Sri Lanka’s Imports, Exports and Balance of Trade with Lebanon
The value of Sri Lanka's exports reached to the peak level in 2017. As could be observed from the table below, the balance of trade has been in favour of Sri Lanka during the last ten years.
The value of Sri Lanka’s exports reached to the peak level in 2017.
Balance of Trade 2004 - 2019
|
Year |
Export |
Import |
Total Trade |
Balance of Trade |
|
2004 |
6.20 |
0.20 |
6.40 |
6.00 |
|
2005 |
5.90 |
0.20 |
6.10 |
5.70 |
|
2006 |
6.00 |
0.10 |
6.10 |
5.90 |
|
2007 |
10.40 |
0.60 |
11.00 |
9.80 |
|
2008 |
11.10 |
0.60 |
11.70 |
10.50 |
|
2009 |
12.80 |
0.20 |
13.00 |
12.60 |
|
2010 |
13.10 |
0.20 |
13.30 |
12.90 |
|
2011 |
16.20 |
0.40 |
16.60 |
15.80 |
|
2012 |
15.40 |
0.20 |
15.60 |
15.20 |
|
2013 |
20.10 |
0.20 |
20.30 |
19.90 |
|
2014 |
27.00 |
0.60 |
27.60 |
26.40 |
|
2015 |
25.10 |
0.20 |
25.30 |
24.90 |
|
2016 |
30.80 |
0.10 |
30.90 |
30.70 |
|
2017 |
33.80 |
0.40 |
34.20 |
33.40 |
|
2018 |
33.40 |
0.30 |
33.70 |
33.10 |
|
2019 |
23.90 |
0.30 |
24.20 |
23.60 |
Value in US$ Mn. Source: Sri Lanka Customs
Sri Lanka’s Exports to Lebanon (2015-2019)
|
HS |
Description |
2015 |
2016 |
2017 |
2018 |
2019 |
|
0902 |
Tea |
12.78 |
17.19 |
24.52 |
21.03 |
15.85 |
|
6162 |
Apparel |
5.95 |
5.78 |
6.99 |
6.96 |
2.53 |
|
21 |
Miscellaneous edible Preparations |
0.07 |
0.04 |
0.05 |
0.14 |
2.53 |
|
80111 |
Desiccated Coconut |
0.65 |
1.40 |
0.52 |
0.63 |
0.40 |
|
64 |
Footwear, gaiters |
0.67 |
1.64 |
0.61 |
0.97 |
0.39 |
|
63 |
Other made up textile articles |
0.87 |
0.88 |
0.49 |
0.26 |
0.19 |
|
4011 |
New pneumatic tyres, of rubber |
0.11 |
0.14 |
0.14 |
0.40 |
0.19 |
|
0801 |
Coconuts, Fresh or Dried |
0.10 |
0.24 |
- |
0.07 |
0.16 |
|
Others |
2.67 |
2.58 |
2.21 |
2.00 |
0.70 |
|
|
Total |
25.12 |
30.89 |
36.80 |
33.49 |
23.91 |
Value in US$ Mn. Source: Sri Lanka Customs
Sri Lanka’s Imports from Lebanon (2015-2019)
|
HS |
Description |
2015 |
2016 |
2017 |
2018 |
2019 |
|
8703 |
Motor cars and other motor vehicles principally designed for the transport of persons |
- |
- |
- |
- |
0.15 |
|
74 |
Copper and articles thereof |
- |
0.06 |
0.10 |
0.05 |
0.08 |
|
8704 |
Motor vehicles for the transport of goods |
- |
- |
- |
- |
0.05 |
|
49 |
Printed books, newspapers |
0.02 |
0.05 |
0.12 |
0.1 |
0.02 |
|
78 |
Lead & articles thereof |
0.01 |
0.02 |
0.01 |
0.01 |
0.01 |
|
|
Other Imports |
0.24 |
0.01 |
0.24 |
0.15 |
0.05 |
|
|
Total |
0.27 |
0.14 |
0.47 |
0.31 |
0.36 |
Market Share
|
Trade of Sri Lanka
|
Rank of Lebanon in Sri Lanka
|
Share %
|
|
Exports
|
53
|
0.20
|
|
Imports
|
106
|
0.002
|
|
Trade of Lebanon
|
Rank of Sri Lanka in Lebanon
|
Share %
|
|
Exports
|
112
|
0.01
|
|
Imports
|
63
|
0.13
|
Source: SL Customs, Trade Map
Prospects for expansion of bilateral trade with Lebanon
Expand Sri Lanka Tea among the Lebanon Consumers
Identification the new products for Lebanon Markets
Pearls, Precious Stones; Apparels; Tricycles, scooters, pedal cars and similar wheeled toys; are potential product that could be exported to Lebanon in the near future.