1.  Overview the trade of SRI LANKA in goods current year until 202206

According to Dalian Infobank, in 202206, SRI LANKA's exports and imports of goods amounted to 2533.0778 million, and were down 6.36% comparing with the same period of last year. Among these, exports were up 23.00% at 1210.4079 million, and imports were down 23.15% at 1322.6700 million. And the corresponding trade deficit was 112.2621 million and down 84.77%.

During the current year until 202206, SRI LANKA's total exports and imports of goods were 15878.2581 million and were up 3.35% comparing to the same period of last year. Among these, exports were 6213.9937 million and up 10.28%; imports were 9664.2643 million and down 0.66%. The total trade deficit was 3450.2706 million and down 15.72%.

If considering by country (region), INDIA, CHINA, UNITED STATES, UNITED KINGDOM, UNITED ARAB EMIRATES were SRI LANKA's top five trading partners. During the current year until 202206, SRI LANKA's imports and exports to five countries/territories were 3232.0643 million, 2159.3543 million, 1909.8309 million, 627.4682 million, 604.8628 million. These values correspond to 20.36%, 13.60%, 12.03%, 3.95%, 3.81% of SRI LANKA's imports and exports, and, respectively, were up 31.41%, down 10.66%, up 16.72%, up 10.77%, down 18.53% comparing to the same period of last year.

Current year until 202206, 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 202206, SRI LANKA's exports to these five countries/territories were 1687.9269 million, 507.0634 million, 438.0058 million, 383.9347 million, 295.4000 million. These values correspond to 27.16%, 8.16%, 7.05%, 6.18%, 4.75% of SRI LANKA's exports and, respectively, were up 24.45%, up 14.02%, up 21.21%, up 9.29%, up 7.40% comparing with the same period of last year.

Current year until 202206, SRI LANKA's exports to top five countries/territories INDIA, CHINA, 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 202206, SRI LANKA's imports from these five countries/territories were 2794.0585 million, 2039.7686 million, 469.3672 million, 378.0158 million, 374.0266 million. These values correspond to 28.91%, 21.11%, 4.86%, 3.91%, 3.87% of SRI LANKA's total imports and, respectively, were up 33.16%, down 10.37%, down 24.98%, down 4.95%, up 31.49% comparing with the same period of last year.

During the current year until 202206, the trade surplus of SRI LANKA was mainly from UNITED STATES, UNITED KINGDOM, GERMANY, CANADA, NETHERLANDS at 1466.0229 million, 386.6587 million, 227.1559 million, 155.3092 million, 149.6263 million, and up 36.19%, up 19.70%, up 17.03%, up 180.60%, up 6.56%. And the trade deficits were mainly from INDIA, CHINA, MALAYSIA, UNITED ARAB EMIRATES, SINGAPORE at 2356.0528 million, 1920.1830 million, 350.6308 million, 333.8717 million, 332.1102 million, and up 35.65%, down 10.04%, down 5.50%, down 34.38%, up 29.95%.

Current year until 202206, SRI LANKA's trade surplus or deficit with top five countries/territories During the current year until 202206,  commodities with hs2 codes, 27, 61, 62, 09, 84, were SRI LANKA's top five traded commodities. They correspond to the import and export values of 2271.1707 million, 1704.0333 million, 1133.2004 million, 791.2686 million, 776.1425 million, which were up 45.57%, up 18.78%, up 23.79%, down 11.15%, down 15.90% comparing with the same period of last year and account for 14.30%, 10.73%, 7.14%, 4.98%, 4.89% of SRI LANKA's total imports and exports.

During the current year until 202206, 61, 62, 09, 40, 85 were SRI LANKA's top five traded commodities, with total import and export values of 1664.1911 million, 1069.0563 million, 713.2492 million, 516.9017 million, 178.7952 million. These values correspond to 26.78%, 17.20%, 11.48%, 8.32%, 2.88% of SRI LANKA's total exports and, respectively, were up 18.58%, up 23.49%, down 12.28%, down 0.71%, down 21.12% comparing to the same period of last year.

During the current year until 202206, 27, 84, 60, 85, 39 were SRI LANKA's top five traded commodities, with total import values of 2190.5712 million, 684.4327 million, 571.6431 million, 561.6595 million, 411.0555 million. These values correspond to 22.67%, 7.08%, 5.92%, 5.81%, 4.25% of SRI LANKA's total exports and, respectively, were up 46.49%, down 18.50%, up 20.17%, down 31.42%, down 7.44% comparing to the same period of last year.

2. Current year until 202206, SRI LANKA binational trade profile

According to Dalian Infobank, during the current year until 202206, SRI LANKA-China binational exports and imports of goods amounted to 2159.3543 million and were down 10.66% comparing with the same period of last year. Among these, exports from SRI LANKA to China were 119.5857 million and down 15.29%, imports from China to SRI LANKA were 2039.7686 million and down 10.37%. The total binational trade deficit was 1920.1830 million and down 10.04%.

During the urrent year until 202206, commodities with hs2 code, 84, 85, 60, 55, 52, were binational trade's top five traded commodities. They correspond to import and export values of 291.9519 million, 279.5448 million, 185.8866 million, 120.5401 million, 102.8049 million and makes up 13.52%, 12.95%, 8.61%, 5.58%, 4.76% of the total binational imports and exports. These values were also down 16.59%, down 39.45%, up 19.62%, up 3.76%, up 17.44% comparing to the same period last year.

During the current year until 202206, 09, 61, 53, 38, 62 were the top five traded commodities exported to China from SRI LANKA, with export values of 23.7493 million, 22.0891 million, 17.1201 million, 9.7143 million, 8.4834 million. These values account for 19.86%, 18.47%, 14.32%, 8.12%, 7.09% of SRI LANKA's total exports and were down 24.67%, up 1.24%, up 7.05%, down 0.22%, down 25.69% comparing to the same period of last year.

During the current year until 202206, 84, 85, 60, 55, 52 were SRI LANKA's top five traded commodities importing from China , with import values of 289.7800 million, 275.0626 million, 185.8447 million, 120.5306 million, 102.7970 million. These values account for 14.21%, 13.48%, 9.11%, 5.91%, 5.04% of SRI LANKA's total imports and were down 16.92%, down 39.68%, up 19.79%, up 4.31%, up 17.59% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Sri Lanka Customs