OF SRI LANKA 2020 Preface The Department of Census & Statistics (DCS) publishes 4th bulletin of Economic Statistics of Sri Lanka 2020 which consist of economic indicators of Sri Lanka upto 2019. Sri Lanka - United States Department of State In 2020, goods with a value of around 10.14 billion U.S. dollars were exported from Sri Lanka. Sri Lanka | Exports | ALL COMMODITIES | 2020 The Gross Domestic Product for Sri Lanka for the first quarter of 2020 at current price and constant (2010) price have reached up to Rs.3,845,900 Total population of Sri Lanka 2026; . Sri Lanka's Top 10 Imports 2020 - World's Top Exports During 2020, Sri Lanka lost one-fourth of its reserves. Sri Lanka: Trade Statistics >> globalEDGE: Your source for ... Sri Lanka Exports | 2022 Data | 2023 Forecast | 2002-2021 ... Economic Statistic 2020 - Department of Census and Statistics USA was the largest market for exports from Sri Lanka in 2020 ($ 2.65 billion or 24% of total exports). Other important directions of merchandise exports from Sri Lanka in 2020: 8.92% (956 million) - United Kingdom 6.11% (654 million) - India 5.71% (611 million) - Germany (cumulative exports of commodity group 1209 from Sri Lanka amounted $ in 2019) Exports of commodity group 1209 "Seeds, fruit and spores, of a kind used for sowing." amounted to 0.015% of total exports from Sri Lanka (cumulative merchandise exports from Sri Lanka totalled $ 10.7 billion in 2020). 107, Hunupitiya Lake Road, Colombo 2, Sri Lanka. Ginger Exports Exports from Sri Lanka. The data reached an all-time high of 189.8 % in Apr 2021 and a record low of -64.6 % in Apr 2020. As a result of those, the GDP for the first quarter of 2020 contracted, and is estimated as negative 1.6 percent. In macroeconomic terms, Sri Lanka's total exported goods represent 3.5% of its overall Gross Domestic Product for 2020 ($307 billion valued in Purchasing Power Parity US dollars). For comparison, the world average in 2020 based on 140 countries is 40.38 . Sri Lanka's exports 2020 by country . Represents practically the entire Export Sector. Amid severe impacts of the Covid-19 pandemic, Sri Lanka's merchandise exports remain at US$ 9.9 billion in 2020, which is a 104 % achievement from the revised forecast of US$ 9.5 billion. the total exports, both merchandise and service maintained at us$ 9,693 million during january to september 2020, as against us$ 11,784 million recorded for a similar period in the last year - us$ 17.74 million decline - with a reduced gap, signaling that sri lanka is for a stronger recovery amidst unprecedented global economic downturn, the … Central Bank of Sri Lanka . About F&W. Forbes & Walker was set up in 1881 as a partnership between James Forbes and Chapmen Walker. When analyzing the exports category-wise, exports in all segments ie. The latest value from 2020 is 16.58 percent. Sri Lanka exports for 2019 was $19.42B, a 4.15% decline from 2018. Imports of goods and services (% of GDP) (2020) 22.94%: Trade Partners . The free-market economy of Sri Lanka was worth $84 billion by nominal gross domestic product (GDP) in 2019 and $296.959 billion by purchasing power parity (PPP). Sri Lanka: Export of goods from 2010 to 2020 (in billion U.S. dollars . The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Sri Lanka exports for was $0.00B, a NAN% decline from . The government, in May, slapped temporary import bans on more than 200 products and imposed other restrictions to support. Sri Lanka's export performance in 2019 Author LBO Posted on February 20, 2020 | Economy Feb 20, 2020 (LBO) - Total exports of the country recorded US$ 16.14 Bn in 2019, which comprised of US$ 11.94 Bn Merchandise exports and USD 4.2 Bn of Service exports. Sri Lanka has set an export target of 7.5 billion US dollars for 2020. In addition, our estimates indicate industry, services, and agricultural sectors to have contracted by 7.3%, 1.7% and 1.3% respectively. Download Historical Data. Total Exports (2019) Data Unavailable: Total Imports (2019) . Sri Lanka imports rose 24.3% to USD 1,694 million in October of 2021, underpinned by intermediate goods (38.6%), mainly fuel (72.3%); and capital goods (11.5%) on account of machinery and equipment (12.3%) and building material (18.5%). Sri Lankan imports cost a total US$15.6 billion in 2020, dropping by -20% since 2016. Sri Lanka exports for was $0.00B, a 100% decline from 2020. SLDB auctions, Fed repo facility and SAARC swap facility were used to bolster reserves. Exporters Associations. 