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Sri Lanka

Sri Lanka Flag

In 2017, Sri Lanka GDP was an estimated $87.6 billion (current market exchange rates); real GDP was up by an estimated 3.1%; and the population was 21 million. (Source: IMF)

Sri Lanka is currently our 70th largest goods trading partner with $3.2 billion in total (two way) goods trade during 2017. Goods exports totaled $336 million; goods imports totaled $2.9 billion. The U.S. goods trade deficit with Sri Lanka was $2.5 billion in 2017.

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' 112th largest goods export market in 2017.

U.S. goods exports to Sri Lanka in 2017 were $336 million, down 8.6% ($32 million) from 2016 but up 48.0% from 2007. 

The top export categories (2-digit HS) in 2017 were: food waste, animal feed ($60 million), cereals (wheat, meslin) ($27 million), machinery ($26 million), optical and medical instruments ($22 million), and electrical machinery ($21 million).

U.S. total exports of agricultural products to Sri Lanka totaled $134 million in 2017. Leading domestic export categories include: soybean meal ($57 million), wheat ($27 million), dairy products ($10 million), distillers grains ($7 million), and fresh fruit ($5 million).

Imports

Sri Lanka was the United States' 62nd largest supplier of goods imports in 2017.

U.S. goods imports from Sri Lanka totaled $2.9 billion in 2017, up 2.7% ($76 million) from 2016, and up 38.4% from 2007. 

The top import categories (2-digit HS) in 2017 were: knit apparel ($1.1 billion), woven apparel ($880 million), rubber ($258 million), precious metal and stone (other stones not strung) ($109 million), and coffee, tea & spice ($77 million).

U.S. total imports of agricultural products from Sri Lanka totaled $195 million in 2017. Leading categories include: tea, including herb ($40 million), spices ($40 million), tropical oils ($24 million), tree nuts ($23 million), and essential oils ($17 million).

Trade Balance

The U.S. goods trade deficit with Sri Lanka was $2.5 billion in 2017, a 4.5% increase ($108 million) over 2016.

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, 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

2007

2012

2013

2014

2015

2016

2017

Total

1,538.8

2,206.6

2,292.2

2,481.2

2,763.3

3,029.1

3,253.1

3,149.7

3,194.2

Exports

279.1

204.7

227.1

224.0

311.9

350.6

361.9

367.9

336.3

Imports

1,259.7

2,001.9

2,065.1

2,257.3

2,451.4

2,678.4

2,891.1

2,781.8

2,857.9

Balance

-980.5

-1,797.2

-1,837.9

-2,033.3

-2,139.4

-2,327.8

-2,529.2

-2,413.9

-2,521.7

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

 

1995

2000

2007

2012

2013

2014

2015

2016

2017

Total

189.1

85.9

129.0

138.0

224.6

256.2

315.2

286.8

328.6

Exports

156.5

55.9

72.6

45.4

127.0

130.4

139.8

117.6

133.6

Imports

32.6

30.0

56.4

92.6

97.6

125.8

175.4

169.3

195.0

Balance

123.8

25.9

16.2

-47.1

29.4

4.6

-35.6

-51.7

-61.3

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

 

1995

2000

2007

2012

2013

2014

2015

2016

2017

Total

NA

2,110.0

2,175.9

2,376.0

2,601.3

2,873.2

3,102.2

3,007.6

3,031.3

Exports

NA

146.5

170.2

192.9

231.9

285.7

301.5

323.0

280.0

Imports

NA

1,963.5

2,005.7

2,183.1

2,369.5

2,587.5

2,800.7

2,684.6

2,751.3

Balance

NA

-1,817.0

-1,835.5

-1,990.1

-2,137.6

-2,301.9

-2,499.2

-2,361.6

-2,471.4

 

Last updated: July 31, 2018