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Monitor Report of SRI LANKA trade and SRI LANKA-China binational trade in 202202

 1.  Overview the trade of SRI LANKA in goods current year until 202202

According to Dalian Infobank, in 202202, SRI LANKA's exports and imports of goods amounted to 2800.0346 million, and were up 14.79% comparing with the same period of last year. Among these, exports were up 5.19% at 1042.4419 million, and imports were up 21.36% at 1757.5927 million. And the corresponding trade deficit was 715.1508 million and up 56.43%.

During the current year until 202202, SRI LANKA's total exports and imports of goods were 5708.5590 million and were up 17.14% comparing to the same period of last year. Among these, exports were 2098.5112 million and up 10.89%; imports were 3610.0478 million and up 21.12%. The total trade deficit was 1511.5366 million and up 38.90%.

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 202202, SRI LANKA's imports and exports to five countries/territories were 1064.9041 million, 914.1033 million, 648.1590 million, 261.7220 million, 213.0002 million. These values correspond to 18.65%, 16.01%, 11.35%, 4.58%, 3.73% of SRI LANKA's imports and exports, and, respectively, were up 51.50%, up 23.31%, up 14.79%, up 1.05%, up 26.00% comparing to the same period of last year.

Current year until 202202, 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 202202, SRI LANKA's exports to these five countries/territories were 584.6727 million, 162.1022 million, 148.2602 million, 120.3178 million, 102.4164 million. These values correspond to 27.86%, 7.72%, 7.07%, 5.73%, 4.88% of SRI LANKA's exports and, respectively, were up 24.55%, up 15.21%, up 28.18%, up 7.29%, up 5.66% comparing with the same period of last year.

Current year until 202202, 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 202202, SRI LANKA's imports from these five countries/territories were 916.6439 million, 870.2178 million, 217.2171 million, 139.9011 million, 126.8036 million. These values correspond to 25.39%, 24.11%, 6.02%, 3.88%, 3.51% of SRI LANKA's total imports and, respectively, were up 56.09%, up 25.49%, down 4.63%, down 15.45%, up 119.51% comparing with the same period of last year.

During the current year until 202202, the trade surplus of SRI LANKA was mainly from UNITED STATES, UNITED KINGDOM, NETHERLANDS, GERMANY, CANADA at 521.1864 million, 111.2043 million, 53.2414 million, 50.8529 million, 48.2934 million, and up 39.27%, down 1.03%, up 12.35%, down 20.93%, up 336.61%. And the trade deficits were mainly from CHINA, INDIA, UNITED ARAB EMIRATES, MALAYSIA, SINGAPORE at 826.3323 million, 768.3838 million, 172.7121 million, 128.5277 million, 111.3768 million, and up 28.00%, up 62.93%, down 12.12%, down 18.82%, up 138.26%.

Current year until 202202, SRI LANKA's trade surplus or deficit with top five countries/territories During the current year until 202202,  commodities with hs2 codes, 27, 61, 62, 84, 85, were SRI LANKA's top five traded commodities. They correspond to the import and export values of 704.5503 million, 569.2160 million, 399.2021 million, 327.0127 million, 277.9180 million, which were up 37.76%, up 15.26%, up 23.47%, up 13.42%, down 22.61% comparing with the same period of last year and account for 12.34%, 9.97%, 6.99%, 5.73%, 4.87% of SRI LANKA's total imports and exports.

During the current year until 202202, 61, 62, 09, 40, 85 were SRI LANKA's top five traded commodities, with total import and export values of 555.4606 million, 375.6589 million, 245.8920 million, 179.4232 million, 56.6679 million. These values correspond to 26.47%, 17.90%, 11.72%, 8.55%, 2.70% of SRI LANKA's total exports and, respectively, were up 14.64%, up 23.06%, down 10.57%, up 7.44%, down 51.58% comparing to the same period of last year.

During the current year until 202202, 27, 84, 85, 60, 72 were SRI LANKA's top five traded commodities, with total import values of 653.8361 million, 294.6229 million, 221.2502 million, 204.9415 million, 174.9399 million. These values correspond to 18.11%, 8.16%, 6.13%, 5.68%, 4.85% of SRI LANKA's total exports and, respectively, were up 28.13%, up 14.34%, down 8.61%, up 35.84%, up 127.08% comparing to the same period of last year.


2. Current year until 202202, SRI LANKA binational trade profile

According to Dalian Infobank, during the current year until 202202, SRI LANKA-China binational exports and imports of goods amounted to 914.1033 million and were up 23.31% comparing with the same period of last year. Among these, exports from SRI LANKA to China were 43.8855 million and down 8.30%, imports from China to SRI LANKA were 870.2178 million and up 25.49%. The total binational trade deficit was 826.3323 million and up 28.00%.

During the urrent year until 202202, commodities with hs2 code, 84, 85, 60, 55, 72, were binational trade's top five traded commodities. They correspond to import and export values of 123.2527 million, 113.9478 million, 73.4927 million, 58.7821 million, 52.5915 million and makes up 13.48%, 12.47%, 8.04%, 6.43%, 5.75% of the total binational imports and exports. These values were also up 7.10%, down 18.49%, up 46.24%, up 40.94%, up 86.21% comparing to the same period last year.

During the current year until 202202, 61, 09, 53, 62, 03 were the top five traded commodities exported to China from SRI LANKA, with export values of 8.7188 million, 7.9302 million, 6.1469 million, 4.0636 million, 2.8406 million. These values account for 19.87%, 18.07%, 14.01%, 9.26%, 6.47% of SRI LANKA's total exports and were up 11.67%, down 36.75%, up 29.66%, down 8.42%, up 194.12% comparing to the same period of last year.

During the current year until 202202, 84, 85, 60, 55, 72 were SRI LANKA's top five traded commodities importing from China , with import values of 122.6928 million, 112.7693 million, 73.4814 million, 58.7821 million, 52.5914 million. These values account for 14.10%, 12.96%, 8.44%, 6.75%, 6.04% of SRI LANKA's total imports and were up 6.81%, down 17.82%, up 46.96%, up 41.13%, up 86.21% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Sri Lanka Customs