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Sri Lanka Trade Summary

2022

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 2022

Overall Exports and Imports for Sri Lanka 2022

Exports and imports of Sri Lanka in 2022 are below, along with number of countries and products

  • The total value of exports (FoB) was 13,592 million.
  • The total value of imports (CIF) was 17,560 million.
  • At the HS6 digit level, 2,951 products were exported to 193 countries and 4,115 products were imported from 192 countries.

Sri Lanka top 5 Export and Import partners 2022

Top five countries to which Sri Lanka exported in 2022 are below, along with the percent of total exports that went to that country:

  1. Sri Lanka exports to United States worth US$ 3,467 million, with a partner share of 25.51 percent.
  2. Sri Lanka exports to United Kingdom worth US$ 1,011 million, with a partner share of 7.44 percent.
  3. Sri Lanka exports to India worth US$ 913 million, with a partner share of 6.71 percent.
  4. Sri Lanka exports to Germany worth US$ 784 million, with a partner share of 5.77 percent.
  5. Sri Lanka exports to Italy worth US$ 677 million, with a partner share of 4.98 percent.

Top five countries from which Sri Lanka imported goods in 2022 are below, along with percent of total imports that came from the country :

  1. Sri Lanka imports from India worth US$ 4,627 million, with a partner share of 26.35 percent.
  2. Sri Lanka imports from China worth US$ 3,519 million, with a partner share of 20.04 percent.
  3. Sri Lanka imports from United Arab Emirates worth US$ 961 million, with a partner share of 5.47 percent.
  4. Sri Lanka imports from Malaysia worth US$ 909 million, with a partner share of 5.18 percent.
  5. Sri Lanka imports from Singapore worth US$ 743 million, with a partner share of 4.23 percent.

Sri Lanka Top 5 Productsexports imports at HS 6 digit level 2022

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 678,102.62 (US$ Thousands).
  2. Sri Lanka exported Brassieres , worth 648,132.45 (US$ Thousands).
  3. Sri Lanka exported Black tea (fermented) and partly fermented tea , worth 574,161.52 (US$ Thousands).
  4. Sri Lanka exported Solid... tyres, interchangeable tyre treads and , worth 445,086.99 (US$ Thousands).
  5. Sri Lanka exported T-shirts, singlets, etc, of other textiles, nes , worth 403,803.70 (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 2,990,668.91 (US$ Thousands).
  2. Sri Lanka imported Knitted or crocheted fabrics, >30cm wide, >=5% , worth 422,038.31 (US$ Thousands).
  3. Sri Lanka imported Petroleum oils and oils obtained from bituminou , worth 389,194.69 (US$ Thousands).
  4. Sri Lanka imported Other medicaments of mixed or unmixed products, , worth 332,965.52 (US$ Thousands).
  5. Sri Lanka imported Semi-milled or wholly milled rice , worth 283,246.41 (US$ Thousands).

Exports and Imports of Product Groups 2022

Exports and imports of products by stages of processing in 2022 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2022

Tariffs imposed by Sri Lanka in 2022 are below

  • The maximum rate of tariff in percentage on any product was not available percent.
  • The simple average tariff across all products was not available percent.
  • The trade weighted average tariff was not available .
  • The total duty free imports in thousands of US dollars were not available and duty free tariff line items share was not available percent.

Development Indicators 2022

Key Development Indicators of Sri Lanka in 2022 are below

  • Sri Lanka GDP in current US dollar was 74,404 million.
  • GNI per capita, Atlas method (current US$) was 3,610.00 .
  • Sri Lanka Trade balance: as % of GDP was -3.55.
  • Trade balance in current US$ was -2,642.00 million.
  • Trade as percentage of GDP was 46.52 .
  • Trade in services as percentage of GDP was 5.40 .

Trade Indicators 2022

Trade Indicators for Sri Lanka in 2022 are below

  • Hirschman Herfindahl market concentration index was 0.09.
  • Index of export market penetration was 6.93.
  • World Growth in percentage was 5.18 and Sri Lanka Country Growth was 3.44 .