1.  Overview the trade of SRI LANKA in goods current year until 202212

According to Dalian Infobank, in 202212, SRI LANKA's exports and imports of goods amounted to 2244.5281 million, and were down 32.41% comparing with the same period of last year. Among these, exports were down 7.81% at 1031.8627 million, and imports were down 44.92% at 1212.6654 million. And the corresponding trade deficit was 180.8027 million and down 83.30%.

During the current year until 202212, SRI LANKA's total exports and imports of goods were 30053.2403 million and were down 7.27% comparing to the same period of last year. Among these, exports were 12746.7287 million and up 3.39%; imports were 17306.5116 million and down 13.81%. The total trade deficit was 4559.7830 million and down 41.17%.

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 202212, SRI LANKA's imports and exports to five countries/territories were 5438.1782 million, 3757.4968 million, 3733.1450 million, 1300.9810 million, 1169.0908 million. These values correspond to 18.10%, 12.50%, 12.42%, 4.33%, 3.89% of SRI LANKA's imports and exports, and, respectively, were up 3.78%, down 25.38%, up 3.63%, down 18.68%, down 0.29% comparing to the same period of last year.

Current year until 202212, 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 202212, SRI LANKA's exports to these five countries/territories were 3316.1808 million, 965.0655 million, 853.8862 million, 743.6193 million, 639.3626 million. These values correspond to 26.02%, 7.57%, 6.70%, 5.83%, 5.02% of SRI LANKA's exports and, respectively, were up 7.90%, up 3.19%, up 4.62%, down 1.54%, up 10.29% comparing with the same period of last year.

Current year until 202212, 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 202212, SRI LANKA's imports from these five countries/territories were 4584.2920 million, 3504.7088 million, 955.4711 million, 850.7292 million, 738.5383 million. These values correspond to 26.49%, 20.25%, 5.52%, 4.92%, 4.27% of SRI LANKA's total imports and, respectively, were up 3.63%, down 26.39%, down 27.42%, up 10.13%, up 2.21% comparing with the same period of last year.

During the current year until 202212, the trade surplus of SRI LANKA was mainly from UNITED STATES, UNITED KINGDOM, GERMANY, ITALY, NETHERLANDS at 2899.2165 million, 761.0403 million, 447.5725 million, 346.5939 million, 341.2790 million, and up 13.95%, up 9.03%, up 9.61%, up 31.17%, up 8.42%. And the trade deficits were mainly from INDIA, CHINA, MALAYSIA, UNITED ARAB EMIRATES, SINGAPORE at 3730.4058 million, 3251.9207 million, 784.8995 million, 609.9612 million, 600.2263 million, and up 3.40%, down 27.52%, up 12.04%, down 40.96%, down 3.80%.

Current year until 202212, SRI LANKA's trade surplus or deficit with top five countries/territories During the current year until 202212,  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 4183.6174 million, 3453.6624 million, 2194.1445 million, 1725.4683 million, 1416.7106 million, which were up 22.65%, up 8.45%, up 12.56%, down 6.86%, down 11.64% comparing with the same period of last year and account for 13.92%, 11.49%, 7.30%, 5.74%, 4.71% of SRI LANKA's total imports and exports.

During the current year until 202212, 61, 62, 09, 40, 71 were SRI LANKA's top five traded commodities, with total import and export values of 3383.5135 million, 2092.8013 million, 1572.3052 million, 1017.3771 million, 399.3996 million. These values correspond to 26.54%, 16.42%, 12.33%, 7.98%, 3.13% of SRI LANKA's total exports and, respectively, were up 8.60%, up 13.56%, down 7.91%, down 7.05%, up 35.73% comparing to the same period of last year.

During the current year until 202212, 27, 84, 60, 85, 39 were SRI LANKA's top five traded commodities, with total import values of 3909.3845 million, 1060.2017 million, 1027.6908 million, 991.3436 million, 725.1116 million. These values correspond to 22.59%, 6.13%, 5.94%, 5.73%, 4.19% of SRI LANKA's total exports and, respectively, were up 23.09%, down 38.06%, down 1.82%, down 38.65%, down 14.81% comparing to the same period of last year.

2. Current year until 202212, SRI LANKA binational trade profile

According to Dalian Infobank, during the current year until 202212, SRI LANKA-China binational exports and imports of goods amounted to 3757.4968 million and were down 25.38% comparing with the same period of last year. Among these, exports from SRI LANKA to China were 252.7881 million and down 7.91%, imports from China to SRI LANKA were 3504.7088 million and down 26.39%. The total binational trade deficit was 3251.9207 million and down 27.52%.

During the urrent year until 202212, 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 477.7292 million, 445.3760 million, 324.8042 million, 196.7518 million, 173.5239 million and makes up 12.71%, 11.85%, 8.64%, 5.24%, 4.62% of the total binational imports and exports. These values were also down 47.57%, down 39.15%, down 3.47%, down 13.73%, down 3.21% comparing to the same period last year.

During the current year until 202212, 61, 09, 53, 38, 62 were the top five traded commodities exported to China from SRI LANKA, with export values of 49.8156 million, 49.4499 million, 30.3236 million, 23.0960 million, 18.4269 million. These values account for 19.71%, 19.56%, 12.00%, 9.14%, 7.29% of SRI LANKA's total exports and were up 6.86%, down 20.00%, up 3.24%, up 12.52%, down 15.20% comparing to the same period of last year.

During the current year until 202212, 85, 84, 60, 55, 52 were SRI LANKA's top five traded commodities importing from China , with import values of 468.0074 million, 440.6630 million, 324.6955 million, 196.7102 million, 173.5116 million. These values account for 13.35%, 12.57%, 9.26%, 5.61%, 4.95% of SRI LANKA's total imports and were down 48.03%, down 39.54%, down 3.42%, down 13.17%, down 3.16% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Sri Lanka Customs