1.  Overview the trade of SRI LANKA in goods current year until 202107

According to Dalian Infobank, in 202107, SRI LANKA's exports and imports of goods amounted to 2774.7182 million, and were up 20.65% comparing with the same period of last year. Among these, exports were up 1.23% at 1102.8028 million, and imports were up 38.13% at 1671.9154 million. And the corresponding trade deficit was 569.1126 million and up 370.58%.

During the current year until 202107, SRI LANKA's total exports and imports of goods were 18137.8708 million and were up 27.58% comparing to the same period of last year. Among these, exports were 6737.5490 million and up 23.47%; imports were 11400.3218 million and up 30.14%. The total trade deficit was 4662.7728 million and up 41.14%.

If considering by country (region), CHINA, INDIA, UNITED STATES, UNITED ARAB EMIRATES, UNITED KINGDOM were SRI LANKA's top five trading partners. During the current year until 202107, SRI LANKA's imports and exports to five countries/territories were 2914.6022 million, 2904.2951 million, 1952.9901 million, 901.0910 million, 664.0363 million. These values correspond to 16.07%, 16.01%, 10.77%, 4.97%, 3.66% of SRI LANKA's imports and exports, and, respectively, were up 46.31%, up 47.00%, up 16.02%, up 54.47%, up 11.17% comparing to the same period of last year.

Current year until 202107, 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 202107, SRI LANKA's exports to these five countries/territories were 1633.4055 million, 526.1460 million, 430.0023 million, 418.3978 million, 325.4185 million. These values correspond to 24.24%, 7.81%, 6.38%, 6.21%, 4.83% of SRI LANKA's exports and, respectively, were up 16.30%, up 13.89%, up 26.62%, up 33.75%, up 39.32% comparing with the same period of last year.

Current year until 202107, SRI LANKA's exports to top five countries/territories CHINA, INDIA, UNITED ARAB EMIRATES, MALAYSIA, UNITED STATES are the top five countries/territories that SRI LANKA imports from in terms of the total export amount. During the current year until 202107, SRI LANKA's imports from these five countries/territories were 2749.4117 million, 2474.2927 million, 748.2355 million, 463.1259 million, 319.5846 million. These values correspond to 24.12%, 21.70%, 6.56%, 4.06%, 2.80% of SRI LANKA's total imports and, respectively, were up 46.46%, up 51.23%, up 59.19%, up 14.93%, up 14.59% comparing with the same period of last year.

During the current year until 202107, the trade surplus of SRI LANKA was mainly from UNITED STATES, UNITED KINGDOM, GERMANY, NETHERLANDS, BELGIUM at 1313.8209 million, 388.2557 million, 230.5549 million, 164.6284 million, 149.2553 million, and up 16.72%, up 18.86%, up 80.39%, up 80.51%, up 13.96%. And the trade deficits were mainly from CHINA, INDIA, UNITED ARAB EMIRATES, MALAYSIA, SINGAPORE at 2584.2211 million, 2044.2904 million, 595.3800 million, 426.6366 million, 279.5591 million, and up 46.62%, up 57.67%, up 66.91%, up 15.16%, down 0.77%.

Current year until 202107, SRI LANKA's trade surplus or deficit with top five countries/territories During the current year until 202107,  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 1826.1265 million, 1698.0350 million, 1225.1015 million, 1081.2314 million, 1079.8251 million, which were up 26.90%, up 34.02%, up 54.67%, up 11.40%, up 50.99% comparing with the same period of last year and account for 10.07%, 9.36%, 6.75%, 5.96%, 5.95% of SRI LANKA's total imports and exports.

During the current year until 202107, 61, 62, 09, 40, 85 were SRI LANKA's top five traded commodities, with total import and export values of 1661.2047 million, 1024.5911 million, 966.8298 million, 617.5364 million, 257.3841 million. These values correspond to 24.66%, 15.21%, 14.35%, 9.17%, 3.82% of SRI LANKA's total exports and, respectively, were up 34.54%, up 13.22%, up 17.28%, up 42.09%, up 94.15% comparing to the same period of last year.

During the current year until 202107, 27, 84, 85, 60, 72 were SRI LANKA's top five traded commodities, with total import values of 1710.5694 million, 981.4711 million, 967.7175 million, 569.1633 million, 526.3364 million. These values correspond to 15.00%, 8.61%, 8.49%, 4.99%, 4.62% of SRI LANKA's total exports and, respectively, were up 38.73%, up 46.68%, up 46.73%, up 49.29%, up 116.85% comparing to the same period of last year.

2. Current year until 202107, SRI LANKA binational trade profile

According to Dalian Infobank, during the current year until 202107, SRI LANKA-China binational exports and imports of goods amounted to 2914.6022 million and were up 46.31% comparing with the same period of last year. Among these, exports from SRI LANKA to China were 165.1906 million and up 43.93%, imports from China to SRI LANKA were 2749.4117 million and up 46.46%. The total binational trade deficit was 2584.2211 million and up 46.62%.

During the urrent year until 202107, commodities with hs2 code, 85, 84, 60, 72, 55, were binational trade's top five traded commodities. They correspond to import and export values of 543.8962 million, 411.4076 million, 186.6430 million, 168.6621 million, 132.2957 million and makes up 18.66%, 14.12%, 6.40%, 5.79%, 4.54% of the total binational imports and exports. These values were also up 54.40%, up 74.67%, up 33.77%, up 134.77%, up 31.19% comparing to the same period last year.

During the current year until 202107, 09, 61, 53, 62, 26 were the top five traded commodities exported to China from SRI LANKA, with export values of 36.6487 million, 25.3840 million, 19.0560 million, 13.9551 million, 13.3291 million. These values account for 22.19%, 15.37%, 11.54%, 8.45%, 8.07% of SRI LANKA's total exports and were up 41.53%, up 20.91%, up 63.21%, down 4.52%, up 650.40% comparing to the same period of last year.

During the current year until 202107, 85, 84, 60, 72, 55 were SRI LANKA's top five traded commodities importing from China , with import values of 537.3211 million, 409.8261 million, 186.3819 million, 168.6621 million, 131.6802 million. These values account for 19.54%, 14.91%, 6.78%, 6.13%, 4.79% of SRI LANKA's total imports and were up 54.49%, up 74.29%, up 33.74%, up 134.81%, up 33.12% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Sri Lanka Customs