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Monitor Report of SRI LANKA trade and SRI LANKA-China binational trade in 202211

 1.  Overview the trade of SRI LANKA in goods current year until 202211

According to Dalian Infobank, in 202211, SRI LANKA's exports and imports of goods amounted to 2327.8561 million, and were down 19.75% comparing with the same period of last year. Among these, exports were down 20.19% at 968.9640 million, and imports were down 19.42% at 1358.8921 million. And the corresponding trade deficit was 389.9281 million and down 17.44%.

During the current year until 202211, SRI LANKA's total exports and imports of goods were 27808.7121 million and were down 4.40% comparing to the same period of last year. Among these, exports were 11714.8659 million and up 4.51%; imports were 16093.8462 million and down 9.98%. The total trade deficit was 4378.9803 million and down 34.33%.

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 202211, SRI LANKA's imports and exports to five countries/territories were 5129.3054 million, 3499.2019 million, 3441.2442 million, 1211.2634 million, 1075.6770 million. These values correspond to 18.44%, 12.58%, 12.37%, 4.36%, 3.87% of SRI LANKA's imports and exports, and, respectively, were up 11.25%, down 22.84%, up 5.54%, down 12.13%, up 1.16% comparing to the same period of last year.

Current year until 202211, 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 202211, SRI LANKA's exports to these five countries/territories were 3062.2667 million, 886.7514 million, 789.5821 million, 684.3018 million, 589.4973 million. These values correspond to 26.14%, 7.57%, 6.74%, 5.84%, 5.03% of SRI LANKA's exports and, respectively, were up 10.35%, up 3.75%, up 8.69%, up 0.61%, up 10.31% comparing with the same period of last year.

Current year until 202211, 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 202211, SRI LANKA's imports from these five countries/territories were 4339.7233 million, 3267.0650 million, 896.2282 million, 806.7482 million, 620.1934 million. These values correspond to 26.97%, 20.30%, 5.57%, 5.01%, 3.85% of SRI LANKA's total imports and, respectively, were up 11.73%, down 23.70%, down 20.33%, up 13.98%, down 4.30% comparing with the same period of last year.

During the current year until 202211, the trade surplus of SRI LANKA was mainly from UNITED STATES, UNITED KINGDOM, GERMANY, ITALY, NETHERLANDS at 2683.2891 million, 697.8258 million, 409.6655 million, 318.3169 million, 305.1163 million, and up 17.21%, up 8.03%, up 5.70%, up 33.50%, up 6.02%. And the trade deficits were mainly from INDIA, CHINA, MALAYSIA, UNITED ARAB EMIRATES, SINGAPORE at 3550.1411 million, 3034.9282 million, 745.3027 million, 581.1930 million, 507.9106 million, and up 12.43%, down 24.67%, up 16.11%, down 33.30%, down 10.20%.

Current year until 202211, SRI LANKA's trade surplus or deficit with top five countries/territories During the current year until 202211,  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 3974.9781 million, 3190.1025 million, 2007.6027 million, 1577.4592 million, 1326.0671 million, which were up 33.56%, up 11.11%, up 13.90%, down 7.12%, down 9.33% comparing with the same period of last year and account for 14.29%, 11.47%, 7.22%, 5.67%, 4.77% of SRI LANKA's total imports and exports.

During the current year until 202211, 61, 62, 09, 40, 71 were SRI LANKA's top five traded commodities, with total import and export values of 3124.4371 million, 1913.2819 million, 1437.5859 million, 943.6807 million, 368.9577 million. These values correspond to 26.67%, 16.33%, 12.27%, 8.06%, 3.15% of SRI LANKA's total exports and, respectively, were up 11.27%, up 14.68%, down 7.97%, down 5.78%, up 35.78% comparing to the same period of last year.

During the current year until 202211, 27, 84, 60, 85, 39 were SRI LANKA's top five traded commodities, with total import values of 3726.8873 million, 995.5802 million, 967.4738 million, 925.3348 million, 675.9228 million. These values correspond to 23.16%, 6.19%, 6.01%, 5.75%, 4.20% of SRI LANKA's total exports and, respectively, were up 34.93%, down 34.47%, up 2.29%, down 36.48%, down 11.57% comparing to the same period of last year.


2. Current year until 202211, SRI LANKA binational trade profile

According to Dalian Infobank, during the current year until 202211, SRI LANKA-China binational exports and imports of goods amounted to 3499.2019 million and were down 22.84% comparing with the same period of last year. Among these, exports from SRI LANKA to China were 232.1369 million and down 8.26%, imports from China to SRI LANKA were 3267.0650 million and down 23.70%. The total binational trade deficit was 3034.9282 million and down 24.67%.

During the urrent year until 202211, 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 441.8504 million, 421.1419 million, 307.7453 million, 182.9683 million, 165.0917 million and makes up 12.63%, 12.04%, 8.79%, 5.23%, 4.72% of the total binational imports and exports. These values were also down 45.78%, down 34.95%, up 0.08%, down 10.37%, up 0.43% comparing to the same period last year.

During the current year until 202211, 09, 61, 53, 38, 62 were the top five traded commodities exported to China from SRI LANKA, with export values of 46.6368 million, 44.8205 million, 29.0216 million, 21.2483 million, 16.2185 million. These values account for 20.09%, 19.31%, 12.50%, 9.15%, 6.99% of SRI LANKA's total exports and were down 18.79%, up 7.12%, up 4.50%, up 16.95%, down 19.57% comparing to the same period of last year.

During the current year until 202211, 85, 84, 60, 55, 52 were SRI LANKA's top five traded commodities importing from China , with import values of 433.0846 million, 417.0855 million, 307.6373 million, 182.9267 million, 165.0796 million. These values account for 13.26%, 12.77%, 9.42%, 5.60%, 5.05% of SRI LANKA's total imports and were down 46.22%, down 35.31%, up 0.14%, down 9.72%, up 0.49% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Sri Lanka Customs