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Sri Lanka

Sri Lanka ranked No. 68 in total trade value through March with a total of $860.41 million. Exports totaled $94.02 million and Imports totaled $766.39 million, a deficit of $672.37 million.

January – March 2019

Top Trading Ports

Total Trade: $860.41 million

RankPortTotal YTD
1Port of Newark $198,994,010
2Port of Savannah, Ga. $143,800,719
3Port of Los Angeles $102,613,936
4Columbus International Airport $58,009,599
5John F. Kennedy International Airport $56,761,470
6Port of Virginia $56,210,403
7Los Angeles International Airport $35,873,036
8Port of Charleston $30,803,057
9Port of Oakland, Calif. $25,599,571
10Port of Houston $17,675,516

U.S. trade with Sri Lanka rose to $860.41 million through March

Sri Lanka’s trade with the United States rose to $860.41 million through the first three months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 8.88 percent above its total trade during the same time period last year. Sri Lanka’s exports increased 16.85 percent while imports rose 7.98 percent. The U.S. deficit with Sri Lanka was $672.37 million.

Through March, 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 Port of Los Angeles No. 4 John F. Kennedy International Airport and No. 5 Columbus International Airport. In the current time period, the top five accounted for 65.11 percent of Sri Lanka’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 15.83 percent to $198.99 million.
    Exports rose 136.4 percent to $5.31 million. Imports rose 14.23 percent to $193.69 million.
  • Trade with No. 2 Port of Savannah, Ga. rose 36.25 percent to $143.8 million.
    Exports rose 38.9 percent to $9.06 million. Imports rose 36.08 percent to $134.74 million.
  • Trade with No. 3 Port of Los Angeles rose 23.36 percent to $102.61 million.
    Exports fell 19.72 percent to $8.59 million. Imports rose 29.73 percent to $94.02 million.
  • Trade with No. 4 Columbus International Airport fell 20.98 percent to $58.01 million.
    There were no exports. Imports fell 20.98 percent to $58.01 million.
  • Trade with No. 5 John F. Kennedy International Airport fell 24.4 percent to $56.76 million.
    Exports fell 23.66 percent to $3.33 million. Imports fell 24.44 percent to $53.44 million.

Sri Lanka ranked No. 68 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 $1.01 trillion, up 0.65 percent compared to the same period last year. The nation’s exports climbed 1.42 percent to $408.22 billion; imports climbed 0.13 percent to $598.47 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 $190.25 billion, down compared to the same period of last year when the deficit was $195.16 billion.

The top five U.S. exports to Sri Lanka by value through March were the categories of Soybean oilcake, other solid residue, not ground; Polymers of vinyl chloride; Synthetic yarn, not retail; Milk and cream, concentrated or sweetened; and Precious stones, respectively. They accounted for 36.91 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 Sweaters, pullovers, vests, knit or crocheted –– accounted for 36.2 percent of all inbound shipments.

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

  • Soybean oilcake, other solid residue, not ground rose 34.68 percent compared to last year to $18.83 million.
  • Polymers of vinyl chloride rose 37.87 percent compared to last year to $4.3 million.
  • Synthetic yarn, not retail rose 639.08 percent compared to last year to $4.26 million.
  • Milk and cream, concentrated or sweetened rose 39.72 percent compared to last year to $3.96 million.
  • Precious stones rose 57.29 percent compared to last year to $3.36 million.

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

  • Bras, girdles, garters rose 5.62 percent compared to last year to $70.13 million.
  • Women’s or girls’ suits, not knit rose 17.48 percent compared to last year to $68.06 million.
  • Women’s or girls’ slips rose 6.26 percent compared to last year to $54.09 million.
  • Women’s or girls’ suits, knit or crocheted rose 0.59 percent compared to last year to $43.54 million.
  • Sweaters, pullovers, vests, knit or crocheted rose 20.64 percent compared to last year to $41.61 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.