Trade Resources Economy Brief Report of Sri Lanka's Trade in July 2016

Brief Report of Sri Lanka's Trade in July 2016

According to statistics of Sri Lanka’s customs, its volume of goods trade was USD16.91 billion from January to July in 2016, down 2.5% year-on-year (the same below). Exports fell by 2.6% to USD6.0 billion, and imports fell by 2.5% to USD10.91 billion. The trade deficit was USD4.91 billion, down 2.4%.

In July, Sri Lanka's volume of goods trade grew by 0.5% to USD2.48 billion. Exports grew by 10.3% to USD0.99 billion and imports fell by 5.1% to USD1.49 billion. And the trade deficit was USD0.50 billion, down 23.6%.

Since January to July, bilateral trade volume between China and Sri Lanka fell by 2.8% to USD2.39 billion. Sri Lanka's exports to China fell by 51.0% to USD0.11 billion. It accounted for 1.8% of Sri Lanka's overall export, down 1.9%. And Sri Lanka's imports from China grew by 10.8% to USD2.28 billion. It accounted for 20.9% of Sri Lanka's overall imports, up2.5%. Sri Lanka's trade deficit with China grew by 18.6% to USD2.17 billion.

China was the 10th export market of Sri Lanka and its largest source of imports up to the end of July in 2016.

Source: www.made-in-china.com
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