1.  Overview the trade of SRI LANKA in goods current year until 202012

According to Dalian Infobank, in 202012, SRI LANKA's exports and imports of goods amounted to 2371.3967 million, and were down 11.88% comparing with the same period of last year. Among these, exports were down 3.73% at 931.9300 million, and imports were down 16.46% at 1439.4667 million. And the corresponding trade deficit was 507.5368 million and down 32.77%.

During the current year until 202012, SRI LANKA's total exports and imports of goods were 25533.3085 million and were down 18.28% comparing to the same period of last year. Among these, exports were 9916.1153 million and down 15.72%; imports were 15617.1932 million and down 19.83%. The total trade deficit was 5701.0779 million and down 26.09%.

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 202012, SRI LANKA's imports and exports to five countries/territories were 3803.9162 million, 3614.4635 million, 3003.6955 million, 1121.3667 million, 1080.7343 million. These values correspond to 14.90%, 14.16%, 11.76%, 4.39%, 4.23% of SRI LANKA's imports and exports, and, respectively, were down 10.74%, down 21.23%, down 18.59%, down 18.00%, down 40.66% comparing to the same period of last year.

Current year until 202012, 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 202012, SRI LANKA's exports to these five countries/territories were 2508.0559 million, 910.7182 million, 604.6853 million, 570.6141 million, 457.4027 million. These values correspond to 25.29%, 9.18%, 6.10%, 5.75%, 4.61% of SRI LANKA's exports and, respectively, were down 20.13%, down 8.76%, down 20.35%, down 11.66%, down 13.89% comparing with the same period of last year.

Current year until 202012, SRI LANKA's exports to top five countries/territories CHINA, INDIA, UNITED ARAB EMIRATES, MALAYSIA, SINGAPORE are the top five countries/territories that SRI LANKA imports from in terms of the total export amount. During the current year until 202012, SRI LANKA's imports from these five countries/territories were 3580.8176 million, 3009.7783 million, 891.7290 million, 637.3830 million, 618.1906 million. These values correspond to 22.93%, 19.27%, 5.71%, 4.08%, 3.96% of SRI LANKA's total imports and, respectively, were down 11.20%, down 21.41%, down 42.33%, down 28.73%, down 19.54% comparing with the same period of last year.

During the current year until 202012, the trade surplus of SRI LANKA was mainly from UNITED STATES, UNITED KINGDOM, GERMANY, BELGIUM, ITALY at 2012.4163 million, 700.0697 million, 254.3101 million, 247.2557 million, 190.1952 million, and down 22.33%, up 11.32%, down 1.34%, down 11.12%, down 15.14%. And the trade deficits were mainly from CHINA, INDIA, UNITED ARAB EMIRATES, MALAYSIA, SINGAPORE at 3357.7189 million, 2405.0930 million, 702.7237 million, 580.9254 million, 526.7657 million, and down 11.72%, down 21.67%, down 44.72%, down 31.49%, down 19.32%.

Current year until 202012, SRI LANKA's trade surplus or deficit with top five countries/territories During the current year until 202012,  commodities with hs2 codes, 61, 27, 09, 62, 85, were SRI LANKA's top five traded commodities. They correspond to the import and export values of 2483.8772 million, 2376.3279 million, 1657.7712 million, 1614.9779 million, 1513.6780 million, which were down 20.63%, down 37.00%, down 4.62%, down 29.79%, down 6.69% comparing with the same period of last year and account for 9.73%, 9.31%, 6.49%, 6.32%, 5.93% of SRI LANKA's total imports and exports.

During the current year until 202012, 61, 09, 62, 40, 27 were SRI LANKA's top five traded commodities, with total import and export values of 2427.1790 million, 1514.7187 million, 1512.8297 million, 816.5238 million, 271.9679 million. These values correspond to 24.48%, 15.28%, 15.26%, 8.23%, 2.74% of SRI LANKA's total exports and, respectively, were down 20.73%, down 5.51%, down 29.45%, down 8.31%, down 19.16% comparing to the same period of last year.

During the current year until 202012, 27, 85, 84, 60, 39 were SRI LANKA's top five traded commodities, with total import values of 2104.3600 million, 1266.1751 million, 1252.8471 million, 763.2255 million, 611.5187 million. These values correspond to 13.47%, 8.11%, 8.02%, 4.89%, 3.92% of SRI LANKA's total exports and, respectively, were down 38.75%, down 4.38%, down 12.56%, down 17.75%, down 14.39% comparing to the same period of last year.

2. Current year until 202012, SRI LANKA binational trade profile

According to Dalian Infobank, during the current year until 202012, SRI LANKA-China binational exports and imports of goods amounted to 3803.9162 million and were down 10.74% comparing with the same period of last year. Among these, exports from SRI LANKA to China were 223.0986 million and down 2.63%, imports from China to SRI LANKA were 3580.8176 million and down 11.20%. The total binational trade deficit was 3357.7189 million and down 11.72%.

During the urrent year until 202012, commodities with hs2 code, 85, 84, 60, 55, 72, were binational trade's top five traded commodities. They correspond to import and export values of 700.3611 million, 493.6601 million, 268.2636 million, 188.1296 million, 171.0705 million and makes up 18.41%, 12.98%, 7.05%, 4.95%, 4.50% of the total binational imports and exports. These values were also up 3.97%, down 9.00%, down 20.43%, down 24.10%, down 5.09% comparing to the same period last year.

During the current year until 202012, 09, 61, 62, 53, 38 were the top five traded commodities exported to China from SRI LANKA, with export values of 57.1936 million, 39.6071 million, 23.0899 million, 22.8211 million, 17.1360 million. These values account for 25.64%, 17.75%, 10.35%, 10.23%, 7.68% of SRI LANKA's total exports and were up 17.20%, down 4.06%, down 11.81%, up 32.41%, down 3.66% comparing to the same period of last year.

During the current year until 202012, 85, 84, 60, 55, 72 were SRI LANKA's top five traded commodities importing from China , with import values of 691.1886 million, 492.7335 million, 267.9951 million, 185.9691 million, 171.0591 million. These values account for 19.30%, 13.76%, 7.48%, 5.19%, 4.78% of SRI LANKA's total imports and were up 4.77%, down 9.09%, down 20.37%, down 24.92%, down 5.09% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Sri Lanka Customs