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Monitor Report of SRI LANKA trade and SRI LANKA-China binational trade in 202204

 1.  Overview the trade of SRI LANKA in goods current year until 202204

According to Dalian Infobank, in 202204, SRI LANKA's exports and imports of goods amounted to 2490.1078 million, and were up 1.21% comparing with the same period of last year. Among these, exports were up 12.73% at 902.3393 million, and imports were down 4.35% at 1587.7685 million. And the corresponding trade deficit was 685.4293 million and down 20.25%.

During the current year until 202204, SRI LANKA's total exports and imports of goods were 11042.8272 million and were up 7.52% comparing to the same period of last year. Among these, exports were 4023.4366 million and up 7.10%; imports were 7019.3906 million and up 7.76%. The total trade deficit was 2995.9540 million and up 8.64%.

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 202204, SRI LANKA's imports and exports to five countries/territories were 2284.0161 million, 1591.7908 million, 1230.7623 million, 462.9648 million, 422.6348 million. These values correspond to 20.68%, 14.41%, 11.15%, 4.19%, 3.83% of SRI LANKA's imports and exports, and, respectively, were up 40.92%, up 4.25%, up 10.24%, down 11.62%, up 12.55% comparing to the same period of last year.

Current year until 202204, 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 202204, SRI LANKA's exports to these five countries/territories were 1097.0305 million, 333.3157 million, 282.5530 million, 247.1404 million, 192.3529 million. These values correspond to 27.27%, 8.28%, 7.02%, 6.14%, 4.78% of SRI LANKA's exports and, respectively, were up 19.49%, up 13.56%, up 14.53%, up 6.71%, up 3.97% comparing with the same period of last year.

Current year until 202204, SRI LANKA's exports to top five countries/territories INDIA, CHINA, UNITED ARAB EMIRATES, SINGAPORE, MALAYSIA are the top five countries/territories that SRI LANKA imports from in terms of the total export amount. During the current year until 202204, SRI LANKA's imports from these five countries/territories were 2001.4631 million, 1512.4307 million, 373.5629 million, 294.8428 million, 276.0704 million. These values correspond to 28.51%, 21.55%, 5.32%, 4.20%, 3.93% of SRI LANKA's total imports and, respectively, were up 45.66%, up 5.71%, down 17.69%, up 61.54%, down 5.18% comparing with the same period of last year.

During the current year until 202204, the trade surplus of SRI LANKA was mainly from UNITED STATES, UNITED KINGDOM, GERMANY, CANADA, ITALY at 963.2987 million, 243.9967 million, 137.0849 million, 99.4637 million, 89.1479 million, and up 33.84%, up 15.37%, up 6.04%, up 295.03%, up 5.89%. And the trade deficits were mainly from INDIA, CHINA, UNITED ARAB EMIRATES, SINGAPORE, MALAYSIA at 1718.9101 million, 1433.0706 million, 284.1610 million, 268.0120 million, 257.8972 million, and up 52.48%, up 7.39%, down 25.97%, up 64.47%, down 5.46%.

Current year until 202204, SRI LANKA's trade surplus or deficit with top five countries/territories During the current year until 202204,  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 1629.4334 million, 1096.0371 million, 746.7282 million, 590.0460 million, 522.9266 million, which were up 36.22%, up 12.44%, up 17.80%, down 5.90%, down 26.17% comparing with the same period of last year and account for 14.76%, 9.93%, 6.76%, 5.34%, 4.74% of SRI LANKA's total imports and exports.

During the current year until 202204, 61, 62, 09, 40, 85 were SRI LANKA's top five traded commodities, with total import and export values of 1068.8083 million, 700.0516 million, 458.2216 million, 337.5985 million, 112.4447 million. These values correspond to 26.56%, 17.40%, 11.39%, 8.39%, 2.79% of SRI LANKA's total exports and, respectively, were up 12.13%, up 16.99%, down 13.72%, up 1.59%, down 33.28% comparing to the same period of last year.

During the current year until 202204, 27, 84, 85, 60, 39 were SRI LANKA's top five traded commodities, with total import values of 1564.4809 million, 528.0687 million, 410.4819 million, 379.4330 million, 300.0065 million. These values correspond to 22.29%, 7.52%, 5.85%, 5.41%, 4.27% of SRI LANKA's total exports and, respectively, were up 33.40%, down 7.80%, down 23.95%, up 24.45%, up 6.27% comparing to the same period of last year.


2. Current year until 202204, SRI LANKA binational trade profile

According to Dalian Infobank, during the current year until 202204, SRI LANKA-China binational exports and imports of goods amounted to 1591.7908 million and were up 4.25% comparing with the same period of last year. Among these, exports from SRI LANKA to China were 79.3601 million and down 17.47%, imports from China to SRI LANKA were 1512.4307 million and up 5.71%. The total binational trade deficit was 1433.0706 million and up 7.39%.

During the urrent year until 202204, 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 237.5025 million, 214.7933 million, 119.3601 million, 87.0104 million, 80.1864 million and makes up 14.92%, 13.49%, 7.50%, 5.47%, 5.04% of the total binational imports and exports. These values were also down 0.84%, down 26.86%, up 27.28%, up 17.63%, up 28.47% comparing to the same period last year.

During the current year until 202204, 09, 61, 53, 38, 62 were the top five traded commodities exported to China from SRI LANKA, with export values of 15.1864 million, 14.8650 million, 11.2921 million, 6.3769 million, 6.3150 million. These values account for 19.14%, 18.73%, 14.23%, 8.04%, 7.96% of SRI LANKA's total exports and were down 30.58%, down 6.38%, up 5.01%, down 0.50%, down 18.47% comparing to the same period of last year.

During the current year until 202204, 84, 85, 60, 55, 72 were SRI LANKA's top five traded commodities importing from China , with import values of 236.1609 million, 211.9827 million, 119.3264 million, 87.0029 million, 80.1864 million. These values account for 15.61%, 14.02%, 7.89%, 5.75%, 5.30% of SRI LANKA's total imports and were down 1.11%, down 26.77%, up 27.58%, up 17.89%, up 28.47% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Sri Lanka Customs