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Monitor Report of SRI LANKA trade and SRI LANKA-China binational trade in 202009

 1.  Overview the trade of SRI LANKA in goods current year until 202009

According to Dalian Infobank, in 202009SRI LANKA's exports and imports of goods amounted to 2479.6886 million, and were down 4.80% comparing with the same period of last year. Among these, exports were up 5.40% at 1001.5536 million, and imports were down 10.66% at 1478.1350 million. And the corresponding trade deficit was 476.5814 million and down 32.33%.

During the current year until 202009, SRI LANKA's total exports and imports of goods were 18870.4456 million and were down 18.40% comparing to the same period of last year. Among these, exports were 7405.0743 million and down 16.57%; imports were 11465.3713 million and down 19.54%. The total trade deficit was 4060.2970 million and down 24.46%.

If considering by country (region), CHINA, INDIA, UNITED STATES, UNITED KINGDOM, UNITED ARAB EMIRATES were SRI LANKA's top five trading partners. During the current year until 202009, SRI LANKA's imports and exports to five countries/territories were 2680.6460 million, 2648.9298 million, 2271.9595 million, 829.2916 million, 791.6851 million. These values correspond to 14.21%, 14.04%, 12.04%, 4.39%, 4.20% of SRI LANKA's imports and exports, and, respectively, were down 13.78%, down 21.98%, down 16.80%, down 20.56%, down 43.99% comparing to the same period of last year.

Current year until 202009, 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 202009, SRI LANKA's exports to these five countries/territories were 1892.9691 million, 664.4450 million, 453.8472 million, 430.2203 million, 330.3242 million. These values correspond to 25.56%, 8.97%, 6.13%, 5.81%, 4.46% of SRI LANKA's exports and, respectively, were down 19.04%, down 14.26%, down 21.28%, down 12.61%, down 17.09% comparing with the same period of last year.

Current year until 202009, SRI LANKA's exports to top five countries/territories CHINA, INDIA, 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 202009, SRI LANKA's imports from these five countries/territories were 2521.2725 million, 2195.0826 million, 645.3544 million, 510.8520 million, 459.2457 million. These values correspond to 21.99%, 19.15%, 5.63%, 4.46%, 4.01% of SRI LANKA's total imports and, respectively, were down 14.20%, down 22.12%, down 46.62%, down 16.74%, down 28.07% comparing with the same period of last year.

During the current year until 202009, the trade surplus of SRI LANKA was mainly from UNITED STATES, UNITED KINGDOM, GERMANY, BELGIUM, ITALY at 1513.9787 million, 499.5985 million, 188.4983 million, 178.6869 million, 136.8875 million, and down 22.17%, down 1.27%, down 15.55%, down 12.51%, down 22.82%. And the trade deficits were mainly from CHINA, INDIA, UNITED ARAB EMIRATES, MALAYSIA, SINGAPORE at 2361.8991 million, 1741.2354 million, 499.0237 million, 467.7219 million, 382.2157 million, and down 14.67%, down 22.34%, down 50.33%, down 19.28%, down 29.84%.

Current year until 202009, SRI LANKA's trade surplus or deficit with top five countries/territories During the current year until 202009,  commodities with hs2 codes, 27, 61, 62, 09, 85, were SRI LANKA's top five traded commodities. They correspond to the import and export values of 1844.1114 million, 1780.9786 million, 1258.4906 million, 1217.8294 million, 1096.0975 million, which were down 34.77%, down 22.95%, down 28.23%, down 7.15%, down 7.31% comparing with the same period of last year and account for 9.77%, 9.44%, 6.67%, 6.45%, 5.81% of SRI LANKA's total imports and exports.

During the current year until 202009, 61, 62, 09, 40, 27 were SRI LANKA's top five traded commodities, with total import and export values of 1739.8649 million, 1180.6893 million, 1110.4983 million, 587.1468 million, 257.3035 million. These values correspond to 23.50%, 15.94%, 15.00%, 7.93%, 3.47% of SRI LANKA's total exports and, respectively, were down 23.04%, down 27.90%, down 8.80%, down 13.97%, up 6.05% comparing to the same period of last year.

During the current year until 202009, 27, 84, 85, 60, 87 were SRI LANKA's top five traded commodities, with total import values of 1586.8080 million, 910.9581 million, 910.1699 million, 523.4820 million, 519.9858 million. These values correspond to 13.84%, 7.95%, 7.94%, 4.57%, 4.54% of SRI LANKA's total exports and, respectively, were down 38.60%, down 14.49%, down 4.42%, down 23.52%, down 45.16% comparing to the same period of last year.


2. Current year until 202009, SRI LANKA binational trade profile

According to Dalian Infobank, during the current year until 202009, SRI LANKA-China binational exports and imports of goods amounted to 2680.6460 million and were down 13.78% comparing with the same period of last year. Among these, exports from SRI LANKA to China were 159.3734 million and down 6.53%, imports from China to SRI LANKA were 2521.2725 million and down 14.20%. The total binational trade deficit was 2361.8991 million and down 14.67%.

During the urrent year until 202009, 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 493.3120 million, 337.8859 million, 186.2112 million, 136.1870 million, 111.7657 million and makes up 18.40%, 12.60%, 6.95%, 5.08%, 4.17% of the total binational imports and exports. These values were also up 3.84%, down 17.63%, down 25.91%, down 22.02%, down 36.46% comparing to the same period last year.

During the current year until 202009, 09, 61, 62, 53, 38 were the top five traded commodities exported to China from SRI LANKA, with export values of 35.9276 million, 30.6748 million, 19.8120 million, 15.9751 million, 11.4663 million. These values account for 22.54%, 19.25%, 12.43%, 10.02%, 7.19% of SRI LANKA's total exports and were down 2.97%, down 3.32%, down 0.05%, up 17.37%, down 16.33% comparing to the same period of last year.

During the current year until 202009, 85, 84, 60, 55, 52 were SRI LANKA's top five traded commodities importing from China , with import values of 487.0017 million, 337.3973 million, 186.0355 million, 134.2643 million, 111.7041 million. These values account for 19.32%, 13.38%, 7.38%, 5.33%, 4.43% of SRI LANKA's total imports and were up 4.88%, down 17.71%, down 25.87%, down 23.05%, down 36.50% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Sri Lanka Customs