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Sri Lanka Trade Summary

2021

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 2021

Overall Exports and Imports for Sri Lanka 2021

Exports and imports of Sri Lanka in 2021 are below, along with number of countries and products

  • The total value of exports (FoB) was 13,331 million.
  • The total value of imports (CIF) was 21,502 million.
  • At the HS6 digit level, 2,995 products were exported to 196 countries and 4,145 products were imported from 192 countries.

Sri Lanka top 5 Export and Import partners 2021

Top five countries to which Sri Lanka exported in 2021 are below, along with the percent of total exports that went to that country:

  1. Sri Lanka exports to United States worth US$ 3,299 million, with a partner share of 24.75 percent.
  2. Sri Lanka exports to United Kingdom worth US$ 1,003 million, with a partner share of 7.52 percent.
  3. Sri Lanka exports to India worth US$ 891 million, with a partner share of 6.69 percent.
  4. Sri Lanka exports to Germany worth US$ 811 million, with a partner share of 6.09 percent.
  5. Sri Lanka exports to Italy worth US$ 623 million, with a partner share of 4.67 percent.

Top five countries from which Sri Lanka imported goods in 2021 are below, along with percent of total imports that came from the country :

  1. Sri Lanka imports from China worth US$ 5,098 million, with a partner share of 23.71 percent.
  2. Sri Lanka imports from India worth US$ 4,741 million, with a partner share of 22.05 percent.
  3. Sri Lanka imports from United Arab Emirates worth US$ 1,409 million, with a partner share of 6.55 percent.
  4. Sri Lanka imports from Malaysia worth US$ 825 million, with a partner share of 3.84 percent.
  5. Sri Lanka imports from Singapore worth US$ 776 million, with a partner share of 3.61 percent.

Sri Lanka Top 5 Productsexports imports at HS 6 digit level 2021

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 720,825.34 (US$ Thousands).
  2. Sri Lanka exported Brassieres , worth 684,152.95 (US$ Thousands).
  3. Sri Lanka exported Black tea (fermented) and partly fermented tea , worth 614,794.40 (US$ Thousands).
  4. Sri Lanka exported Solid... tyres, interchangeable tyre treads and , worth 438,922.86 (US$ Thousands).
  5. Sri Lanka exported Gloves, impregnated... with plastics or rubber, , worth 401,473.85 (US$ Thousands).

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 2,131,777.09 (US$ Thousands).
  2. Sri Lanka imported Transmission apparatus, for radioteleph incorpo , worth 607,248.38 (US$ Thousands).
  3. Sri Lanka imported Semi-fin prod,i/nas,rect/sq cross-sect cntg by , worth 514,490.93 (US$ Thousands).
  4. Sri Lanka imported Petroleum oils and oils obtained from bituminou , worth 489,548.99 (US$ Thousands).
  5. Sri Lanka imported Knitted or crocheted fabrics, >30cm wide, >=5% , worth 475,091.88 (US$ Thousands).

Exports and Imports of Product Groups 2021

Exports and imports of products by stages of processing in 2021 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2021

Tariffs imposed by Sri Lanka in 2021 are below

  • The maximum rate of tariff in percentage on any product was 679.86 percent.
  • The simple average tariff across all products was 5.73 percent.
  • The trade weighted average tariff was 4.36 .
  • The total duty free imports in thousands of US dollars were 13,553,825.22 and duty free tariff line items share was 58.21 percent.

Development Indicators 2021

Key Development Indicators of Sri Lanka in 2021 are below

  • Sri Lanka GDP in current US dollar was 88,497 million.
  • GNI per capita, Atlas method (current US$) was 4,000.00 .
  • Sri Lanka Trade balance: as % of GDP was -7.39.
  • Trade balance in current US$ was -6,542.00 million.
  • Trade as percentage of GDP was 41.26 .
  • Trade in services as percentage of GDP was 3.80 .

Trade Indicators 2021

Trade Indicators for Sri Lanka in 2021 are below

  • Hirschman Herfindahl market concentration index was 0.07.
  • Index of export market penetration was 6.84.
  • World Growth in percentage was 12.50 and Sri Lanka Country Growth was 11.61 .