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Monitor Report of SRI LANKA trade and SRI LANKA-China binational trade in 202207

 1.  Overview the trade of SRI LANKA in goods current year until 202207

According to Dalian Infobank, in 202207, SRI LANKA's exports and imports of goods amounted to 2336.6188 million, and were down 15.79% comparing with the same period of last year. Among these, exports were up 2.66% at 1132.1384 million, and imports were down 27.96% at 1204.4804 million. And the corresponding trade deficit was 72.3421 million and down 87.29%.

During the current year until 202207, SRI LANKA's total exports and imports of goods were 18214.8768 million and were up 0.42% comparing to the same period of last year. Among these, exports were 7346.1321 million and up 9.03%; imports were 10868.7448 million and down 4.66%. The total trade deficit was 3522.6127 million and down 24.45%.

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 202207, SRI LANKA's imports and exports to five countries/territories were 3533.7483 million, 2420.3764 million, 2247.0335 million, 757.7875 million, 735.3449 million. These values correspond to 19.40%, 13.29%, 12.34%, 4.16%, 4.04% of SRI LANKA's imports and exports, and, respectively, were up 21.67%, down 16.96%, up 15.06%, down 15.90%, up 10.74% comparing to the same period of last year.

Current year until 202207, 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 202207, SRI LANKA's exports to these five countries/territories were 1989.6041 million, 602.4783 million, 501.2175 million, 450.7239 million, 359.4820 million. These values correspond to 27.08%, 8.20%, 6.82%, 6.14%, 4.89% of SRI LANKA's exports and, respectively, were up 21.81%, up 14.51%, up 16.56%, up 7.73%, up 10.47% comparing with the same period of last year.

Current year until 202207, 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 202207, SRI LANKA's imports from these five countries/territories were 3032.5308 million, 2279.2317 million, 595.8524 million, 516.6302 million, 403.8830 million. These values correspond to 27.90%, 20.97%, 5.48%, 4.75%, 3.72% of SRI LANKA's total imports and, respectively, were up 22.56%, down 17.10%, down 20.37%, up 11.55%, up 28.00% comparing with the same period of last year.

During the current year until 202207, the trade surplus of SRI LANKA was mainly from UNITED STATES, UNITED KINGDOM, GERMANY, CANADA, ITALY at 1732.1746 million, 469.6117 million, 270.9177 million, 185.5373 million, 183.3062 million, and up 31.84%, up 20.95%, up 17.51%, up 128.29%, up 39.24%. And the trade deficits were mainly from INDIA, CHINA, MALAYSIA, UNITED ARAB EMIRATES, SINGAPORE at 2531.3133 million, 2138.0871 million, 482.9678 million, 433.9173 million, 355.2412 million, and up 23.82%, down 17.26%, up 13.20%, down 27.12%, up 27.07%.

Current year until 202207, SRI LANKA's trade surplus or deficit with top five countries/territories During the current year until 202207,  commodities with hs2 codes, 27, 61, 62, 09, 84, were SRI LANKA's top five traded commodities. They correspond to the import and export values of 2535.1800 million, 2031.1598 million, 1332.3792 million, 950.2823 million, 869.8507 million, which were up 38.83%, up 19.62%, up 23.23%, down 10.22%, down 19.45% comparing with the same period of last year and account for 13.92%, 11.15%, 7.31%, 5.22%, 4.78% of SRI LANKA's total imports and exports.

During the current year until 202207, 61, 62, 09, 40, 85 were SRI LANKA's top five traded commodities, with total import and export values of 1984.9971 million, 1263.3035 million, 859.0636 million, 606.4338 million, 210.8279 million. These values correspond to 27.02%, 17.20%, 11.69%, 8.26%, 2.87% of SRI LANKA's total exports and, respectively, were up 19.49%, up 23.30%, down 11.15%, down 1.80%, down 18.09% comparing to the same period of last year.

During the current year until 202207, 27, 84, 60, 85, 39 were SRI LANKA's top five traded commodities, with total import values of 2450.5635 million, 757.5591 million, 646.8400 million, 637.8951 million, 457.4076 million. These values correspond to 22.55%, 6.97%, 5.95%, 5.87%, 4.21% of SRI LANKA's total exports and, respectively, were up 43.26%, down 22.81%, up 13.65%, down 34.08%, down 10.43% comparing to the same period of last year.


2. Current year until 202207, SRI LANKA binational trade profile

According to Dalian Infobank, during the current year until 202207, SRI LANKA-China binational exports and imports of goods amounted to 2420.3764 million and were down 16.96% comparing with the same period of last year. Among these, exports from SRI LANKA to China were 141.1446 million and down 14.56%, imports from China to SRI LANKA were 2279.2317 million and down 17.10%. The total binational trade deficit was 2138.0871 million and down 17.26%.

During the urrent year until 202207, commodities with hs2 code, 84, 85, 60, 55, 52, were binational trade's top five traded commodities. They correspond to import and export values of 319.7924 million, 314.1337 million, 208.4918 million, 132.3390 million, 117.8627 million and makes up 13.21%, 12.98%, 8.61%, 5.47%, 4.87% of the total binational imports and exports. These values were also down 22.27%, down 42.24%, up 11.71%, up 0.03%, up 11.43% comparing to the same period last year.

During the current year until 202207, 09, 61, 53, 38, 62 were the top five traded commodities exported to China from SRI LANKA, with export values of 27.7491 million, 25.8097 million, 20.1345 million, 12.8245 million, 10.0026 million. These values account for 19.66%, 18.29%, 14.27%, 9.09%, 7.09% of SRI LANKA's total exports and were down 24.28%, up 1.68%, up 5.66%, up 11.18%, down 28.32% comparing to the same period of last year.

During the current year until 202207, 84, 85, 60, 55, 52 were SRI LANKA's top five traded commodities importing from China , with import values of 317.2258 million, 308.6222 million, 208.4035 million, 132.3167 million, 117.8533 million. These values account for 13.92%, 13.54%, 9.14%, 5.81%, 5.17% of SRI LANKA's total imports and were down 22.60%, down 42.56%, up 11.82%, up 0.48%, up 11.54% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Sri Lanka Customs