Sri Lanka Trade Profile 2020

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Sri Lanka

GDP (million current US$, 2020) 80 700 Rank in world trade, 2020 Exports Imports
GDP per capita (US$, 2018-2020) 3 862 Merchandise 86 80
Current account balance (% GDP, 2020) -1.4 excluding intra-EU trade 62 56
Trade per capita (US$, 2018-2020) 935 Commercial services 84 81
Trade (% GDP, 2018-2020) 24.2 excluding intra-EU trade 58 56

MERCHANDISE TRADE
Value Annual percentage change
Million US$ 2020 2010-2020 2019 2020
Merchandise exports, f.o.b. 10 047 2 0 -16
Merchandise imports, c.i.f. 16 055 2 -10 -19
2020 2020
Share in world total exports (%) 0.06 Share in world total imports (%) 0.09
Breakdown in economy's total exports Breakdown in economy's total imports
By main commodity group, % (2019) By main commodity group, % (2019)

Agricultural products: 25.9 Fuels and mining products: 3.5 Agricultural products: 13.2 Fuels and mining products: 18.6
Manufactures: 69.2 Other: 1.4 Manufactures: 65.8 Other: 2.3

By main destination, % (2020) By main origin, % (2020)

United States of America: 24.8 European Union: 22.9 China: 22.9 India: 19.3
United Kingdom: 8.9 India: 6.1 European Union: 8.2 United Arab Emirates: 5.7
China: 2.4 Other: 34.9 Malaysia: 4.1 Other: 39.8

Agricultural Products
Value Value
Top exported products (Million US$) 2020 . Top imported products (Million US$) 2020
HS0902 Tea 1 330 HS1001 Wheat and meslin 366
HS0906 Cinnamon and cinnamon-tree flowers 216 HS0402 Milk and cream, concentrated 316
HS2008 Plants' parts otherwise preserved 177 HS1701 Cane or beet sugar 265
HS0801 Coconuts, Brazil nuts, cashew nuts 92 HS0713 Dried leguminous vegetables 159
HS2309 Preparations of a kind used in animal feeding 85 HS0703 Onions, shallots, garlic, leeks 149
Share in economy's trade in agricultural products
Exports Imports
0% 20% 40% 60% 0% 10% 20% Value Annual percentage change
Million US$ 2020 2010-2020 2019 2020
HS0902 HS1001 Exports 2 704 3 na 5
HS0906 HS0402 Imports 2 321 3 na 10
HS2008 HS1701
HS0801 HS0713
HS2309 HS0703

Non-Agricultural Products
Value Value
Top exported products (Million US$) 2020 Top imported products (Million US$) 2020
HS6212 Brassières, girdles, corsets 501 HS2710 Petroleum oils, other than crude 1 166
HS6108 Women's or girls' slips, petticoats 496 HS3004 Medicaments in measured doses 419
HS6204 Women's or girls' suits 434 HS2709 Petroleum oils, crude 405
HS6104 Women's or girls' suits, ensembles 430 HS8525 Radio-telephony transmission tools 394
HS6109 T-shirts, singlets and other vests 404 HS6006 Other knitted or crocheted fabrics 392
Share in economy's trade in non-agricultural products
Exports Imports
0% 5% 10% 0% 5% 10% Value Annual percentage change
Million US$ 2020 2010-2020 2019 2020
HS6212 HS2710 Exports 8 003 3 na -15
HS6108 HS3004 Imports 13 286 2 na -23
HS6204 HS2709
HS6104 HS8525
HS6109 HS6006
TRADE IN COMMERCIAL SERVICES
Value Annual percentage change
Million US$ 2020 2010-2020 2019 2020
Commercial services exports 3 009 2 -11 -60
Commercial services imports 3 914 -1 -3 -40
2020 2020
Share in world total exports (%) 0.06 Share in world total imports (%) 0.09
Breakdown in economy's total exports Breakdown in economy's total imports
By main services item, % (2020) By main services item, % (2020)

Transport: 39 Travel: 22.7 Transport: 68.1 Travel: 11.5


Other commercial services: 38.3 Goods-related services: 0 Other commercial services: 20.4 Goods-related services: 0

By main destination By main origin

Value Annual percentage change


FATS sales 2020 2010-2020 2019 2020
Inward (million US$) na na na na
Outward (million US$) na na na na

Transport
Sri Lanka World Value Annual percentage change
300 Million US$ 2020 2010-2020 2019 2020
Exports 1 174 0 -6 -50
200
Imports 2 667 -2 -6 -24
100
Exports Value Share (%) Imports Value Share (%)
0 By sea (2020) 702 59.8 By sea (2020) 1 599 59.9
2010 2013 2016 2020
By air (2020) 472 40.2 By air (2020) 1 068 40.1
Transport exports (Index 2010=100) By other na na By other na na

Travel
Sri Lanka World
800 Value Annual percentage change
700
600 Million US$ 2020 2010-2020 2019 2020
500 Exports 682 2 -18 -81
400
300 Imports 449 0 -1 -73
200
100
0
2010 2013 2016 2020
Travel exports (Index 2010=100)

Other Commercial Services and Goods-related Services


Exports of OCS by main item (2020) Million US$ Value Annual percentage change
2020 2010-2020 2019 2020
3.4 2.0 Other commercial services
8.3 ICTs Exports 1 153 5 2 -24
Imports 798 1 3 -43
Financial services

Insurance & pension 2020 2010-2020 2019 2020


86.3 Goods-related services
Other Exports na na na na
Imports na na na na

INDUSTRIAL PROPERTY
Patent applications, 2019 Trademark applications, 2019 Industrial design applications, 2019
Residents Non-residents Total Residents Non-residents Total Residents Non-residents Total
356 255 611 6 676 3 709 10 385 480 66 546

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