Country import demand

Sri Lanka
import demand

A reported view of Sri Lanka's import scale, sector demand, supplier breadth, economy, and trade history.

LKA1995-2024 coverage270 active partner marketsMacro trend resilient
Latest imports$18.8B2024 reported
Import growth+8.7%Year on year
Population21.9MReported population
GDP per capita$4.5KCurrent-dollar GDP
Trade openness26%Exports + imports / GDP

The country import read

What does Sri Lanka import?

In 2024, Sri Lanka recorded $18.8B in reported imports. Imports changed +8.7% year on year and -3.9% annualized over three years. Knitted clothing was the largest displayed import sector.

Import history

A long view of demand

Latest twelve years from the reported country series.

Reported imports by year

2013
$19.0B
2014
$21.8B
2015
$21.4B
2016
$19.5B
2017
$21.1B
2018
$22.1B
2019
$20.0B
2020
$16.1B
2021
$21.2B
2022
$18.6B
2023
$17.3B
2024
$18.8B

Demand drivers

The economy behind import demand

Macro and structural indicators add context to reported imports.

GDP$99.0B2024 macro context
GDP growth2.1%Five-year CAGR
Population growth0.1%Five-year CAGR
Investment rate29.7%National rate
Savings rate23.4%National rate
Trade openness26%Exports + imports / GDP

Import portfolio

The sectors shaping demand

All returned HS2 sectors ranked by latest import value.

Import demand by HS2All returned · 2024
Leading import sectors for Sri Lanka
RankSectorImportsShareImport partnersActive HS6
1Knitted clothingHS2 61$74.1M0.4%87106
2Non-knitted clothingHS2 62$123.9M0.7%101112
3Coffee, tea and spicesHS2 09$133.4M0.7%8939
4RubberHS2 40$366.9M1.9%9280
5Precious stones and metalsHS2 71$459.2M2.4%6447
6Electrical machineryHS2 85$1.2B6.5%130260
7MachineryHS2 84$1.6B8.4%120510
8Mineral fuelsHS2 27$3.8B20.3%6038
9Fish and crustaceansHS2 03$88.1M0.5%49168
10Miscellaneous edible preparationsHS2 21$86.4M0.5%8116

Import values are reported observations. Full rows remain in the downloads.

Supply diversification

Where import exposure is spread

Partner breadth, concentration, access, and distance add supplier context.

Supplier markets270Reported partner count
Partner concentration751.8Partner HHI
Top 3 partner share37%Reported concentration
FTA partner markets7Reported count
Average distance8,596 kmCalculated average
Macro resilienceMacro trend resilientCountry context
Complete country valuesOpen the full import evidenceFull profile, history, and HS2 sector fields remain available here and in the downloads.

Profile fields

Year2,024
Country Iso3LKA
Exports Usd$12.6B
Imports Usd$18.8B
Trade Balance Usd-$6.2B
Yoy Exports Growth Pct2.1%
Yoy Imports Growth Pct8.7%
Exports Cagr 3y Pct-1.2%
Imports Cagr 3y Pct-3.9%
Export Partner Hhi751.8
Export Product Hhi149.5
Momentum Score1.1
Risk Score4.5
Gdp Million Usd98,963.2 million USD
Gdp Per Capita Usd$4.5K
Population21,916,000
Labor Force8,909.5
Investment Rate Pct29.7%
Savings Rate Pct23.4%
Secondary Education Pct88.7%
Tertiary Education Pct17.8%
Total Factor Productivity593.1
Trade Openness Pct26%
Exports Gdp Pct10.4%
Num Active Partners270
Num Fta Partners7
Num Wto Partners169
Num Eu Partners28
Num Shared Border Partners0%
Num Shared Language Partners0%
Avg Partner Distance Km8,596 km
Avg Partner Gdp Million Usd533,678,518.3 million USD
Avg Partner Gdp Per Capita Usd$15.8
Avg Buyer Biz Entry DaysNot reported
Avg Buyer Biz Entry Cost PctNot reported
Pct Partners With Fta3
Pct Partners Shared Language0%
Pct Partners Shared Border0%
Avg Applied Tariff Pct0.1%
Avg Mfn Tariff Pct0.1%
Avg Preferential Tariff Pct0.1%
Tariff Advantage Pp0.1
Avg Distance All Partners Km8,775 km
Num Border Partners0
Num Colonial Partners25
Avg Substitution Elasticity-9.1
Pct Products High Elasticity71.3
Pct Products Low Elasticity3.2
Real Market Potential176,877.1
Foreign Market Potential16,381.3