2020: SAARC Countries 180 8.11 Doing Business Ranking - 2020: Given Sri Lanka's population of 21.9 million people, its total $10.7 billion in 2020 exports translates to roughly $490 for every resident in the South Asian country. This growth was driven by the growth of non-tradable sectors, which the World Bank warned to be both unsustainable and . Sri Lanka exports for 2020 was $13.38B, a 31.09% decline from 2019. Sri Lanka's trade deficit was an all-time high of $10 billion in 2018. Sri Lanka exports surged 40.4% over a year earlier to an all-time high of USD 1,200 million in October of 2021, mainly due to sales of industrial products (49.3%), in particular textiles and garments (42.5%), food, beverages and tobacco (102.4%), gems, diamonds and jewellery (105.4%), transport equipment (918.2%). (the value of imports of commodity group 7326 to Sri Lanka was equal to $ in 2019) Imports of commodity group 7326 "Other articles of iron or steel." accounted for 0.278% of total import flow to Sri Lanka (in 2020, total imports to Sri Lanka amounted to $ 15.6 billion). The country's exports registered a growth of 1.44% by the end of 2019 compared to 4.1% registered at the end of the year 2018. Sri Lanka Total Exports expanded 40.4 % YoY in Oct 2021, compared with an increase of 3.1 % YoY in the previous month. The total exports, both merchandise and service maintained at US$ 9,693 million during January to September 2020, as against US$ 11,784 million recorded for a similar period in the last year - US$ 17.74 million decline - with a reduced gap, signaling that Sri Lanka is for a stronger recovery amidst unprecedented global economic downturn, the Export Development Board (EDB) said. Over the last 20 years, general government total expenditure of Sri Lanka grew substantially from 386 to 3,220 billion LCU rising at an increasing annual rate that reached a maximum of 22.66% in 2005 and then decreased to 2.96% in 2020. Sri Lanka Total Exports Growth data is updated monthly, available from Jan 1983 to Oct 2021, with an averaged rate of 6.6 %. bulk tea, tea in packets , tea in bags , green tea and instant tea have declined in 2020. Imports in Sri Lanka averaged 1252.01 USD Million from 2001 until 2021, reaching an all time . In addition, for 2020, over USD 6 Bn foreign currency obligations were pending including USD 1 Bn ISB in October. X tonnes of ginger were exported from Sri Lanka; growing by X% compared with the year before. The statistic shows the value of goods exported from Sri Lanka from 2010 to 2020. . Top 10 Export Goods data is not available for Sri Lanka Top 10 Import Goods. The Sri Lanka Apparel Exporters Association, inaugurated in 1982, is the pioneer association for the apparel exporters industry in Sri Lanka. The value of total exports from Sri Lanka was $ 10.7 billion in 2020. Sri Lanka: Exports of goods and services as percent of GDP: For that indicator, we provide data for Sri Lanka from 1960 to 2020. From 2019 to 2020, Sri Lanka's import purchases declined by -19.9% from 2019 to 2020. by Flagpictures.org. Amid severe impacts of the Covid-19 pandemic, Sri Lanka's merchandise exports remain at US$ 9.9 billion in 2020, which is a 104 % achievement from the . * Sri Lanka's Merchandise Exports expected to surpass USD12 billion by the end of 2021 Thu, Dec 23, 2021, 10:20 am SL Time, ColomboPage News Desk, Sri Lanka. Sri Lanka Tea Exports for the period January-December 2020 totalled 265.5 million kgs vis-à-vis 292.6 million kgs of January-December 2019, showing a decline of 27.0 million kgs. ICRA Lanka estimates Sri Lanka's GDP growth rate in 2020 to be -4%. Meanwhile, the Sri Lanka government and the EDB have set new investment and export targets for the year 2020, eyeing USD 2.5 Billion in foreign direct investments and USD 18.5 Billion in export revenue. No. by Flagpictures.org. Also, shipments of agricultural products increased (14.3%), especially rubber . Compare Exports by Country United Nations Comtrade Database The US$ 13.5 billion export target set for merchandise export sectors in early 2020 remains challenging, requiring not only strong efforts from local enterprises, but also the recovery of global demand amid complicated Covid-19 situation. Dec 23, Colombo: Sri Lanka's merchandise exports increased by 55.11% to US$ 1,215.6 Million in November 2021 compared to November 2020 as per the data released by the Sri Lanka Customs. Sri Lanka's export performance in 2019. The Exporters Association of Sri Lanka (EASL) Brought a wide spectrum of export sector, under one umbrella, and a strong platform was built to discuss and make representations on issues affecting the Export Trade more importantly with one voice. 