Sri Lanka - EXIM

Sri Lanka is the 81st largest export economy in the world and the 115th most complex economy. In 2015, Sri Lanka exported $10.4B and imported $19B, resulting in a negative trade balance of $9.2B. In 2015 the GDP of Sri Lanka was $82.3B and its GDP per capita was $11.8k.

In 2015 Sri Lanka exported $10.4B, making it the 81st largest exporter in the world. During the last five years the exports of Sri Lanka have increased at an annualized rate of 5.4%, from $8.52B in 2010 to $10.4B in 2015. The most recent exports are led by Tea which represent 10.4% of the total exports of Sri Lanka. Exports in Sri Lanka decreased 1.1 percent year-on-year to 888.80 USD Million in January of 2017.

Sri Lanka exports mostly textiles and garments and tea. Others include: spices, gems, coconut products, rubber and fish. Main export partners are United States, United Kingdom, Germany, Belgium and Italy.

In 2015 Sri Lanka imported $19B, making it the 74th largest importer in the world. During the last five years the imports of Sri Lanka have increased at an annualized rate of 9.4%, from $13.1B in 2010 to $21B in 2015. The most recent imports are led by Planes, Helicopters, and/or Spacecraft which represent 9.8% of the total imports of Sri Lanka, followed by Refined Petroleum, which account for 7.18%.

Sri Lanka’s Top 10 Imports

Sri Lankan imports amounted to US$19 billion in 2015, down -3.7% since 2011 and down -1.4% from 2014 to 2015. Sri Lanka’s top 10 imports accounted for almost three-fifths (59%) of the overall value of its product purchases from other countries.

Sri Lankan imports represent well under 1%, a mere 0.1% of total global imports which totaled $16.548 trillion in 2015.

80.2% of Sri Lanka’s total imports by value in 2015 were purchased from other Asian countries. European Union trade partners supplied 9.5% of import sales to Sri Lanka while 4.1% worth of goods originated from North America. A smaller percentage came from exporters in Latin America (excluding Mexico) and the Caribbean.

Given Sri Lanka’s population of 22.1 million people, its total $19 billion in 2015 imports translates to roughly $860 in yearly product demand from every person in the country.