404.3304 million, 160.3925 million, 153.7592 million, 111.3864 million, and down 22.99%, down 11.87%, down 19.94%, down 15.91%, down 27.45%. And the trade deficits were mainly from CHINA, INDIA, UNITED ARAB EMIRATES, MALAYSIA, SINGAPORE at 2025.5011 million, 1482.3731 million, 434.0890 million, 421.7393 million, 325.6821 million, and down 16.76%, down 24.42%, down 51.53%, down 19.91%, down 35.22%.

Current year until 202008, SRI LANKA's trade surplus or deficit with top five countries/territories During the current year until 202008,  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 1646.8522 million, 1517.7512 million, 1118.7120 million, 1057.5550 million, 931.7579 million, which were down 34.28%, down 25.78%, down 29.09%, down 8.84%, down 11.42% comparing with the same period of last year and account for 10.05%, 9.26%, 6.83%, 6.45%, 5.68% of SRI LANKA's total imports and exports.

During the current year until 202008, 61, 62, 09, 40, 27 were SRI LANKA's top five traded commodities, with total import and export values of 1481.2231 million, 1047.6704 million, 961.7662 million, 507.0760 million, 227.4330 million. These values correspond to 23.13%, 16.36%, 15.02%, 7.92%, 3.55% of SRI LANKA's total exports and, respectively, were down 25.98%, down 29.15%, down 10.95%, down 16.90%, up 2.87% comparing to the same period of last year.

During the current year until 202008, 27, 85, 84, 87, 60 were SRI LANKA's top five traded commodities, with total import values of 1419.4192 million, 774.7212 million, 762.6203 million, 490.0046 million, 451.4842 million. These values correspond to 14.21%, 7.76%, 7.64%, 4.91%, 4.52% of SRI LANKA's total exports and, respectively, were down 37.88%, down 8.51%, down 19.21%, down 41.37%, down 24.85% comparing to the same period of last year.

2. Current year until 202008, SRI LANKA binational trade profile

According to Dalian Infobank, during the current year until 202008, SRI LANKA-China binational exports and imports of goods amounted to 2303.1466 million and were down 16.05% comparing with the same period of last year. Among these, exports from SRI LANKA to China were 138.8227 million and down 10.41%, imports from China to SRI LANKA were 2164.3238 million and down 16.38%. The total binational trade deficit was 2025.5011 million and down 16.76%.

During the urrent year until 202008, 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 411.0188 million, 269.6364 million, 164.0058 million, 116.6799 million, 99.2338 million and makes up 17.85%, 11.71%, 7.12%, 5.07%, 4.31% of the total binational imports and exports. These values were also down 0.86%, down 27.49%, down 24.12%, down 22.67%, down 34.80% comparing to the same period last year.

During the current year until 202008, 09, 61, 62, 53, 38 were the top five traded commodities exported to China from SRI LANKA, with export values of 30.9400 million, 25.8654 million, 18.1079 million, 14.0518 million, 9.7038 million. These values account for 22.29%, 18.63%, 13.04%, 10.12%, 6.99% of SRI LANKA's total exports and were down 5.48%, down 15.09%, down 2.43%, up 14.00%, down 23.05% comparing to the same period of last year.

During the current year until 202008, 85, 84, 60, 55, 52 were SRI LANKA's top five traded commodities importing from China , with import values of 405.7575 million, 269.1911 million, 163.8494 million, 114.7573 million, 99.1721 million. These values account for 18.75%, 12.44%, 7.57%, 5.30%, 4.58% of SRI LANKA's total imports and were up 0.23%, down 27.58%, down 24.11%, down 23.86%, down 34.84% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Sri Lanka Customs