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Sri Lanka

Sri Lanka ranked No. 69 in total trade value through February with a total of $570.64 million. Exports totaled $55.62 million and Imports totaled $515.02 million, a deficit of $459.41 million.

January – February 2019

Top Trading Ports

Total Trade: $570.64 million

RankPortTotal YTD
1Port of Newark $124,905,715
2Port of Savannah, Ga. $91,034,395
3Port of Los Angeles $69,484,575
4Columbus International Airport $44,134,271
5John F. Kennedy International Airport $40,821,127
6Port of Virginia $37,969,964
7Los Angeles International Airport $27,096,473
8Port of Charleston $21,254,532
9Port of Oakland, Calif. $16,400,899
10Port of Houston $11,127,309

U.S. trade with Sri Lanka rose to $570.64 million through February

Sri Lanka’s trade with the United States rose to $570.64 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 6.05 percent above its total trade during the same time period last year. Sri Lanka’s exports increased 8.01 percent while imports rose 5.84 percent. The U.S. deficit with Sri Lanka was $459.41 million.

Through February, 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 John F. Kennedy International Airport No. 4 Port of Los Angeles and No. 5 Columbus International Airport. In the current time period, the top five accounted for 64.91 percent of Sri Lanka’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 3.17 percent to $124.91 million.
    Exports rose 147.91 percent to $3.76 million. Imports rose 1.34 percent to $121.15 million.
  • Trade with No. 2 Port of Savannah, Ga. rose 26.88 percent to $91.03 million.
    Exports fell 10.27 percent to $3.98 million. Imports rose 29.33 percent to $87.06 million.
  • Trade with No. 3 Port of Los Angeles rose 25.09 percent to $69.48 million.
    Exports fell 25.23 percent to $4.49 million. Imports rose 31.2 percent to $64.99 million.
  • Trade with No. 4 Columbus International Airport fell 7.57 percent to $44.13 million.
    There were no exports. Imports fell 7.57 percent to $44.13 million.
  • Trade with No. 5 John F. Kennedy International Airport fell 26.92 percent to $40.82 million.
    Exports fell 29.67 percent to $2.29 million. Imports fell 26.75 percent to $38.53 million.

Sri Lanka ranked No. 69 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 69.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Sri Lanka by value through February were the categories of Soybean oilcake, other solid residue, not ground; Precious stones; Synthetic yarn, not retail; Plasma, vaccines, blood; and Polymers of vinyl chloride, respectively. They accounted for 39.51 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; Women’s or girls’ suits, knit or crocheted; and Precious stones –– accounted for 37.18 percent of all inbound shipments.

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

  • Soybean oilcake, other solid residue, not ground rose 50.71 percent compared to last year to $11.64 million.
  • Precious stones rose 73.65 percent compared to last year to $3.14 million.
  • Synthetic yarn, not retail rose 588.86 percent compared to last year to $2.82 million.
  • Plasma, vaccines, blood rose 540.7 percent compared to last year to $2.25 million.
  • Polymers of vinyl chloride rose 9.43 percent compared to last year to $2.13 million.

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

  • Bras, girdles, garters rose 7.68 percent compared to last year to $48.2 million.
  • Women’s or girls’ suits, not knit rose 12.65 percent compared to last year to $47.29 million.
  • Women’s or girls’ slips rose 1.47 percent compared to last year to $36.31 million.
  • Women’s or girls’ suits, knit or crocheted fell 2.59 percent compared to last year to $30.65 million.
  • Precious stones rose 2.19 percent compared to last year to $29.03 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.