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Sri Lanka

In 2018, Sri Lanka GDP was an estimated $88.2 billion (current market exchange rates); real GDP was up by an estimated 3.0%; and the population was 22 million. (Source: IMF)

Sri Lanka is currently our 74th largest goods trading partner with $3.0 billion in total (two way) goods trade during 2018. Goods exports totaled $372 million; goods imports totaled $2.7 billion. The U.S. goods trade deficit with Sri Lanka was $2.3 billion in 2018.

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' 108th largest goods export market in 2018.
     
  • U.S. goods exports to Sri Lanka in 2018 were $372 million, up 10.7% ($36 million) from 2017 and up 31.4% from 2008. 
     
  • The top export categories (2-digit HS) in 2018 were: food waste, animal feed ($75 million), cereals (wheat, meslin) ($28 million), plastics ($25 million), machinery ($25 million), and optical and medical instruments ($25 million).
     
  • U.S. total exports of agricultural products to Sri Lanka totaled $146 million in 2018. Leading domestic export categories include: soybean meal ($71 million), wheat ($28 million), dairy products ($8 million), other feeds & fodders ($8 million), and fresh fruit ($5 million).

Imports

  • Sri Lanka was the United States' 62nd largest supplier of goods imports in 2018.
     
  • U.S. goods imports from Sri Lanka totaled $2.7 billion in 2018, down 6.4% ($182 million) from 2017, but up 36.4% from 2008. 
     
  • The top import categories (2-digit HS) in 2018 were: knit apparel ($940 million), woven apparel ($811 million), rubber ($258 million), precious metal and stone (other stones, not strung) ($97 million), and coffee, tea & spice (tea) ($77 million).
     
  • U.S. total imports of agricultural products from Sri Lanka totaled $196 million in 2018. Leading categories include: tea, including herb ($46 million), spices ($35 million), tropical oils ($22 million), tree nuts ($21 million), and essential oils ($17 million).

Trade Balance

  • The U.S. goods trade deficit with Sri Lanka was $2.3 billion in 2018, a 8.6% decrease ($217 million) over 2017.

Investment

  • U.S. foreign direct investment (FDI) in Sri Lanka (stock) was $168 million in 2017, a 7.7% increase from 2016. There is no information on the distribution of U.S. FDI in Sri Lanka.
     
  • Sri Lanka's FDI in the United States (stock) was $53 million in 2017 (latest data available), down 25.4% from 2016. There is no information on the distribution of Sri Lanka FDI in the U.S.

NOTE: No services trade data with Sri Lanka are available.

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

 

1995

2000

2008

2013

2014

2015

2016

2017

2018

Total

1,538.8

2,206.6

2,245.2

2,763.3

3,029.1

3,253.1

3,149.7

3,194.2

3,048.5

Exports

279.1

204.7

283.3

311.9

350.6

361.9

367.9

336.3

372.2

Imports

1,259.7

2,001.9

1,961.9

2,451.4

2,678.4

2,891.1

2,781.8

2,857.9

2,676.4

Balance

-980.5

-1,797.2

-1,678.7

-2,139.4

-2,327.8

-2,529.2

-2,413.9

-2,521.7

-2,304.2

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

 

1995

2000

2008

2013

2014

2015

2016

2017

2018

Total

189.1

85.9

130.2

224.6

256.2

315.2

286.8

328.7

342.7

Exports

156.5

55.9

66.6

127.0

130.4

139.8

117.6

133.6

146.3

Imports

32.6

30.0

63.6

97.6

125.8

175.4

169.3

195.0

196.5

Balance

123.8

25.9

3.0

29.4

4.6

-35.6

-51.7

-61.4

-50.2

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

 

1995

2000

2008

2013

2014

2015

2016

2017

2018

Total

NA

2,110.0

2,139.7

2,601.3

2,873.2

3,102.2

3,007.6

3,031.3

2,886.1

Exports

NA

146.5

237.8

231.9

285.7

301.5

323.0

280.0

315.6

Imports

NA

1,963.5

1,901.9

2,369.5

2,587.5

2,800.7

2,684.6

2,751.3

2,570.5

Balance

NA

-1,817.0

-1,664.1

-2,137.6

-2,301.9

-2,499.2

-2,361.6

-2,471.4

-2,254.9

Last updated: March 26, 2019