Sri Lanka’s Major Exports and Imports

 

In 2021 Sri Lanka ranked as the 64th economy in the world in terms of GDP (current US$),  number 84 in total exports,  number 85 in total imports and  number 113 economy in terms of GDP per capita. In 2021 the value of Sri Lanka’s total exports to the world amounted to USD 12.25Bn while Sri Lanka  imported USD 20.05 Bn worth goods resulting in a negative trade balance of USD -7.8Bn during the period.

Exports

 Top 10 exports  in 2021

  • Textile and garments products
  • Tea
  • Rubber products
  • Food, beverage & tobacco
  • Petroleum
  • Machinery and mechanical appliances
  • Spices
  • Coconut
  • Gems, diamonds & Jewellery
  • Seafood

Main export destinations in 2021 were United State, United Kingdom, India, Germany, Italy, the Netherlands (Holand), Belgium ,Canada, United Arab Emirates and China.

 

 Imports

Sri Lanka ranked as  the number 85 trade destination in the world. During the last five years  import value  has slightly declined   by US$ 1.27 Bn. from US$ 21.32 Bn in 2017 to US$ 20.05Bn in 2021.

 Top 10 imports of Sri Lanka in 2021

  • Fuel
  • Textiles & textile articles
  • Machinery and equipment
  • Food & beverages
  • Building materials
  • Chemical products
  • Medical and Pharmaceuticals
  • Base metals
  • Plastics & Articles thereof
  • Paper & paperboard & articles thereof

Major exporting countries to Sri Lanka are China, India, United Arab Emirates, Malaysia, Singapore, United State, Indonesia, Taiwan, Japan and Vietnam.

 

 

 

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Tariff & Other Taxes Update Table

Types of Tariff and other taxes

Issued date

GEN

23/04/2021

Preferential Import Duty

23/04/2021

PAL

02/09/2020

CESS

16/03/2021

VAT

01/12/2019

Excise

23/04/2021

SCL

27/04/2021

DWV 17/09/2020

 

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