9. FOREIGN TRADE

9. FOREIGN TRADE
9.1 Summary of Foreign Trade Statistics, 2007-2015
Exports
Year
Balance of
Imports
Exports
Re-Exports
(Rs.Mn.)
Trade
Total Exports
2007
1,260,607
848,643
12,448
861,091
-399,516
2008
1,477,265
885,998
29,645
915,643
-561,622
2009
1,122,562
818,160
25,693
843,853
-278,709
2010
1,395,219
949,905
21,792
971,697
-423,522
2011
2,178,468
1,107,601
20,739
1,128,340
-1,050,128
2012
2,282,652
1,171,468
24,210
1,195,678
-1,086,974
2013
2,317,405
1,292,319
27,877
1,320,196
-997,209
2014
2,512,833
1,442,019
33,048
1,475,067
-1,037,766
2015
2,581,365
1,388,186
32,379
1,420,565
-1,160,800
59
Source: Sri Lanka Customs
60
9.2 Composition of Imports, 2010-2015
Item
2010
2011
2012
2013
(Rs.Mn.)
2014
2015
Food and Beverages
Mineral Products
Chemical and Resins
Leather, Wood and Paper
Textiles
Precious Stones
215,107
261,006
190,012
51,715
207,058
42,690
283,010
487,862
266,961
65,001
263,087
118,971
268,770
549,812
281,819
63,524
298,837
74,577
278,225
619,058
286,893
65,879
276,072
61,733
333,750
651,431
321,920
83,492
326,373
22,910
343,506
438,145
376,194
87,979
347,901
21,762
Base Metals
Machinery and Equipment
Transport Equipment
87,468
168,278
131,889
120,732
269,882
244,492
154,460
324,117
188,120
156,387
317,528
167,141
166,886
302,243
221,040
181,358
356,971
338,377
39,996
58,470
1,395,219 2,178,468
78,618
2,282,654
88,489
2,317,405
82,788
2,512,833
89,173
2,581,365
Other
Total
Source: Sri Lanka Customs
9.3 Import Quantities by Principal Commodities, 2011-2015
(MT.)
Item
2011
2012
2013
2014
2015
Rice
27,869
36,175
22,932
599,718
285,604
1,364,683
1,119,150
934,596
1,178,560
1,207,849
Wheat & Meslin
Flour
29,103
8,069
1,251
1,063
972
Sugar
596,551
558,957
538,976
509,467
612,397
Dhall (Mysoor)
151,339
113,993
150,889
153,381
160,877
42,735
40,665
44,060
47,757
49,946
Chilli(Dried)
Onion (Red)
6,807
7,017
15,386
11,839
15,168
Onion (Bombay)
170,731
145,912
168,874
150,534
210,253
Potatoes
130,511
110,823
123,204
118,220
142,182
Dried Fish
49,949
40,730
38,897
36,189
34,768
Milk Products (Powder)
84,050
79,516
66,031
67,178
81,809
(a)
(a) Including Maldive fish and excluding dried prawns
Source: Sri Lanka Customs
61
9.4 Volume of Exports of Selected Minor
Export Crops, 2011-2015
(MT.)
Item
2011
Cinnamon 13,485
Cloves
5,195
Pepper
5,057
Cocoa
104
Cashew Nuts
311
Cardamom
12
Coffee
10
Betel
2,845
Arecanuts
2,176
Sesame seed
384
2012
14,435
2,914
10,487
86
146
10
10
1,934
2,435
2,025
Source: Sri Lanka Customs
2013
13,866
5,478
21,330
70
51
4
19
3,024
7,058
6,507
2014
2015
13,684
1,231
7,930
231
129
8
57
2,999
29,384
3,496
13,549
5,519
16,657
68
113
120
24
2,404
29,646
3,886
Figure 12
Volume of Exports of Selected
Minor Export Crops, 2015
Sesame Seed
5%
Cloves
8%
62
Betel Others
3%
1%
Arecanuts
41%
Cinnamon
19%
Pepper
23%
9.5 Quantity and Value of Imports of Major Commodities, 2007-2015
Rice
Qty.
Sugar
Wheat
Year
Qty.
Value
Qty.
Value
(’000 MT)
(’000 MT) (Rs. Mn.)
952
Qty.
Value
481
Qty.
Value
(’000 MT) (Rs. Mn.)
(Rs. Mn.) (’000 MT) (Rs. Mn.)
25,892
Fertilizer
Crude oil
17,055
14
113,584
Value
(’000 MT) (Rs. Mn.)
