1.  Overview the trade of SRI LANKA in goods current year until 202108

According to Dalian Infobank, in 202108, SRI LANKA's exports and imports of goods amounted to 2714.3599 million, and were up 24.87% comparing with the same period of last year. Among these, exports were up 14.99% at 1088.8545 million, and imports were up 32.49% at 1625.5055 million. And the corresponding trade deficit was 536.6510 million and up 91.64%.

During the current year until 202108, SRI LANKA's total exports and imports of goods were 20852.2308 million and were up 27.22% comparing to the same period of last year. Among these, exports were 7826.4035 million and up 22.22%; imports were 13025.8273 million and up 30.42%. The total trade deficit was 5199.4238 million and up 45.08%.

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 202108, SRI LANKA's imports and exports to five countries/territories were 3316.3483 million, 3304.4331 million, 2273.3864 million, 1064.5886 million, 758.5488 million. These values correspond to 15.90%, 15.85%, 10.90%, 5.11%, 3.64% of SRI LANKA's imports and exports, and, respectively, were up 43.99%, up 45.15%, up 15.57%, up 54.28%, up 8.21% comparing to the same period of last year.

Current year until 202108, 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 202108, SRI LANKA's exports to these five countries/territories were 1908.4035 million, 605.7195 million, 506.7890 million, 482.3162 million, 373.9232 million. These values correspond to 24.38%, 7.74%, 6.48%, 6.16%, 4.78% of SRI LANKA's exports and, respectively, were up 15.46%, up 9.60%, up 27.61%, up 29.92%, up 33.27% comparing with the same period of last year.

Current year until 202108, 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 202108, SRI LANKA's imports from these five countries/territories were 3129.0060 million, 2797.6441 million, 883.3840 million, 513.7409 million, 402.6561 million. These values correspond to 24.02%, 21.48%, 6.78%, 3.94%, 3.09% of SRI LANKA's total imports and, respectively, were up 44.57%, up 48.85%, up 57.17%, up 11.68%, up 2.56% comparing with the same period of last year.

During the current year until 202108, the trade surplus of SRI LANKA was mainly from UNITED STATES, UNITED KINGDOM, GERMANY, NETHERLANDS, BELGIUM at 1543.4207 million, 452.8902 million, 265.5283 million, 193.4055 million, 168.4070 million, and up 15.28%, up 12.01%, up 65.55%, up 74.29%, up 9.53%. And the trade deficits were mainly from CHINA, INDIA, UNITED ARAB EMIRATES, MALAYSIA, SINGAPORE at 2941.6637 million, 2290.8551 million, 702.1793 million, 468.6908 million, 348.4343 million, and up 45.23%, up 54.54%, up 61.76%, up 11.13%, up 6.99%.

Current year until 202108, SRI LANKA's trade surplus or deficit with top five countries/territories During the current year until 202108,  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 2141.1536 million, 1985.4506 million, 1378.8422 million, 1249.9262 million, 1230.2668 million, which were up 30.01%, up 30.82%, up 47.98%, up 11.73%, up 50.92% comparing with the same period of last year and account for 10.27%, 9.52%, 6.61%, 5.99%, 5.90% of SRI LANKA's total imports and exports.

During the current year until 202108, 61, 62, 09, 40, 85 were SRI LANKA's top five traded commodities, with total import and export values of 1942.6696 million, 1184.8692 million, 1116.5310 million, 710.3252 million, 285.7087 million. These values correspond to 24.82%, 15.14%, 14.27%, 9.08%, 3.65% of SRI LANKA's total exports and, respectively, were up 31.15%, up 13.10%, up 16.09%, up 40.08%, up 81.94% comparing to the same period of last year.

During the current year until 202108, 27, 84, 85, 60, 72 were SRI LANKA's top five traded commodities, with total import values of 1996.1263 million, 1118.9267 million, 1093.1335 million, 656.3281 million, 577.7798 million. These values correspond to 15.32%, 8.59%, 8.39%, 5.04%, 4.44% of SRI LANKA's total exports and, respectively, were up 40.63%, up 46.72%, up 41.10%, up 45.37%, up 103.72% comparing to the same period of last year.

2. Current year until 202108, SRI LANKA binational trade profile

According to Dalian Infobank, during the current year until 202108, SRI LANKA-China binational exports and imports of goods amounted to 3316.3483 million and were up 43.99% comparing with the same period of last year. Among these, exports from SRI LANKA to China were 187.3423 million and up 34.95%, imports from China to SRI LANKA were 3129.0060 million and up 44.57%. The total binational trade deficit was 2941.6637 million and up 45.23%.

During the urrent year until 202108, commodities with hs2 code, 85, 84, 60, 72, 30, were binational trade's top five traded commodities. They correspond to import and export values of 611.8488 million, 468.2188 million, 213.9516 million, 177.9250 million, 148.3673 million and makes up 18.45%, 14.12%, 6.45%, 5.37%, 4.47% of the total binational imports and exports. These values were also up 48.86%, up 73.65%, up 30.45%, up 102.29%, up 1255.65% comparing to the same period last year.

During the current year until 202108, 09, 61, 53, 62, 26 were the top five traded commodities exported to China from SRI LANKA, with export values of 41.6213 million, 29.1714 million, 21.6789 million, 16.2775 million, 14.4247 million. These values account for 22.22%, 15.57%, 11.57%, 8.69%, 7.70% of SRI LANKA's total exports and were up 34.52%, up 12.78%, up 54.28%, down 10.11%, up 712.08% comparing to the same period of last year.

During the current year until 202108, 85, 84, 60, 72, 30 were SRI LANKA's top five traded commodities importing from China , with import values of 604.3862 million, 466.3484 million, 213.6905 million, 177.9250 million, 148.3671 million. These values account for 19.32%, 14.90%, 6.83%, 5.69%, 4.74% of SRI LANKA's total imports and were up 48.95%, up 73.24%, up 30.42%, up 102.32%, up 1255.93% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Sri Lanka Customs