1.  Overview the trade of SRI LANKA in goods current year until 202110

According to Dalian Infobank, in 202110, SRI LANKA's exports and imports of goods amounted to 2818.2817 million, and were up 29.22% comparing with the same period of last year. Among these, exports were up 39.71% at 1162.2723 million, and imports were up 22.74% at 1656.0094 million. And the corresponding trade deficit was 493.7371 million and down 4.55%.

During the current year until 202110, SRI LANKA's total exports and imports of goods were 26186.5391 million and were up 24.39% comparing to the same period of last year. Among these, exports were 9995.1368 million and up 21.34%; imports were 16191.4023 million and up 26.35%. The total trade deficit was 6196.2654 million and up 35.36%.

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 202110, SRI LANKA's imports and exports to five countries/territories were 4129.5729 million, 4111.7125 million, 2923.0243 million, 1263.2439 million, 958.9610 million. These values correspond to 15.77%, 15.70%, 11.16%, 4.82%, 3.66% of SRI LANKA's imports and exports, and, respectively, were up 36.67%, up 36.93%, up 16.97%, up 42.33%, up 1.50% comparing to the same period of last year.

Current year until 202110, 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 202110, SRI LANKA's exports to these five countries/territories were 2473.4428 million, 770.1513 million, 646.2453 million, 611.3701 million, 481.7230 million. These values correspond to 24.75%, 7.71%, 6.47%, 6.12%, 4.82% of SRI LANKA's exports and, respectively, were up 18.34%, up 0.41%, up 29.51%, up 27.58%, up 29.61% comparing with the same period of last year.

Current year until 202110, 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 202110, SRI LANKA's imports from these five countries/territories were 3882.7485 million, 3483.3276 million, 1033.3267 million, 622.5412 million, 579.9940 million. These values correspond to 23.98%, 21.51%, 6.38%, 3.84%, 3.58% of SRI LANKA's total imports and, respectively, were up 37.46%, up 38.08%, up 42.15%, up 13.78%, up 14.04% comparing with the same period of last year.

During the current year until 202110, the trade surplus of SRI LANKA was mainly from UNITED STATES, UNITED KINGDOM, GERMANY, NETHERLANDS, ITALY at 2023.8613 million, 581.3416 million, 345.2277 million, 254.4258 million, 215.5414 million, and up 20.39%, down 1.33%, up 61.78%, up 65.52%, up 41.07%. And the trade deficits were mainly from CHINA, INDIA, UNITED ARAB EMIRATES, MALAYSIA, SINGAPORE at 3653.7844 million, 2837.0823 million, 803.4094 million, 561.9291 million, 507.0143 million, and up 38.06%, up 40.19%, up 41.87%, up 12.57%, up 18.78%.

Current year until 202110, SRI LANKA's trade surplus or deficit with top five countries/territories During the current year until 202110,  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 2693.6933 million, 2574.1897 million, 1663.6149 million, 1586.9950 million, 1526.8520 million, which were up 30.51%, up 27.00%, up 36.49%, up 17.68%, up 11.59% comparing with the same period of last year and account for 10.29%, 9.83%, 6.35%, 6.06%, 5.83% of SRI LANKA's total imports and exports.

During the current year until 202110, 61, 62, 09, 40, 85 were SRI LANKA's top five traded commodities, with total import and export values of 2517.0219 million, 1504.4410 million, 1404.0728 million, 899.4677 million, 337.4056 million. These values correspond to 25.18%, 15.05%, 14.05%, 9.00%, 3.38% of SRI LANKA's total exports and, respectively, were up 27.03%, up 18.95%, up 12.49%, up 34.76%, up 66.91% comparing to the same period of last year.

During the current year until 202110, 27, 84, 85, 60, 72 were SRI LANKA's top five traded commodities, with total import values of 2512.2028 million, 1366.0518 million, 1326.2093 million, 848.8195 million, 765.7912 million. These values correspond to 15.52%, 8.44%, 8.19%, 5.24%, 4.73% of SRI LANKA's total exports and, respectively, were up 39.83%, up 35.12%, up 30.44%, up 42.92%, up 71.47% comparing to the same period of last year.

2. Current year until 202110, SRI LANKA binational trade profile

According to Dalian Infobank, during the current year until 202110, SRI LANKA-China binational exports and imports of goods amounted to 4111.7125 million and were up 36.93% comparing with the same period of last year. Among these, exports from SRI LANKA to China were 228.9641 million and up 28.56%, imports from China to SRI LANKA were 3882.7485 million and up 37.46%. The total binational trade deficit was 3653.7844 million and up 38.06%.

During the urrent year until 202110, 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 748.7367 million, 576.3201 million, 274.7291 million, 220.9956 million, 208.0011 million and makes up 18.21%, 14.02%, 6.68%, 5.37%, 5.06% of the total binational imports and exports. These values were also up 35.72%, up 49.89%, up 31.48%, up 77.20%, up 1389.90% comparing to the same period last year.

During the current year until 202110, 09, 61, 53, 62, 38 were the top five traded commodities exported to China from SRI LANKA, with export values of 51.1728 million, 37.2025 million, 26.1835 million, 18.1969 million, 16.6293 million. These values account for 22.35%, 16.25%, 11.44%, 7.95%, 7.26% of SRI LANKA's total exports and were up 20.26%, up 11.12%, up 42.92%, down 10.65%, up 28.25% comparing to the same period of last year.

During the current year until 202110, 85, 84, 60, 72, 30 were SRI LANKA's top five traded commodities importing from China , with import values of 739.7707 million, 573.8697 million, 274.4591 million, 220.9956 million, 208.0009 million. These values account for 19.05%, 14.78%, 7.07%, 5.69%, 5.36% of SRI LANKA's total imports and were up 35.81%, up 49.45%, up 31.48%, up 77.22%, up 1390.13% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Sri Lanka Customs