1.  Overview the trade of SRI LANKA in goods current year until 202101

According to Dalian Infobank, in 202101, SRI LANKA's exports and imports of goods amounted to 2433.8572 million, and were down 10.42% comparing with the same period of last year. Among these, exports were down 6.25% at 901.3944 million, and imports were down 12.71% at 1532.4629 million. And the corresponding trade deficit was 631.0685 million and down 20.53%.

During the current year until 202101, SRI LANKA's total exports and imports of goods were 2433.8572 million and were down 10.42% comparing to the same period of last year. Among these, exports were 901.3944 million and down 6.25%; imports were 1532.4629 million and down 12.71%. The total trade deficit was 631.0685 million and down 20.53%.

If considering by country (region), CHINA, INDIA, UNITED STATES, UNITED ARAB EMIRATES, MALAYSIA were SRI LANKA's top five trading partners. During the current year until 202101, SRI LANKA's imports and exports to five countries/territories were 384.6208 million, 327.1576 million, 271.3091 million, 146.3781 million, 115.5676 million. These values correspond to 15.80%, 13.44%, 11.15%, 6.01%, 4.75% of SRI LANKA's imports and exports, and, respectively, were down 17.18%, down 9.12%, down 13.48%, up 3.61%, up 83.58% comparing to the same period of last year.

Current year until 202101, 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 202101, SRI LANKA's exports to these five countries/territories were 231.8139 million, 61.0427 million, 55.2408 million, 53.0607 million, 52.6532 million. These values correspond to 25.72%, 6.77%, 6.13%, 5.89%, 5.84% of SRI LANKA's exports and, respectively, were down 13.40%, down 28.47%, down 12.63%, up 2.23%, up 15.78% comparing with the same period of last year.

Current year until 202101, SRI LANKA's exports to top five countries/territories CHINA, INDIA, UNITED ARAB EMIRATES, MALAYSIA, INDONESIA are the top five countries/territories that SRI LANKA imports from in terms of the total export amount. During the current year until 202101, SRI LANKA's imports from these five countries/territories were 362.4279 million, 271.9168 million, 131.2669 million, 112.3159 million, 49.6468 million. These values correspond to 23.65%, 17.74%, 8.57%, 7.33%, 3.24% of SRI LANKA's total imports and, respectively, were down 18.59%, down 8.38%, up 4.55%, up 91.96%, up 100.38% comparing with the same period of last year.

During the current year until 202101, the trade surplus of SRI LANKA was mainly from UNITED STATES, UNITED KINGDOM, GERMANY, NETHERLANDS, ITALY at 192.3188 million, 46.6294 million, 25.7626 million, 24.8426 million, 21.4808 million, and down 13.28%, down 11.18%, up 72.05%, up 163.03%, up 278.79%. And the trade deficits were mainly from CHINA, INDIA, UNITED ARAB EMIRATES, MALAYSIA, INDONESIA at 340.2350 million, 216.6760 million, 116.1558 million, 109.0642 million, 46.3983 million, and down 20.12%, down 7.23%, up 5.76%, up 101.72%, up 120.31%.

Current year until 202101, SRI LANKA's trade surplus or deficit with top five countries/territories During the current year until 202101,  commodities with hs2 codes, 27, 61, 85, 62, 84, were SRI LANKA's top five traded commodities. They correspond to the import and export values of 261.4196 million, 240.2036 million, 156.7208 million, 155.6605 million, 151.4142 million, which were down 24.91%, down 0.96%, up 4.52%, down 28.58%, down 8.86% comparing with the same period of last year and account for 10.74%, 9.87%, 6.44%, 6.40%, 6.22% of SRI LANKA's total imports and exports.

During the current year until 202101, 61, 62, 09, 40, 71 were SRI LANKA's top five traded commodities, with total import and export values of 235.8938 million, 146.7099 million, 136.8859 million, 83.5416 million, 28.7153 million. These values correspond to 26.17%, 16.28%, 15.19%, 9.27%, 3.19% of SRI LANKA's total exports and, respectively, were up 0.50%, down 27.16%, up 18.30%, up 14.59%, up 1.81% comparing to the same period of last year.

During the current year until 202101, 27, 85, 84, 60, 39 were SRI LANKA's top five traded commodities, with total import values of 260.9674 million, 133.7469 million, 133.5456 million, 79.7577 million, 66.3872 million. These values correspond to 17.03%, 8.73%, 8.71%, 5.20%, 4.33% of SRI LANKA's total exports and, respectively, were down 16.49%, up 4.45%, down 15.21%, down 7.27%, up 13.17% comparing to the same period of last year.

2. Current year until 202101, SRI LANKA binational trade profile

According to Dalian Infobank, during the current year until 202101, SRI LANKA-China binational exports and imports of goods amounted to 384.6208 million and were down 17.18% comparing with the same period of last year. Among these, exports from SRI LANKA to China were 22.1929 million and up 15.25%, imports from China to SRI LANKA were 362.4279 million and down 18.59%. The total binational trade deficit was 340.2350 million and down 20.12%.

During the urrent year until 202101, commodities with hs2 code, 85, 84, 60, 55, 73, were binational trade's top five traded commodities. They correspond to import and export values of 74.9304 million, 64.3837 million, 24.7845 million, 19.2095 million, 16.9140 million and makes up 19.48%, 16.74%, 6.44%, 4.99%, 4.40% of the total binational imports and exports. These values were also up 11.92%, up 20.05%, down 26.96%, down 40.95%, down 3.40% comparing to the same period last year.

During the current year until 202101, 09, 61, 62, 53, 40 were the top five traded commodities exported to China from SRI LANKA, with export values of 5.9991 million, 3.6233 million, 1.8976 million, 1.8601 million, 1.5495 million. These values account for 27.03%, 16.33%, 8.55%, 8.38%, 6.98% of SRI LANKA's total exports and were up 92.82%, down 15.75%, down 31.53%, up 4.81%, up 30.24% comparing to the same period of last year.

During the current year until 202101, 85, 84, 60, 55, 73 were SRI LANKA's top five traded commodities importing from China , with import values of 73.4324 million, 64.2756 million, 24.7624 million, 19.2095 million, 16.9140 million. These values account for 20.26%, 17.73%, 6.83%, 5.30%, 4.67% of SRI LANKA's total imports and were up 10.96%, up 19.98%, down 27.02%, down 40.95%, down 3.40% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Sri Lanka Customs