2.1 New provisions announced in the year 2022 2.2 Improving the Imports and Exports policy of Sri Lanka 2.3 Issuance of Imports Exports Licenses 2.4 Data review of licenses issued in the last 5 years 2.5 Payment terms and orders of Imports and Exports 2.6 Inquiry Point 35 Chapter 3 - Overall Finacial Performance of the Year 36
Overview The merchandise trade balance recorded a surplus in June 2022 for the first time since August 2002, reflecting the impact of historically high monthly export earnings and the continued decline in import expenditure.
GDP of Sri Lanka is 88,496,535,599.36 in current US$. Sri Lanka services export is 2,474,954,538.70 in BoP, current US$ and services import is 888,616,000 in Bop, current US$.Sri Lanka exports of goods and services as percentage of GDP is 16.93% and imports of goods and services as percentage of GDP is 24.33%.
Imports structure to Sri Lanka in 2022 represented by the following main commodity groups: 22% (3.98 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; 6.02% (1.05 billion US$): 60 - Knitted or crocheted fabrics 5.87% (1.03 billion US$): 84 -
The main objective of this publication is to provide trade statistics with ready-to-use reference guide on the details of export and import statistics to national and international users. The publication includes data aggregation and data compilation both at national and international levels.
Terms of Trade: Terms of trade, i.e., the ratio of the price of exports to the price of imports, deteriorated by 9.0 per cent in August 2022, compared to August 2021, as the increase in import prices surpassed the increase in export prices. Figure 1: Major Contributory Factors for the Y-o-Y decline in the Trade Deficit
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Merchandise Trade summary statistics data for Sri Lanka (LKA) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, along with development indicators from WDI such as GDP, GNI per capita, trade balance and trade as percentage of GDP for year The data reached an all-time high of 19.961 USD bn in 2022 and a record low of 8.094 USD bn in 2010. CBSL Forecast: Exports data remains active status in CEIC and is reported by Central Bank of Sri Lanka. The data is categorized under Global Database's Sri Lanka - Table LK.JA002: Trade Statistics: Forecast. Last. Frequency. Range. 19,961. Sri Lanka's economy has been hit hard by multiple crises, leading to a debt default and severe economic shock in 2022. This resulted in a deep recession in 2022 (-7.8 per cent GDP growth rate) and while some signs of stabilization are evident later in 2023, the crisis continues to hit the economy hard, especially MSMEs. Total Imports '000 MT 260 277 6.7 365 320 (12.2) Cement 2021 2022 (a) Greater Colombo Housing Approvals Index (b) 1995 = 100 Quarter 1 83.0 133.3 Year 2020 2021 2022 Item Unit 2020 2021 (a) Y-o-Y Change (%) 60.6 Quarter 2 40.7 61.9 Central Bank of Sri Lanka 2022 2022 Labor Force Environment Crime Immigration Other Trade Balance Trade to GDP Ratio Exports Imports Foreign Direct Investment Tariff Rates Tourism Statistics Imports of goods and services represent the value of all goods and other market services received from the rest of the world.
Top Export (2021) Tea $1.34B. Top Destination (2021) United States $3.21B. In 2021, Sri Lanka exported a total of $14.1B, making it the number 83 exporter in the world. During the last five reported years the exports of Sri Lanka have changed by $2.88B from $11.2B in 2016 to $14.1B in 2021.
The Industrial and Construction Statistics Division of the Department of Census and Statistics compiles the following information annually based on the data of Sri Lanka Customs and Central bank of Sri Lanka. Total imports by value, country of origin and major groups such as Consumer Goods, Intermediate Goods and Investment Goods.
1. Macro-Economic Overview in Sri Lanka (2000-2022) 1.1 Performance of International Trade Figure1.1: Performance of International Trade Source: Central Bank of Sri Lanka, Different Years Figure 1.1 represents the exports and import performance in Sri Lanka during the last two decades.
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