1.  Overview the trade of SRI LANKA in goods current year until 202209

According to Dalian Infobank, in 202209, SRI LANKA's exports and imports of goods amounted to 2237.4899 million, and were down 11.07% comparing with the same period of last year. Among these, exports were up 9.11% at 1098.1898 million, and imports were down 24.53% at 1139.3001 million. And the corresponding trade deficit was 41.1103 million and down 91.83%.

During the current year until 202209, SRI LANKA's total exports and imports of goods were 23093.8365 million and were down 1.17% comparing to the same period of last year. Among these, exports were 9658.3583 million and up 9.35%; imports were 13435.4781 million and down 7.57%. The total trade deficit was 3777.1198 million and down 33.76%.

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 202209, SRI LANKA's imports and exports to five countries/territories were 4386.1781 million, 2933.8335 million, 2909.9996 million, 954.3049 million, 923.1806 million. These values correspond to 18.99%, 12.70%, 12.60%, 4.13%, 4.00% of SRI LANKA's imports and exports, and, respectively, were up 18.69%, down 21.47%, up 12.49%, down 16.20%, up 8.34% comparing to the same period of last year.

Current year until 202209, 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 202209, SRI LANKA's exports to these five countries/territories were 2585.3228 million, 759.7397 million, 642.8175 million, 568.3847 million, 477.7981 million. These values correspond to 26.77%, 7.87%, 6.66%, 5.88%, 4.95% of SRI LANKA's exports and, respectively, were up 18.50%, up 11.47%, up 13.07%, up 4.00%, up 13.83% comparing with the same period of last year.

Current year until 202209, 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 202209, SRI LANKA's imports from these five countries/territories were 3743.3606 million, 2748.0869 million, 723.0744 million, 652.9764 million, 487.3148 million. These values correspond to 27.86%, 20.45%, 5.38%, 4.86%, 3.63% of SRI LANKA's total imports and, respectively, were up 19.72%, down 22.09%, down 22.84%, up 18.13%, up 3.72% comparing with the same period of last year.

During the current year until 202209, the trade surplus of SRI LANKA was mainly from UNITED STATES, UNITED KINGDOM, GERMANY, ITALY, CANADA at 2260.6461 million, 596.2987 million, 348.5479 million, 253.2083 million, 246.3294 million, and up 27.24%, up 16.71%, up 14.14%, up 41.45%, up 103.26%. And the trade deficits were mainly from INDIA, CHINA, MALAYSIA, UNITED ARAB EMIRATES, SINGAPORE at 3100.5431 million, 2562.3402 million, 604.3579 million, 491.8438 million, 400.5980 million, and up 21.19%, down 22.79%, up 21.38%, down 33.12%, down 1.47%.

Current year until 202209, SRI LANKA's trade surplus or deficit with top five countries/territories During the current year until 202209,  commodities with hs2 codes, 27, 61, 62, 09, 40, were SRI LANKA's top five traded commodities. They correspond to the import and export values of 3154.0454 million, 2665.2327 million, 1690.3042 million, 1289.4003 million, 1120.3025 million, which were up 35.28%, up 17.71%, up 19.59%, down 5.72%, down 5.38% comparing with the same period of last year and account for 13.66%, 11.54%, 7.32%, 5.58%, 4.85% of SRI LANKA's total imports and exports.

During the current year until 202209, 61, 62, 09, 40, 71 were SRI LANKA's top five traded commodities, with total import and export values of 2609.5618 million, 1610.1995 million, 1171.5492 million, 788.8179 million, 294.2082 million. These values correspond to 27.02%, 16.67%, 12.13%, 8.17%, 3.05% of SRI LANKA's total exports and, respectively, were up 17.87%, up 20.17%, down 6.66%, down 2.31%, up 56.97% comparing to the same period of last year.

During the current year until 202209, 27, 84, 60, 85, 39 were SRI LANKA's top five traded commodities, with total import values of 3013.7395 million, 872.2731 million, 821.5189 million, 773.9832 million, 571.9507 million. These values correspond to 22.43%, 6.49%, 6.11%, 5.76%, 4.26% of SRI LANKA's total exports and, respectively, were up 39.09%, down 30.28%, up 8.57%, down 36.36%, down 9.31% comparing to the same period of last year.

2. Current year until 202209, SRI LANKA binational trade profile

According to Dalian Infobank, during the current year until 202209, SRI LANKA-China binational exports and imports of goods amounted to 2933.8335 million and were down 21.47% comparing with the same period of last year. Among these, exports from SRI LANKA to China were 185.7467 million and down 10.96%, imports from China to SRI LANKA were 2748.0869 million and down 22.09%. The total binational trade deficit was 2562.3402 million and down 22.79%.

During the urrent year until 202209, commodities with hs2 code, 85, 84, 60, 55, 52, were binational trade's top five traded commodities. They correspond to import and export values of 376.1445 million, 367.8170 million, 260.8113 million, 154.0983 million, 144.0837 million and makes up 12.82%, 12.54%, 8.89%, 5.25%, 4.91% of the total binational imports and exports. These values were also down 45.27%, down 29.96%, up 6.51%, down 6.84%, up 9.53% comparing to the same period last year.

During the current year until 202209, 09, 61, 53, 38, 62 were the top five traded commodities exported to China from SRI LANKA, with export values of 37.2885 million, 35.4030 million, 25.0443 million, 17.0095 million, 13.4238 million. These values account for 20.07%, 19.06%, 13.48%, 9.16%, 7.23% of SRI LANKA's total exports and were down 20.68%, up 7.61%, up 4.43%, up 13.29%, down 22.85% comparing to the same period of last year.

During the current year until 202209, 85, 84, 60, 55, 52 were SRI LANKA's top five traded commodities importing from China , with import values of 369.1631 million, 364.5369 million, 260.7074 million, 154.0567 million, 144.0743 million. These values account for 13.43%, 13.27%, 9.49%, 5.61%, 5.24% of SRI LANKA's total imports and were down 45.63%, down 30.30%, up 6.59%, down 6.01%, up 9.62% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Sri Lanka Customs