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Sri Lanka

Sri Lanka ranked No. 71 in total trade value through August with a total of $2.11 billion. Exports totaled $245.26 million and Imports totaled $1.87 billion, a deficit of $1.62 billion.

January – August 2019

Top Trading Ports

Total Trade: $2.11 billion

RankPortTotal YTD
1Port of Newark $495,410,340
2Port of Savannah, Ga. $355,674,492
3Port of Los Angeles $237,464,779
4John F. Kennedy International Airport $124,331,565
5Port of Virginia $122,530,803
6Columbus International Airport $120,207,740
7Port of Charleston $78,108,575
8Port of Oakland, Calif. $70,290,066
9Los Angeles International Airport $66,569,722
10Port of Tacoma, Wash. $50,768,008

U.S. trade with Sri Lanka rose to $2.11 billion through August

Sri Lanka’s trade with the United States rose to $2.11 billion through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 4.57 percent above its total trade during the same time period last year. U.S. exports to Sri Lanka decreased 2.19 percent while U.S. imports from Sri Lanka rose 5.53 percent. The U.S. deficit with Sri Lanka was $1.62 billion.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 Port of Savannah, Ga.; No. 3 Port of Los Angeles; No. 4 John F. Kennedy International Airport; and No. 5 Port of Virginia. During the same period the previous year, the top five were No. 1 Port of Newark No. 2 Port of Savannah, Ga. No. 3 Port of Los Angeles No. 4 Columbus International Airport and No. 5 John F. Kennedy International Airport. In the current time period, the top five accounted for 63.17 percent of Sri Lanka’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 8.19 percent to $495.41 million.
    Exports rose 36.96 percent to $10.24 million. Imports rose 7.72 percent to $485.17 million.
  • Trade with No. 2 Port of Savannah, Ga. rose 22.51 percent to $355.67 million.
    Exports fell 20.12 percent to $17.72 million. Imports rose 26.03 percent to $337.96 million.
  • Trade with No. 3 Port of Los Angeles rose 6.58 percent to $237.46 million.
    Exports fell 31.56 percent to $23.13 million. Imports rose 13.4 percent to $214.34 million.
  • Trade with No. 4 John F. Kennedy International Airport fell 18.98 percent to $124.33 million.
    Exports fell 10.99 percent to $8.54 million. Imports fell 19.51 percent to $115.79 million.
  • Trade with No. 5 Port of Virginia rose 11.95 percent to $122.53 million.
    Exports rose 24.14 percent to $42.5 million. Imports rose 6.4 percent to $80.03 million.

Sri Lanka ranked No. 71 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 73.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Sri Lanka by value through August were the categories of Soybean oilcake, other solid residue, not ground; Wheat; Polymers of vinyl chloride; Synthetic yarn, not retail; and Milk and cream, concentrated or sweetened, respectively. They accounted for 37.88 percent of total exports to Sri Lanka.

The value of the top five categories of U.S. imports from Sri Lanka –– Bras, girdles, garters; Women’s or girls’ suits, not knit; Women’s or girls’ slips; Sweaters, pullovers, vests, knit or crocheted; and Women’s or girls’ suits, knit or crocheted –– accounted for 35.69 percent of all inbound shipments.

Looking more closely at U.S. exports to Sri Lanka:

  • Soybean oilcake, other solid residue, not ground rose 4.6 percent compared to last year to $48.14 million.
  • Wheat rose 5.77 percent compared to last year to $14.22 million.
  • Polymers of vinyl chloride rose 16.96 percent compared to last year to $11.69 million.
  • Synthetic yarn, not retail rose 212.76 percent compared to last year to $10.07 million.
  • Milk and cream, concentrated or sweetened rose 23.96 percent compared to last year to $8.79 million.

Looking more closely at U.S. imports from Sri Lanka:

  • Bras, girdles, garters rose 5.51 percent compared to last year to $168.7 million.
  • Women’s or girls’ suits, not knit rose 11.83 percent compared to last year to $142.53 million.
  • Women’s or girls’ slips rose 3.06 percent compared to last year to $138.56 million.
  • Sweaters, pullovers, vests, knit or crocheted rose 22.98 percent compared to last year to $120.64 million.
  • Women’s or girls’ suits, knit or crocheted fell 10.71 percent compared to last year to $96.52 million.

In the latest annual figures available, Sri Lanka recorded $3.19 billion in trade with the United States. At year’s end, its were Cleveland; New York City; Atlanta/Savannah; Los Angeles; and Chicago. Total U.S. exports to Sri Lanka were $ 335.72 million and imports from Sri Lanka were $2.86 billion. The U.S. deficit with Sri Lanka was $2.52 billion.