Sri Lanka Exports Grew By 4.4% In 2022
Sri Lanka is the 79th largest economy by GDP as per WTO Reports. Despite suffering from the political crisis, Sri Lanka has recovered its economy quickly. According to the Sri Lanka export data records, the country’s exports grew by 4.4% in the financial year 2022. On the other hand, Sri Lanka imports declined by 11% in 2022. As per Sri Lanka import data , the total imports are worth 18 billion USD. While, it was 21 billion USD in 2021. For the fiscal year 2022, Sri Lanka exports were worth 16 billion US Dollars. Whereas, it was 15 billion USD in 2021. According to the Sri Lanka customs data reports, China contributes to around 33% share of total Sri Lanka imports. India, the United Arab Emirates, Malaysia and Singapore were other major exporters to Sri Lanka. In terms of exports, the United States was the largest importer of Sri Lankan goods with over 25% share of total imports. Other major importers to Sri Lanka were the United Kingdom, India, Germany and Italy. ...