2007
88
4,261
569
21,422
2008
84
4,730
919
40,563
575
22,350
14
143,159
773
62,420
2009
52
2,592
1,026
29,769
467
25,119
15
111,715
462
20,851
2010
126
6,741
1,052
29,120
548
41,077
13
120,180
649
27,157
2011
28
2,035
1,242
46,257
606
47,091
15
183,056
801
44,992
2012
36
3,083
1,084
45,105
569
43,872
11
157,758
640
39,859
2013
23
2,297
895
40,098
548
37,187
13
182,064
600
30,972
2014
600
36,795
1,179
48,430
520
33,332
14
187,760
765
35,591
2015*
286
17,956
1,208
44,994
624
34,164
13
100,578
873
39,573
* Provisional
Note: Adjusted for lags and other factors in recording
63
Source : Central Bank of Sri Lanka
64
9.6 Quantity and Value of Exports of Major Commodities, 2007-2015
Value
(Rs. Mn.)
Qty.
Value
(Rs. Mn.)
Qty.
(’000 Carats)
Precious
Stones
Petroleum
(’000 MT)
Value
(Rs. Mn.)
Qty.
Garments
(’000 MT)
Value
(Rs. Mn.)
Qty.
(’000 MT)
Value
(Rs. Mn.)
Qty.
Coconut
(’000 MT)
Value
(Rs. Mn.)
Qty.
(’000 MT)
Rubber
(Rs. Mn.)
Qty.
(’000 MT)
Value
Tea
Year
Other
Agricultural
Crops
2007
312 113,565
52 12,089
406
6,692
93 25,655
-
347,670
283 18,693
7,459 11,665
2008
320 137,606
49 13,538
360
8,923
112 31,069
-
355,995
310 27,551
7,531 10,919
2009
290 136,194
56 11,327
367
6,683
116 27,616
-
358,374
268 15,484
7,445
7,226
2010
328 162,793
52 19,580
251
6,189
136 36,361
-
359,113
436 29,761
7,345
7,489
2011
323 164,869
43 22,811
386 15,101
127 41,897
-
440,791
589 61,170
9,154 10,028
2012
320 180,429
37 15,726
351 10,101
143 49,802
-
482,212
504 58,902
9,194 14,211
2013
320 199,446
24
9,194
379 11,118
169 68,618
-
551,659
511 55,128
14,393 16,084
2014
327 212,588
16
5,916
716 27,970
183 66,744
-
611,350
398 44,132
12,685 21,831
2015* 307 182,054
10
3,548
552 30,123
177 81,530
-
618,803
908 50,461
12,116 21,322
* Provisional
Note: Adjusted for lags and other factors in recording
Source: Central Bank of Sri Lanka
9.7 Foreign Exchange Rates (Annual Average Rates), 2008-2015
( Sri Lanka Rupees per unit of Foreign Currency)
(a)
USA
(US$)
UK
(£)
Japan
(¥)
India
(Rs.)
SDR
Euro
2008
108.33
200.73
1.05
2.52
171.24
159.32
2009
114.94
179.87
1.23
2.39
177.22
160.21
2010
113.06
174.81
1.29
2.49
172.50
150.10
2011
110.57
177.23
1.39
2.39
174.54
153.86
2012
127.60
202.28
1.60
2.39
195.38
164.01
2013
129.12
202.08
1.32
2.21
196.19
171.51
2014
130.56
215.16
1.24
2.14
198.35
173.47
2015
135.94
207.99
1.12
2.12
190.16
150.84
(a) Special Drawing Rights, the unit of account of the International Monetary Fund
Source: Central Bank of Sri Lanka
65
9.8 Index Numbers of External Trade, 2011-2015
66
Figure 13
External Trade Value Index, 2011-2015
[Value,Volume and Terms of Trade, Base 2010=100)]
2011
2012
2013
2014
2015*
Value Index
Value
Index
180.0
167.2
169.7
160.0
119.8
127.8
137.9
149.1
146.3
140.0
91.0
89.5
93.8
97.7
99.8
120.0
100.0
Imports
123.6
124.2
122.3
134.0
148.2
Exports
110.2
110.0
117.3
122.3
128.0
* Provisional
(a) Export unit price index/Import unit price Index * 100
Note: Unit Price Index = Value Index/Volume Index
Source: Central Bank of Sri Lanka
80.0
Imports
Exports
2015
Volume Index
2014
Terms of Trade
153.2
2013
(a)
161.1
2012
Exports
147.9
2011
Imports
Year