1.  Overview the trade of SRI LANKA in goods current year until 202103

According to Dalian Infobank, in 202103, SRI LANKA's exports and imports of goods amounted to 2937.3110 million, and were up 63.09% comparing with the same period of last year. Among these, exports were up 64.23% at 1063.6971 million, and imports were up 62.45% at 1873.6138 million. And the corresponding trade deficit was 809.9167 million and up 60.17%.

During the current year until 202103, SRI LANKA's total exports and imports of goods were 7810.4339 million and were up 11.76% comparing to the same period of last year. Among these, exports were 2956.1450 million and up 14.65%; imports were 4854.2889 million and up 10.07%. The total trade deficit was 1898.1440 million and up 3.62%.

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 202103, SRI LANKA's imports and exports to five countries/territories were 1241.7023 million, 1136.3198 million, 866.3589 million, 359.5799 million, 279.2748 million. These values correspond to 15.90%, 14.55%, 11.09%, 4.60%, 3.58% of SRI LANKA's imports and exports, and, respectively, were up 21.68%, up 30.75%, up 1.88%, up 3.17%, down 11.36% comparing to the same period of last year.

Current year until 202103, 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 202103, SRI LANKA's exports to these five countries/territories were 712.4863 million, 225.0370 million, 192.6913 million, 179.4636 million, 151.4188 million. These values correspond to 24.10%, 7.61%, 6.52%, 6.07%, 5.12% of SRI LANKA's exports and, respectively, were up 0.45%, down 5.81%, up 11.11%, up 26.06%, up 34.44% comparing with the same period of last year.

Current year until 202103, SRI LANKA's exports to top five countries/territories CHINA, INDIA, UNITED ARAB EMIRATES, MALAYSIA, SAUDI ARABIA are the top five countries/territories that SRI LANKA imports from in terms of the total export amount. During the current year until 202103, SRI LANKA's imports from these five countries/territories were 1058.9993 million, 1049.0110 million, 305.9497 million, 222.8011 million, 156.6823 million. These values correspond to 21.82%, 21.61%, 6.30%, 4.59%, 3.23% of SRI LANKA's total imports and, respectively, were up 28.93%, up 23.85%, up 4.37%, down 17.27%, up 135.74% comparing with the same period of last year.

During the current year until 202103, the trade surplus of SRI LANKA was mainly from UNITED STATES, UNITED KINGDOM, GERMANY, NETHERLANDS, ITALY at 558.6137 million, 170.7993 million, 101.1367 million, 78.9122 million, 71.9335 million, and down 1.69%, up 4.92%, up 73.31%, up 110.40%, up 110.76%. And the trade deficits were mainly from CHINA, INDIA, UNITED ARAB EMIRATES, MALAYSIA, SAUDI ARABIA at 981.6788 million, 856.3197 million, 252.3195 million, 211.4828 million, 137.5899 million, and up 26.88%, up 27.13%, up 6.13%, down 16.55%, up 198.17%.

Current year until 202103, SRI LANKA's trade surplus or deficit with top five countries/territories During the current year until 202103,  commodities with hs2 codes, 27, 61, 85, 62, 09, were SRI LANKA's top five traded commodities. They correspond to the import and export values of 818.7734 million, 760.0153 million, 563.0460 million, 495.9676 million, 476.8251 million, which were down 14.91%, up 15.75%, up 49.00%, down 12.69%, up 36.41% comparing with the same period of last year and account for 10.48%, 9.73%, 7.21%, 6.35%, 6.10% of SRI LANKA's total imports and exports.

During the current year until 202103, 61, 62, 09, 40, 85 were SRI LANKA's top five traded commodities, with total import and export values of 743.7966 million, 470.2787 million, 433.3060 million, 267.4642 million, 147.2781 million. These values correspond to 25.16%, 15.91%, 14.66%, 9.05%, 4.98% of SRI LANKA's total exports and, respectively, were up 16.85%, down 10.95%, up 40.11%, up 31.43%, up 139.79% comparing to the same period of last year.

During the current year until 202103, 27, 84, 85, 60, 39 were SRI LANKA's top five traded commodities, with total import values of 808.8452 million, 422.3442 million, 415.7679 million, 229.0454 million, 219.5497 million. These values correspond to 16.66%, 8.70%, 8.56%, 4.72%, 4.52% of SRI LANKA's total exports and, respectively, were down 5.56%, up 31.35%, up 31.38%, up 30.11%, up 49.71% comparing to the same period of last year.

2. Current year until 202103, SRI LANKA binational trade profile

According to Dalian Infobank, during the current year until 202103, SRI LANKA-China binational exports and imports of goods amounted to 1136.3198 million and were up 30.75% comparing with the same period of last year. Among these, exports from SRI LANKA to China were 77.3205 million and up 62.06%, imports from China to SRI LANKA were 1058.9993 million and up 28.93%. The total binational trade deficit was 981.6788 million and up 26.88%.

During the urrent year until 202103, commodities with hs2 code, 85, 84, 60, 55, 39, were binational trade's top five traded commodities. They correspond to import and export values of 223.9106 million, 181.6820 million, 72.0032 million, 57.3845 million, 48.9459 million and makes up 19.70%, 15.99%, 6.34%, 5.05%, 4.31% of the total binational imports and exports. These values were also up 54.25%, up 77.70%, up 18.92%, up 9.07%, up 102.67% comparing to the same period last year.

During the current year until 202103, 09, 61, 53, 62, 26 were the top five traded commodities exported to China from SRI LANKA, with export values of 18.1182 million, 13.2634 million, 8.4685 million, 6.2751 million, 5.3585 million. These values account for 23.43%, 17.15%, 10.95%, 8.12%, 6.93% of SRI LANKA's total exports and were up 177.29%, up 4.55%, up 137.21%, down 26.89%, up 467.68% comparing to the same period of last year.

During the current year until 202103, 85, 84, 60, 55, 39 were SRI LANKA's top five traded commodities importing from China , with import values of 220.3257 million, 181.1432 million, 71.7511 million, 57.2745 million, 48.7714 million. These values account for 20.81%, 17.11%, 6.78%, 5.41%, 4.61% of SRI LANKA's total imports and were up 54.13%, up 77.43%, up 18.69%, up 8.86%, up 103.92% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Sri Lanka Customs