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Sri Lanka Trade Summary

2017

Sri Lanka exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR SRI LANKA 2017

Overall Exports and Imports for Sri Lanka 2017

Exports and imports of Sri Lanka in 2017 are below, along with number of countries and products

  • The total value of exports (FoB) was 11,741 million.
  • The total value of imports (CIF) was 21,316 million.
  • At the HS6 digit level, 3,121 products were exported to 198 countries and 4,246 products were imported from 195 countries.

Sri Lanka top 5 Export and Import partners 2017

Top five countries to which Sri Lanka exported in 2017 are below, along with the percent of total exports that went to that country:

  1. Sri Lanka exports to United States worth US$ 2,920 million, with a partner share of 24.87 percent.
  2. Sri Lanka exports to United Kingdom worth US$ 1,043 million, with a partner share of 8.88 percent.
  3. Sri Lanka exports to India worth US$ 790 million, with a partner share of 6.72 percent.
  4. Sri Lanka exports to Germany worth US$ 547 million, with a partner share of 4.66 percent.
  5. Sri Lanka exports to Italy worth US$ 532 million, with a partner share of 4.53 percent.

Top five countries from which Sri Lanka imported goods in 2017 are below, along with percent of total imports that came from the country :

  1. Sri Lanka imports from India worth US$ 4,494 million, with a partner share of 21.08 percent.
  2. Sri Lanka imports from China worth US$ 4,189 million, with a partner share of 19.65 percent.
  3. Sri Lanka imports from United Arab Emirates worth US$ 1,564 million, with a partner share of 7.34 percent.
  4. Sri Lanka imports from Singapore worth US$ 1,292 million, with a partner share of 6.06 percent.
  5. Sri Lanka imports from Japan worth US$ 1,038 million, with a partner share of 4.87 percent.

Sri Lanka Top 5 Productsexports imports at HS 6 digit level 2017

The top five exported HS 6 digit level products to world by Sri Lanka along with trade value are:

  1. Sri Lanka exported Black tea (fermented) and partly fermented tea, , worth US$ 815,416.04 million.
  2. Sri Lanka exported Black tea (fermented) and partly fermented tea , worth US$ 647,449.98 million.
  3. Sri Lanka exported Brassieres , worth US$ 589,273.98 million.
  4. Sri Lanka exported Solid... tyres, interchangeable tyre treads and , worth US$ 329,073.71 million.
  5. Sri Lanka exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 294,578.22 million.

The top five imported HS 6 digit level products from world by Sri Lanka along with trade value are

  1. Sri Lanka imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 2,090,490.05 million.
  2. Sri Lanka imported Gold in unwrought forms non-monetary , worth US$ 649,835.13 million.
  3. Sri Lanka imported Petroleum oils and oils obtained from bituminou , worth US$ 602,845.54 million.
  4. Sri Lanka imported Transmission apparatus, for radioteleph incorpo , worth US$ 445,072.89 million.
  5. Sri Lanka imported Semi-fin prod,i/nas,rect/sq cross-sect cntg by , worth US$ 355,454.32 million.

Exports and Imports of Product Groups 2017

Exports and imports of products by stages of processing in 2017 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2017

Tariffs imposed by Sri Lanka in 2017 are below

  • The maximum rate of tariff in percentage on any product was 3,000 percent.
  • The simple average tariff across all products was 10.35 percent.
  • The trade weighted average tariff was 8.72 .
  • The total duty free imports in thousands of US dollars were 12,966,315.92 and duty free tariff line items share was 54.02 percent.

Development Indicators 2017

Key Development Indicators of Sri Lanka in 2017 are below

  • Sri Lanka GDP in current US dollar was 94,376 million.
  • GNI per capita, Atlas method (current US$) was 4,210.00 .
  • Sri Lanka Trade balance: as % of GDP was -6.69.
  • Trade balance in current US$ was -6,316.00 million.
  • Trade as percentage of GDP was 47.14 .
  • Trade in services as percentage of GDP was 12.87 .

Trade Indicators 2017

Trade Indicators for Sri Lanka in 2017 are below

  • Hirschman Herfindahl market concentration index was 0.09.
  • Index of export market penetration was 6.07.
  • World Growth in percentage was 5.56 and Sri Lanka Country Growth was 3.80 .