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Sri Lanka Trade Summary

2020

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 2020

Overall Exports and Imports for Sri Lanka 2020

Exports and imports of Sri Lanka in 2020 are below, along with number of countries and products

  • The total value of exports (FoB) was 10,707 million.
  • The total value of imports (CIF) was 15,607 million.
  • At the HS6 digit level, 2,912 products were exported to 195 countries and 4,142 products were imported from 197 countries.

Sri Lanka top 5 Export and Import partners 2020

Top five countries to which Sri Lanka exported in 2020 are below, along with the percent of total exports that went to that country:

  1. Sri Lanka exports to United States worth US$ 2,658 million, with a partner share of 24.83 percent.
  2. Sri Lanka exports to United Kingdom worth US$ 956 million, with a partner share of 8.93 percent.
  3. Sri Lanka exports to India worth US$ 654 million, with a partner share of 6.11 percent.
  4. Sri Lanka exports to Germany worth US$ 612 million, with a partner share of 5.71 percent.
  5. Sri Lanka exports to Italy worth US$ 477 million, with a partner share of 4.46 percent.

Top five countries from which Sri Lanka imported goods in 2020 are below, along with percent of total imports that came from the country :

  1. Sri Lanka imports from China worth US$ 3,582 million, with a partner share of 22.95 percent.
  2. Sri Lanka imports from India worth US$ 3,006 million, with a partner share of 19.26 percent.
  3. Sri Lanka imports from United Arab Emirates worth US$ 889 million, with a partner share of 5.70 percent.
  4. Sri Lanka imports from Malaysia worth US$ 634 million, with a partner share of 4.07 percent.
  5. Sri Lanka imports from Singapore worth US$ 617 million, with a partner share of 3.96 percent.

Sri Lanka Top 5 Productsexports imports at HS 6 digit level 2020

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$ 717,826.89 million.
  2. Sri Lanka exported Black tea (fermented) and partly fermented tea , worth US$ 563,504.19 million.
  3. Sri Lanka exported Brassieres , worth US$ 497,350.81 million.
  4. Sri Lanka exported Gloves, impregnated... with plastics or rubber, , worth US$ 314,914.78 million.
  5. Sri Lanka exported Solid... tyres, interchangeable tyre treads and , worth US$ 297,290.85 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$ 1,165,695.29 million.
  2. Sri Lanka imported Petroleum oils and oils obtained from bituminou , worth US$ 404,880.04 million.
  3. Sri Lanka imported Other medicaments of mixed or unmixed products, , worth US$ 384,637.46 million.
  4. Sri Lanka imported Transmission apparatus, for radioteleph incorpo , worth US$ 383,104.96 million.
  5. Sri Lanka imported Spelt, common wheat and meslin , worth US$ 366,034.71 million.

Exports and Imports of Product Groups 2020

Exports and imports of products by stages of processing in 2020 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2020

Tariffs imposed by Sri Lanka in 2020 are below

  • The maximum rate of tariff in percentage on any product was 809.31 percent.
  • The simple average tariff across all products was 8.84 percent.
  • The trade weighted average tariff was 6.28 .
  • The total duty free imports in thousands of US dollars were 9,374,947.94 and duty free tariff line items share was 55.11 percent.

Development Indicators 2020

Key Development Indicators of Sri Lanka in 2020 are below

  • Sri Lanka GDP in current US dollar was 84,441 million.
  • GNI per capita, Atlas method (current US$) was 3,880.00 .
  • Sri Lanka Trade balance: as % of GDP was -6.16.
  • Trade balance in current US$ was -5,205.00 million.
  • Trade as percentage of GDP was 37.03 .
  • Trade in services as percentage of GDP was 6.22 .

Trade Indicators 2020

Trade Indicators for Sri Lanka in 2020 are below

  • Hirschman Herfindahl market concentration index was 0.08.
  • Index of export market penetration was 6.41.
  • World Growth in percentage was -3.75 and Sri Lanka Country Growth was -7.00 .