IRON & STEEL
EXPORTS FROM SRI LANKA Rs. 18.63 Bn
IMPORTS TO SRI LANKA Rs. 1,010.11 Bn
BALANCE OF TRADE Rs. 17.63 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%.