Top Import Trading Partners of Sri-lanka - Volza

Sri Lanka's primary import trading partners in 2023 include China (22% of imports, $4.5 billion), India (18%, $3.7 billion), United Arab Emirates (8%, $1.6 billion), Singapore (6%, $1.2 billion), and Japan (5%, $1 billion).

Key imports from these countries are machinery, electronics, petroleum products, foodstuffs, and pharmaceuticals. Trade agreements such as the South Asian Free Trade Area (SAFTA) and various bilateral agreements with individual countries facilitate smoother trade flows.

Sri Lanka's GDP growth rate stands at 3.3%, with an inflation rate of 5.4%, reflecting its dynamic economic environment. Strategic tariffs, government incentives, and its strategic location along major shipping routes provide significant logistical advantages, impacting trade with these partners. These measures promote a robust trade relationship, making Sri Lanka a critical import market for these countries.