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Sri Lanka Trade Summary

2023

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 2023

Overall Exports and Imports for Sri Lanka 2023

Exports and imports of Sri Lanka in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 12,052 million.
  • The total value of imports (CIF) was 16,386 million.
  • At the HS6 digit level, 2,916 products were exported to 201 countries and 4,101 products were imported from 189 countries.

Sri Lanka top 5 Export and Import partners 2023

Top five countries to which Sri Lanka exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Sri Lanka exports to United States worth US$ 2,791 million, with a partner share of 23.16 percent.
  2. Sri Lanka exports to United Kingdom worth US$ 861 million, with a partner share of 7.14 percent.
  3. Sri Lanka exports to India worth US$ 861 million, with a partner share of 7.14 percent.
  4. Sri Lanka exports to Italy worth US$ 684 million, with a partner share of 5.68 percent.
  5. Sri Lanka exports to Germany worth US$ 604 million, with a partner share of 5.01 percent.

Top five countries from which Sri Lanka imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Sri Lanka imports from India worth US$ 3,192 million, with a partner share of 19.48 percent.
  2. Sri Lanka imports from China worth US$ 3,103 million, with a partner share of 18.94 percent.
  3. Sri Lanka imports from United Arab Emirates worth US$ 1,559 million, with a partner share of 9.51 percent.
  4. Sri Lanka imports from Singapore worth US$ 873 million, with a partner share of 5.33 percent.
  5. Sri Lanka imports from Malaysia worth US$ 741 million, with a partner share of 4.52 percent.

Sri Lanka Top 5 Productsexports imports at HS 6 digit level 2023

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 619,284.29 (US$ Thousands).
  2. Sri Lanka exported Black tea (fermented) and partly fermented tea , worth 614,793.47 (US$ Thousands).
  3. Sri Lanka exported Brassieres , worth 552,191.16 (US$ Thousands).
  4. Sri Lanka exported Solid... tyres, interchangeable tyre treads and , worth 436,067.59 (US$ Thousands).
  5. Sri Lanka exported Petroleum oils, etc, (excl. crude); preparation , worth 380,231.77 (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 2,349,473.69 (US$ Thousands).
  2. Sri Lanka imported Petroleum oils and oils obtained from bituminou , worth 921,231.69 (US$ Thousands).
  3. Sri Lanka imported Other medicaments of mixed or unmixed products, , worth 476,612.02 (US$ Thousands).
  4. Sri Lanka imported Cane or beet sugar, in solid form, nes , worth 424,637.67 (US$ Thousands).
  5. Sri Lanka imported Knitted or crocheted fabrics, >30cm wide, >=5% , worth 307,470.88 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Sri Lanka in 2023 are below

  • The maximum rate of tariff in percentage on any product was 303.66 percent.
  • The simple average tariff across all products was 7.94 percent.
  • The trade weighted average tariff was 5.40 .
  • The total duty free imports in thousands of US dollars were 7,244,167.46 and duty free tariff line items share was 43.05 percent.

Development Indicators 2023

Key Development Indicators of Sri Lanka in 2023 are below

  • Sri Lanka GDP in current US dollar was 83,716 million.
  • GNI per capita, Atlas method (current US$) was 3,530.00 .
  • Sri Lanka Trade balance: as % of GDP was -2.16.
  • Trade balance in current US$ was -1,807.00 million.
  • Trade as percentage of GDP was 43.54 .
  • Trade in services as percentage of GDP was 8.87 .

Trade Indicators 2023

Trade Indicators for Sri Lanka in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.08.
  • Index of export market penetration was 7.08.
  • World Growth in percentage was -3.13 and Sri Lanka Country Growth was -6.48 .