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Sri Lanka

Sri Lanka Flag

In 2016, Sri Lanka GDP was an estimated $82.2 billion (current market exchange rates); real GDP was up by an estimated 5.0%; and the population was 21 million. (Source: IMF)

Sri Lanka is currently our 66th largest goods trading partner with $3.2 billion in total (two way) goods trade during 2016. Goods exports totaled $369 million; goods imports totaled $2.8 billion. The U.S. goods trade deficit with Sri Lanka was $2.4 billion in 2016.

According to the Department of Commerce, U.S. exports of goods to Sri Lanka supported an estimated 2 thousand jobs in 2015 (latest data available).

Exports

Sri Lanka was the United States' 102nd largest goods export market in 2016.

U.S. goods exports to Sri Lanka in 2016 were $369 million, up 1.9% ($7 million) from 2015 and up 55.9% from 2006. 

The top export categories (2-digit HS) in 2016 were: machinery ($46 million), food waste, animal feed ($44 million), optical and medical instruments ($27 million), electrical machinery ($24 million), and plastics ($23 million).

U.S. total exports of agricultural products to Sri Lanka totaled $118 million in 2016. Leading domestic export categories include: soybean meal ($59 million), dairy products ($12 million), wheat ($12 million), fresh fruit ($5 million), and planting seeds ($4 million).

Imports

Sri Lanka was the United States' 62nd largest supplier of goods imports in 2016.

U.S. goods imports from Sri Lanka totaled $2.8 billion in 2016, down 3.6% ($103 million) from 2015, but up 29.9% from 2006. 

The top import categories (2-digit HS) in 2016 were: knit apparel ($1.1 billion), woven apparel ($869 million), rubber ($247 million), precious metal and stone (other stones not strung) ($89 million), and coffee, tea & spice (tea) ($65 million).

U.S. total imports of agricultural products from Sri Lanka totaled $170 million in 2016. Leading categories include: tea, incl herb ($38 million), tropical oils ($32 million), spices ($29 million), tree nuts ($19 million), and essential oils ($13 million).

 Trade Balance

  • The U.S. goods trade deficit with Sri Lanka was $2.4 billion in 2016, a 4.3% decrease ($110 million) over 2015.

Investment

U.S. foreign direct investment (FDI) in Sri Lanka (stock) was $111 million in 2015 (latest data available), unchanged from 2014. There is no information on the distribution of U.S. FDI in Sri Lanka.

Sri Lanka's FDI in the United States (stock) was $57 million in 2015 (latest data available), up 35.7% from 2014. The distribution of Sri Lanka's FDI in the United States is not available.

 

U.S. Goods Trade with Sri Lanka (in millions of dollars)

 

1995

2000

2006

2011

2012

2013

2014

2015

2016

Total

1,538.8

2,206.6

2,382.2

2,389.3

2,481.2

2,763.3

3,029.0

3,251.8

3,155.9

Exports

279.1

204.7

236.6

303.5

224.0

311.9

350.6

361.9

368.9

Imports

1,259.7

2,001.9

2,145.5

2,085.8

2,257.3

2,451.4

2,678.4

2,889.9

2,787.0

Balance

-980.5

-1,797.2

-1,908.9

-1,782.2

-2,033.3

-2,139.4

-2,327.8

-2,528.0

-2,418.2

U.S. Agricultural Trade with Sri Lanka (in millions of dollars)

 

 

 

2006

2011

2012

2013

2014

2015

2016

 

 

Total

68.2

192.1

138.0

224.6

256.2

315.2

287.6

 

 

Exports

16.4

94.9

45.4

127.0

130.4

139.8

117.6

 

 

Imports

51.9

97.2

92.6

97.6

125.8

175.4

170.0

 

 

Balance

-35.5

-2.3

-47.1

29.4

4.6

-35.6

-52.4

U.S. Manufacturing Trade with Sri Lanka (in millions of dollars)

 

 

 

2006

2011

2012

2013

2014

2015

2016

 

 

Total

2,312.7

2,245.0

2,376.0

2,601.3

2,873.1

3,101.0

3,013.8

 

 

Exports

222.6

222.8

192.9

231.9

285.7

301.5

324.0

 

 

Imports

2,090.1

2,022.2

2,183.1

2,369.5

2,587.5

2,799.5

2,689.7

 

 

Balance

-1,867.5

-1,799.4

-1,990.1

-2,137.6

-2,301.8

-2,498.0

-2,365.7

 

Last updated: February 16, 2017

 


*NOTE: No services trade data with Sri Lanka is available.