1.17 Minor Export Crops 28 1.18 Paddy 29 1.19 Subsidiary Food Crops 30 . Insights on Sri Lanka's Top 10 Exports Top 10 Advantages Opportunities Companies Imports in Sri Lanka averaged 1252.01 USD Million from 2001 until 2021, reaching an all time . These data could be used for evidance based decisions for economic development of the country . These data could be used for evidance based decisions for economic development of the country . This growth was driven by the growth of non-tradable sectors, which the World Bank warned to be both unsustainable and . Individual Exporters. The free-market economy of Sri Lanka was worth $84 billion by nominal gross domestic product (GDP) in 2019 and $296.959 billion by purchasing power parity (PPP). Prior to the April 21, 2019 Easter Sunday attacks, the tourism industry was rapidly expanding, with Lonely Planet naming Sri Lanka its top travel destination in 2019. Sri Lanka exports for was $0.00B, a NAN% decline from . to Sri Lanka totalled $ 43 million in 2020. Economy at a glance for 2020 A double whammy blow Highlights. Although there is no actual record of the date on which it was established the very first cash book, still in the possession of the Finance Director, indicates the brokerages were earned from 1st August 1881. +94 11 454 2231, +94 11 452 8494 info@jaafsl.com The Service exports include `ICT/BPM, Construction, Financial Services and Transport Services include an estimated figure for the last . As per the Sri Lanka Export Development Board, provisional data the merchandise exports were USD 11.9 billion, up 0.13% and service exports were USD 4.2 billion, up by 5.3% from 2018. The country had experienced an annual growth of 6.4 percent from 2003 to 2012, well above its regional peers. Sri Lankan imports cost a total US$15.6 billion in 2020, dropping by -20% since 2016. Total exports from Sri Lanka increased 4.7 percent to $11.9 billion in 2018 while imports are approximately $22 billion. The country had experienced an annual growth of 6.4 percent from 2003 to 2012, well above its regional peers. In 2020, approx. Sri Lanka: Export of goods from 2010 to 2020 (in billion U.S. dollars) Additional Information ©. Sri Lanka exports for was $0.00B, a 100% decline from 2020. Export growth in 2019 was primarily driven by the increase in exports of textiles and garments." Source: Annual Report (2019) | Central Bank of Sri Lanka Top export destinations of commodities from Sri Lanka in 2020: USA with a share of 24% (2.65 billion US$) United Kingdom with a share of 8.92% (956 million US$) India with a share of 6.11% (654 million US$) Germany with a share of 5.71% (611 million US$) Italy with a share of 4.45% (477 million US$) OF SRI LANKA 2020 Preface The Department of Census & Statistics (DCS) publishes 4th bulletin of Economic Statistics of Sri Lanka 2020 which consist of economic indicators of Sri Lanka upto 2019. Sri Lanka exports mostly textiles and garments (52% of total exports) and tea (17%). Over the period under review, exports saw a mild expansion. Sri Lanka's export economy is dominated by apparel and cash-crop exports, mainly tea, but technology services exports are a significant growth sector. In 2020, general government total expenditure for Sri Lanka was 3,220 billion LCU. Central Bank of Sri Lanka, 30, Janadhipathi Mawatha, Colombo 01, Sri Lanka. Top 10 Import Goods . Traded Goods (at the 2-digit HS Code level) Top 10 Export Goods. Download Historical Data Save as Image Data Source: World Bank On the other hand, imports declined for consumer goods (-7.1%). On the other hand, imports declined for consumer goods (-7.1%). The average value for Sri Lanka during that period was 27.6 percent with a minimum of 16.58 percent in 2020 and a maximum of 39.02 percent in 2000. Feb 20, 2020 (LBO) - Total exports of the country recorded US$ 16.14 Bn in 2019, which comprised of US$ 11.94 Bn Merchandise exports and USD 4.2 Bn of Service exports. The United States is the largest single market for Sri Lankan exports, importing $2.7 billion, while U.S. exports to Sri Lanka were $373 million in 2018. Sri Lanka does not have any Trade Partner data. Sri Lanka imports rose 24.3% to USD 1,694 million in October of 2021, underpinned by intermediate goods (38.6%), mainly fuel (72.3%); and capital goods (11.5%) on account of machinery and equipment (12.3%) and building material (18.5%). The latest value from 2020 is 16.58 percent. Sri Lanka: Exports of goods and services as percent of GDP: For that indicator, we provide data for Sri Lanka from 1960 to 2020. From 2019 to 2020, Sri Lanka's import purchases declined by -19.9% from 2019 to 2020. 50/1, Rosmead Place, Colombo 07 + 94 11 2675050 Sri Lanka exports for 2020 was $13.38B, a 31.09% decline from 2019. Top export destinations of commodities from Sri Lanka in 2020: USA with a share of 24% (2.65 billion US$) United Kingdom with a share of 8.92% (956 million US$) India with a share of 6.11% (654 million US$) Germany with a share of 5.71% (611 million US$) Italy with a share of 4.45% (477 million US$) That 3.5% for exports to overall GDP in PPP for 2020 compares to 3.6% for 2019. For comparison, the world average in 2020 based on 140 countries is 40.38 . Sri Lanka's exports 2020 by country . Total expenditure consists of total expense and the net acquisition of non . from Sri Lanka totalled $ 1.7 million in 2020. The average value for Sri Lanka during that period was 27.6 percent with a minimum of 16.58 percent in 2020 and a maximum of 39.02 percent in 2000. This is the highest reported contraction since 2010. Main export partners are United States, United Kingdom, Germany, Belgium and Italy. 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