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Monitor Report of SRI LANKA trade and SRI LANKA-China binational trade in 202205

 1.  Overview the trade of SRI LANKA in goods current year until 202205

According to Dalian Infobank, in 202205, SRI LANKA's exports and imports of goods amounted to 2302.3530 million, and were down 3.55% comparing with the same period of last year. Among these, exports were up 9.63% at 980.1492 million, and imports were down 11.44% at 1322.2038 million. And the corresponding trade deficit was 342.0546 million and down 42.90%.

During the current year until 202205, SRI LANKA's total exports and imports of goods were 13345.1802 million and were up 5.43% comparing to the same period of last year. Among these, exports were 5003.5859 million and up 7.59%; imports were 8341.5944 million and up 4.18%. The total trade deficit was 3338.0085 million and down 0.55%.

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 202205, SRI LANKA's imports and exports to five countries/territories were 2780.1937 million, 1847.6018 million, 1532.8816 million, 523.7522 million, 514.4429 million. These values correspond to 20.83%, 13.84%, 11.49%, 3.92%, 3.85% of SRI LANKA's imports and exports, and, respectively, were up 35.70%, down 3.70%, up 11.72%, down 15.61%, up 10.50% comparing to the same period of last year.

Current year until 202205, 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 202205, SRI LANKA's exports to these five countries/territories were 1363.4531 million, 411.5393 million, 365.0636 million, 303.3391 million, 243.8000 million. These values correspond to 27.25%, 8.22%, 7.30%, 6.06%, 4.87% of SRI LANKA's exports and, respectively, were up 20.28%, up 12.26%, up 20.64%, up 6.07%, up 7.93% comparing with the same period of last year.

Current year until 202205, 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 202205, SRI LANKA's imports from these five countries/territories were 2415.1301 million, 1749.2773 million, 414.0144 million, 351.5368 million, 335.3755 million. These values correspond to 28.95%, 20.97%, 4.96%, 4.21%, 4.02% of SRI LANKA's total imports and, respectively, were up 38.30%, down 2.88%, down 21.49%, down 0.41%, up 38.38% comparing with the same period of last year.

During the current year until 202205, the trade surplus of SRI LANKA was mainly from UNITED STATES, UNITED KINGDOM, GERMANY, CANADA, ITALY at 1194.0246 million, 308.6357 million, 170.5783 million, 124.1055 million, 114.3514 million, and up 33.40%, up 15.31%, up 8.14%, up 217.83%, up 19.35%. And the trade deficits were mainly from INDIA, CHINA, MALAYSIA, UNITED ARAB EMIRATES, SINGAPORE at 2050.0665 million, 1650.9528 million, 329.6665 million, 304.2765 million, 302.1182 million, and up 42.01%, down 1.96%, down 0.22%, down 29.90%, up 38.70%.

Current year until 202205, SRI LANKA's trade surplus or deficit with top five countries/territories During the current year until 202205,  commodities with hs2 codes, 27, 61, 62, 84, 09, were SRI LANKA's top five traded commodities. They correspond to the import and export values of 1968.7645 million, 1369.2319 million, 924.0841 million, 678.1166 million, 635.9147 million, which were up 38.02%, up 14.30%, up 21.25%, down 9.29%, down 12.56% comparing with the same period of last year and account for 14.75%, 10.26%, 6.92%, 5.08%, 4.77% of SRI LANKA's total imports and exports.

During the current year until 202205, 61, 62, 09, 40, 85 were SRI LANKA's top five traded commodities, with total import and export values of 1336.8456 million, 868.7052 million, 568.5991 million, 414.2927 million, 146.3039 million. These values correspond to 26.72%, 17.36%, 11.36%, 8.28%, 2.92% of SRI LANKA's total exports and, respectively, were up 14.14%, up 20.83%, down 13.82%, down 2.41%, down 25.57% comparing to the same period of last year.

During the current year until 202205, 27, 84, 85, 60, 39 were SRI LANKA's top five traded commodities, with total import values of 1896.7259 million, 603.9507 million, 483.0136 million, 463.2202 million, 356.1506 million. These values correspond to 22.74%, 7.24%, 5.79%, 5.55%, 4.27% of SRI LANKA's total exports and, respectively, were up 37.94%, down 11.16%, down 26.23%, up 20.39%, up 0.60% comparing to the same period of last year.


2. Current year until 202205, SRI LANKA binational trade profile

According to Dalian Infobank, during the current year until 202205, SRI LANKA-China binational exports and imports of goods amounted to 1847.6018 million and were down 3.70% comparing with the same period of last year. Among these, exports from SRI LANKA to China were 98.3245 million and down 16.18%, imports from China to SRI LANKA were 1749.2773 million and down 2.88%. The total binational trade deficit was 1650.9528 million and down 1.96%.

During the urrent year until 202205, 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 262.4194 million, 248.0242 million, 142.9608 million, 102.5065 million, 97.5343 million and makes up 14.20%, 13.42%, 7.74%, 5.55%, 5.28% of the total binational imports and exports. These values were also down 6.99%, down 31.55%, up 17.42%, up 15.05%, down 8.22% comparing to the same period last year.

During the current year until 202205, 09, 61, 53, 38, 62 were the top five traded commodities exported to China from SRI LANKA, with export values of 19.5805 million, 18.4740 million, 13.5027 million, 8.5311 million, 7.2486 million. These values account for 19.91%, 18.79%, 13.73%, 8.68%, 7.37% of SRI LANKA's total exports and were down 26.11%, down 1.15%, up 1.27%, up 6.67%, down 23.04% comparing to the same period of last year.

During the current year until 202205, 84, 85, 60, 55, 72 were SRI LANKA's top five traded commodities importing from China , with import values of 260.6199 million, 244.4454 million, 142.9204 million, 102.4990 million, 97.5342 million. These values account for 14.90%, 13.97%, 8.17%, 5.86%, 5.58% of SRI LANKA's total imports and were down 7.35%, down 31.61%, up 17.63%, up 15.80%, down 8.22% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Sri Lanka Customs