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Monitor Report of SRI LANKA trade and SRI LANKA-China binational trade in 202210

 1.  Overview the trade of SRI LANKA in goods current year until 202210

According to Dalian Infobank, in 202210, SRI LANKA's exports and imports of goods amounted to 2387.0196 million, and were down 15.30% comparing with the same period of last year. Among these, exports were down 6.43% at 1087.5436 million, and imports were down 21.53% at 1299.4760 million. And the corresponding trade deficit was 211.9324 million and down 57.08%.

During the current year until 202210, SRI LANKA's total exports and imports of goods were 25480.8561 million and were down 2.69% comparing to the same period of last year. Among these, exports were 10745.9020 million and up 7.51%; imports were 14734.9541 million and down 9.00%. The total trade deficit was 3989.0521 million and down 35.62%.

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 202210, SRI LANKA's imports and exports to five countries/territories were 4817.8049 million, 3183.5532 million, 3174.5341 million, 1071.8681 million, 1005.0921 million. These values correspond to 18.91%, 12.49%, 12.46%, 4.21%, 3.94% of SRI LANKA's imports and exports, and, respectively, were up 16.67%, down 22.57%, up 8.60%, down 15.15%, up 4.81% comparing to the same period of last year.

Current year until 202210, 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 202210, SRI LANKA's exports to these five countries/territories were 2824.0234 million, 829.5881 million, 726.1871 million, 633.9164 million, 536.0790 million. These values correspond to 26.28%, 7.72%, 6.76%, 5.90%, 4.99% of SRI LANKA's exports and, respectively, were up 14.17%, up 7.72%, up 12.37%, up 3.69%, up 11.28% comparing with the same period of last year.

Current year until 202210, 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 202210, SRI LANKA's imports from these five countries/territories were 4091.6178 million, 2977.8646 million, 797.5567 million, 719.3264 million, 586.3957 million. These values correspond to 27.77%, 20.21%, 5.41%, 4.88%, 3.98% of SRI LANKA's total imports and, respectively, were up 17.46%, down 23.31%, down 22.82%, up 15.55%, up 1.10% comparing with the same period of last year.

During the current year until 202210, the trade surplus of SRI LANKA was mainly from UNITED STATES, UNITED KINGDOM, GERMANY, ITALY, NETHERLANDS at 2473.5128 million, 654.0841 million, 378.8824 million, 291.1211 million, 283.5574 million, and up 22.22%, up 12.51%, up 9.75%, up 35.07%, up 11.45%. And the trade deficits were mainly from INDIA, CHINA, MALAYSIA, UNITED ARAB EMIRATES, SINGAPORE at 3365.4307 million, 2772.1760 million, 663.4707 million, 523.2454 million, 484.6042 million, and up 18.62%, down 24.13%, up 18.07%, down 34.87%, down 4.42%.

Current year until 202210, SRI LANKA's trade surplus or deficit with top five countries/territories During the current year until 202210,  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 3597.3516 million, 2930.6473 million, 1840.2304 million, 1436.9655 million, 1232.5703 million, which were up 33.55%, up 13.85%, up 15.96%, down 5.89%, down 6.27% comparing with the same period of last year and account for 14.12%, 11.50%, 7.22%, 5.64%, 4.84% of SRI LANKA's total imports and exports.

During the current year until 202210, 61, 62, 09, 40, 71 were SRI LANKA's top five traded commodities, with total import and export values of 2869.4222 million, 1754.9148 million, 1309.8516 million, 874.6629 million, 338.2516 million. These values correspond to 26.70%, 16.33%, 12.19%, 8.14%, 3.15% of SRI LANKA's total exports and, respectively, were up 14.00%, up 16.65%, down 6.71%, down 2.76%, up 58.90% comparing to the same period of last year.

During the current year until 202210, 27, 84, 60, 85, 39 were SRI LANKA's top five traded commodities, with total import values of 3379.2547 million, 926.6087 million, 889.6817 million, 849.3048 million, 623.5165 million. These values correspond to 22.93%, 6.29%, 6.04%, 5.76%, 4.23% of SRI LANKA's total exports and, respectively, were up 34.51%, down 32.17%, up 4.81%, down 35.96%, down 9.75% comparing to the same period of last year.


2. Current year until 202210, SRI LANKA binational trade profile

According to Dalian Infobank, during the current year until 202210, SRI LANKA-China binational exports and imports of goods amounted to 3183.5532 million and were down 22.57% comparing with the same period of last year. Among these, exports from SRI LANKA to China were 205.6886 million and down 10.17%, imports from China to SRI LANKA were 2977.8646 million and down 23.31%. The total binational trade deficit was 2772.1760 million and down 24.13%.

During the urrent year until 202210, 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 402.0810 million, 390.1211 million, 279.5105 million, 168.6500 million, 157.0272 million and makes up 12.63%, 12.25%, 8.78%, 5.30%, 4.93% of the total binational imports and exports. These values were also down 46.30%, down 32.31%, up 1.74%, down 7.66%, up 9.15% comparing to the same period last year.

During the current year until 202210, 09, 61, 53, 38, 62 were the top five traded commodities exported to China from SRI LANKA, with export values of 42.0758 million, 37.1486 million, 27.3911 million, 19.5501 million, 14.5872 million. These values account for 20.46%, 18.06%, 13.32%, 9.50%, 7.09% of SRI LANKA's total exports and were down 17.78%, down 0.14%, up 4.61%, up 17.56%, down 19.84% comparing to the same period of last year.

During the current year until 202210, 85, 84, 60, 55, 52 were SRI LANKA's top five traded commodities importing from China , with import values of 394.3412 million, 386.3652 million, 279.4067 million, 168.6084 million, 157.0179 million. These values account for 13.24%, 12.97%, 9.38%, 5.66%, 5.27% of SRI LANKA's total imports and were down 46.69%, down 32.67%, up 1.80%, down 6.92%, up 9.23% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Sri Lanka Customs