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Sri Lanka

Sri Lanka ranked No. 73 in total trade value through October with a total of $2.58 billion. Exports totaled $323.06 million and Imports totaled $2.25 billion, a deficit of $1.93 billion.

January – October 2018

Top Trading Ports

Total Trade: $2.58 billion

RankPortTotal YTD
1Port of Newark $599,297,980
2Port of Savannah, Ga. $378,317,166
3Port of Los Angeles $279,587,030
4Columbus International Airport $218,514,607
5John F. Kennedy International Airport $188,137,565
6Port of Virginia $135,176,196
7Los Angeles International Airport $76,529,074
8Port of Charleston $71,025,773
9Port of Oakland, Calif. $69,295,236
10Chicago O’Hare International Airport $67,861,720

U.S. trade with Sri Lanka rose to $2.58 billion through October

Sri Lanka’s trade with the United States rose to $2.58 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 3.72 percent below its total trade during the same time period last year. Sri Lanka’s exports increased 14.49 percent while imports fell 5.87 percent. The U.S. deficit with Sri Lanka was $1.93 billion.

Through October, 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 Columbus International Airport; and No. 5 John F. Kennedy International Airport. During the same period the previous year, the top five were No. 1 Port of Newark No. 2 Port of Savannah, Ga. No. 3 Columbus International Airport No. 4 Port of Los Angeles and No. 5 John F. Kennedy International Airport. In the current time period, the top five accounted for 64.61 percent of Sri Lanka’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 10.7 percent to $599.3 million.
    Exports fell 17.15 percent to $9.48 million. Imports rose 11.31 percent to $589.82 million.
  • Trade with No. 2 Port of Savannah, Ga. rose 0.43 percent to $378.32 million.
    Exports fell 9.95 percent to $27.01 million. Imports rose 1.33 percent to $351.3 million.
  • Trade with No. 3 Port of Los Angeles rose 8.45 percent to $279.59 million.
    Exports rose 188.64 percent to $40.17 million. Imports fell 1.83 percent to $239.42 million.
  • Trade with No. 4 Columbus International Airport fell 35.47 percent to $218.51 million.
    Exports rose 680.13 percent to $406,541. Imports fell 35.58 percent to $218.11 million.
  • Trade with No. 5 John F. Kennedy International Airport fell 12.12 percent to $188.14 million.
    Exports fell 15.02 percent to $12.08 million. Imports fell 11.92 percent to $176.06 million.

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

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Sri Lanka by value through October were the categories of Soybean oilcake, other solid residue, not ground; Wheat; Polymers of vinyl chloride; Misc. uncoated kraft paper, paperboard; and Flour, meal of oil seed, olea fruit, respectively. They accounted for 35.83 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’ slips; Women’s or girls’ suits, not knit; Women’s or girls’ suits, knit or crocheted; and Sweaters, pullovers, vests, knit or crocheted –– accounted for 35.79 percent of all inbound shipments.

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

  • Soybean oilcake, other solid residue, not ground rose 27.24 percent compared to last year to $53.58 million.
  • Wheat rose 6.02 percent compared to last year to $27.91 million.
  • Polymers of vinyl chloride rose 172.21 percent compared to last year to $13.98 million.
  • Misc. uncoated kraft paper, paperboard rose 60.48 percent compared to last year to $12.14 million.
  • Flour, meal of oil seed, olea fruit fell 3.61 percent compared to last year to $8.13 million.

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

  • Bras, girdles, garters fell 20.99 percent compared to last year to $200.94 million.
  • Women’s or girls’ slips fell 28.07 percent compared to last year to $171.43 million.
  • Women’s or girls’ suits, not knit fell 4.6 percent compared to last year to $157.43 million.
  • Women’s or girls’ suits, knit or crocheted fell 18.32 percent compared to last year to $143.6 million.
  • Sweaters, pullovers, vests, knit or crocheted fell 3.89 percent compared to last year to $132.59 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.