IRON & STEEL
EXPORTS FROM SRI LANKA Rs. 8.56 Bn
IMPORTS TO SRI LANKA Rs. 875.10 Bn
BALANCE OF TRADE Rs. -866.54 Bn
Sri Lanka is the 87th largest export economy in the world and the 115th most complex economy according to the Economic Complexity Index (ECI). In 2014, Sri Lanka exported $11.5B and imported $21.4B, resulting in a negative trade balance of $9.8B. In 2014 the GDP of Sri Lanka was $78.8B and its GDP per capita was $11.1k. The top exports of Sri Lanka are Tea ($1.38B), Non-Knit Women's Suits ($594M), Other Women's Undergarments ($580M), Knit Women's Undergarments ($536M) and Knit Women's Suits ($475M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($2.58B), Planes, Helicopters, and/or Spacecraft ($2.28B), Crude Petroleum ($1.23B), Cars ($800M) and Light Rubberized Knitted Fabric ($592M).
The top export destinations of Sri Lanka are the United States ($2.54B), the United Kingdom ($1.21B), India ($657M), Germany ($644M) and Italy ($565M). The top import origins are India ($5.89B), China ($3.37B), the United Arab Emirates ($1.62B), Singapore ($1.3B) and Japan ($955M). Sri Lanka is an island and borders India and Maldives by sea.
In 2014 Sri Lanka exported $11.5B, making it the 87th largest exporter in the world. During the last five years the exports of Sri Lanka have increased at an annualized rate of 8.9%, from $7.55B in 2009 to $11.5B in 2014. The most recent exports are led by Tea which represent 12% of the total exports of Sri Lanka, followed by Non-Knit Women's Suits, which account for 5.15%.
In 2014 Sri Lanka imported $21.4B, 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 16.8%, from $9.8B in 2009 to $21.4B in 2014. The most recent imports are led by Refined Petroleum which represent 12.1% of the total imports of Sri Lanka, followed by Planes, Helicopters, and/or Spacecraft, which account for 10.7%.