Supplier context

Country Iso3LKA
All History Lane Count8,608
Current Lane Count5,590
Critical Lane Count16
High Attention Lane Count912
High Volatility Lane Count3,213
Unrecovered Drawdown Lane Count2,401
Declining Demand Lane Count31
Concentrated Market Lane Count2,402
Access Friction Lane Count2,906
Buyer Macro Weakness Lane Count275
Monitored Exports Current Usd$11.1B
Attention Exports Usd$6.0B
Critical Exports Usd$373.6M
High Volatility Exports Usd$3.9B
Unrecovered Drawdown Exports Usd$2.3B
Non Fta Exports Usd$9.9B
Monitored Attention Share Pct53.7%
Monitored Critical Share Pct3.4%
Fta Covered Exports Share Pct10.7%
Export Weighted Volatility Cv0.9
Export Weighted Below Peak Pct27.3%
Export Weighted Distance Km8,904 km
Export Weighted Tariff Pct0.1%
Latest Data Year2,024
First Data Year1,995
Country Years Count30
Total Exports Latest Usd$12.6B
Total Imports Latest Usd$18.8B
Trade Balance Latest Usd-$6.2B
Exports Yoy Latest Pct2.1%
Exports Cagr 3y Latest Pct-1.2%
Gdp Latest Million Usd98,963.2 million USD
Gdp Per Capita Latest Usd$4.5K
Population Latest21,916,000
Investment Rate Latest Pct29.7%
Savings Rate Latest Pct23.4%
Trade Openness Latest Pct26%
Exports Gdp Latest Pct10.4%
Active Partners Latest270
Fta Partners Latest7
Foreign Market Potential Latest16,381.3
Gdp 5y Cagr Pct2.1%
Gdp Per Capita 5y Cagr Pct2%
Population 5y Cagr Pct0.1%
Partner Hhi Latest751.8
Partner Top1 Share Latest Pct22.8%
Partner Top3 Share Latest Pct37%
Partner Hhi All Avg1,166.4
Partner Hhi All Max1,979.1
Product Hhi Latest149.5
Product Top1 Share Latest Pct5.1%
Product Top3 Share Latest Pct14.7%
Product Hhi All Avg171.5
Product Hhi All Max208
Total Exports Attention Share Pct47.3%
Total Exports Critical Share Pct3%
Attention LevelWatch
Primary Risk DriverMarket access exposure
Macro Resilience LabelMacro trend resilient

Annual import history

YearImportsExportsBalanceImports YoY
1995$5.0B$3.5B-$1.5B+0%
1996$4.9B$3.8B-$1.1B-2.9%
1997$5.2B$4.2B-$1.0B+7.6%
1998$5.3B$4.3B-$1.0B+2%
1999$5.6B$4.4B-$1.2B+4.8%
2000$6.6B$5.1B-$1.4B+17.5%
2001$5.5B$4.8B-$705.1M-16.8%
2002$6.3B$4.8B-$1.5B+15.7%
2003$6.7B$5.0B-$1.7B+6.6%
2004$8.2B$5.9B-$2.4B+22.1%
2005$8.9B$6.4B-$2.6B+8.7%
2006$10.3B$7.0B-$3.2B+14.7%
2007$11.3B$7.8B-$3.5B+10%
2008$13.7B$8.6B-$5.1B+21.2%
2009$9.4B$7.5B-$2.0B-31%
2010$13.3B$8.5B-$4.8B+40.9%
2011$19.6B$10.3B-$9.3B+47.3%
2012$18.0B$9.7B-$8.3B-8%
2013$19.0B$10.1B-$9.0B+5.7%
2014$21.8B$11.2B-$10.6B+14.4%
2015$21.4B$10.7B-$10.8B-1.7%
2016$19.5B$10.6B-$9.0B-8.9%
2017$21.1B$11.4B-$9.7B+7.8%
2018$22.1B$12.2B-$9.9B+5.1%
2019$20.0B$12.1B-$7.9B-9.4%
2020$16.1B$10.7B-$5.4B-19.5%
2021$21.2B$13.1B-$8.1B+31.5%
2022$18.6B$14.0B-$4.6B-12.5%
2023$17.3B$12.4B-$4.9B-6.8%
2024$18.8B$12.6B-$6.2B+8.7%

Import sectors

RankHS2SectorImportsShareImport partnersActive HS6
161Knitted clothing$74.1M0.4%87106
262Non-knitted clothing$123.9M0.7%101112
309Coffee, tea and spices$133.4M0.7%8939
440Rubber$366.9M1.9%9280
571Precious stones and metals$459.2M2.4%6447
685Electrical machinery$1.2B6.5%130260
784Machinery$1.6B8.4%120510
827Mineral fuels$3.8B20.3%6038
903Fish and crustaceans$88.1M0.5%49168
1021Miscellaneous edible preparations$86.4M0.5%8116

Questions about this profile

Sri Lanka import demand, in context

Short answers for import and supplier research.

What does the Sri Lanka import profile measure?

It combines reported imports, annual history, HS2 sectors, supplier breadth, economy context, and calculated indicators for Sri Lanka.

What is the latest reported import value for Sri Lanka?

Sri Lanka recorded $18.8B in reported imports in 2024.

Which sectors lead Sri Lanka's imports?

Knitted clothing leads by reported import value at $74.1M.

How many years of Sri Lanka import history are available?

This profile contains 30 annual rows covering 1995 through 2024.

What drives import demand?

GDP, population, investment, savings, and trade openness provide demand context.

Are the growth and concentration values forecasts?

No. They are calculated or classified from reported observations, not forecasts or guarantees.

Continue your research

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Data source

OECD trade statistics with CEPII context

OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.