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Sri Lanka Import Data

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Sri Lanka Import Data

As per Sri Lanka import data shows Sri Lanka is  free-market economy and worth $84 billion by nominal gross domestic product (GDP) in 2019 and $296.959 billion by purchasing power parity The country has experienced an annual growth of 6.4 percent from 2003 to 2012. Sri Lanka has a long history as a trading hub as a result of being located at the centre of East West trade and irrigated agriculture in the hinterland

As per Sri Lanka import trade data the apparel industry of the Sri Lanka mainly exports to the United States and Europe There are about 900 factories throughout country serving companies such as Victoria’s Secret, Liz Claiborne and Tommy Hilfiger. Textiles & Apparels, as categorized and reported by the Sri Lanka Export Development Board, made up to around 44% of Sri Lankan merchandise exports, in the year 2017

Sri Lanka import customs data shows Sri Lanka is known for producing a variety of gemstones, including chrysoberyl, corundum, garnet, ruby, spinel, and tourmaline, and is a leading producer of the Ceylon Blue sapphire. The best known areas for gemstone mining in Sri Lanka were Balangoda, Elahera, Kamburupitiya, Moneragala, Okkampitiya, and Ratnapura. In addition Sri Lanka has a variety of industrial minerals, which include ball clay, kaolin, and other clays, calcite, dolomite, feldspar, graphite, limestone, Ilmenite, mica, rutile mineral sands, phosphate rock, quartz, zircon, dolomite and silica sand. Pulmoddai beach sand deposit is the most important non-ferrous mineral reserve in Sri Lanka as well as one of the world’s most richest mineral sand deposits with heavy mineral concentrates of 50% to 60% and contain many minerals including titanium.

According to Sri Lanka import shipment data shows the value of merchandise imports to Sri Lanka totalled $ 21 billion in 2017. Merchandise imports to Sri Lanka increased by 9.3% compared to 2016. As per Sri Lanka import trade statistics data goods imports grew up by $ 1.81 billion in 2017 the value of merchandise imports to Sri Lanka was equal to $19.5 billion in 2016.

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What Information Contain In Sri Lanka Customs Data


Name of Importers

Name of Importers

List of companies who purchased the goods.
Address of Importers

Address of Importers

Address of importing company with details of location where goods arrived.
Name of the Exporters

Name of the Exporters

List of exporters with names.
Address of the Exporters

Address of the Exporters

Address of exporting company with details of location.
Hs Code

Hs Code

Harmonized Commodity Description and Coding System (HS Code) of tariff nomenclature is a international standardized system of names and numbers.
Product Description

Product Description

Detailed description of product of particular HS code as per recorded shipping or invoice bill.
Quantity

Quantity

Quantity of materials exported in different units.
Destination Country

Destination Country

Country where the product is exported.
Country of Origin

Country of Origin

Country of manufacture, production or growth where the product is exported from.
Date of Shipment

Date of Shipment

Shipment date as on the date of filling shipment/bill of lading at the time of custom clearance.

Sri Lanka Import Customs Trade Data Shows Top 10 Importing Products In 2017 – Analysis By Chapter

  • 15% for Chapter 27 – Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes value of 3.21 billion US$
  • 7.89% for Chapter 84 – Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof value of 1.68 billion US$
  • 7.02% for Chapter 87 – Vehicles other than railway or tramway rolling stock, and parts and accessories thereof value of 1.49 billion US$
  • 6.42% for Chapter 85 – Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles value of 1.36 billion US$
  • 3.95% for Chapter 60 – Knitted or crocheted fabrics value of 843 million US$
  • 3.76% for Chapter 72 – Iron and steel value of 802 million US$
  • 3.62% for Chapter 71 – Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin value of 772 million US$
  • 3.39% for Chapter 39 – Plastics and articles thereof value of 724 million US$
  • 3.08% for Chapter 10 – Cereals value of 657 million US$
  • 3.06% for Chapter 52 – Cotton value of 654 million US$

Sri Lanka Import Global Trade Data Shows Top 10
Trading Partners of Sri Lanka

  • India with a share of 21% (4.49 billion US$)
  • China with a share of 19.6% (4.18 billion US$)
  • United Arab Emirates with a share of 7.33% (1.56 billion US$)
  • Singapore with a share of 6.06% (1.29 billion US$)
  • Japan with a share of 4.86% (1.03 billion US$)
  • USA with a share of 3.81% (813 million US$)
  • Malaysia with a share of 3% (641 million US$)
  • Thailand with a share of 2.43% (518 million US$)
  • Other Asia, nes with a share of 2.26% (481 million US$)
  • Hong Kong with a share of 2.05% (438 million US$)

Sri Lanka Import Data Sample

Benefits Of Sri Lanka Import Data

1. FIND ACTIVE/LIVE BUYERS & SUPPLIERS: Sri Lanka import data is based on actual shipping bill documents. You will get active importers & exporters of your product with Sri Lanka import trade data. This is Sri Lanka import custom data it gives you result of most recent shipments globally.

2. FIND MORE LEADS: Sri Lanka import database allows you to gain insights in a relatively short amount of time, while your team can spend time on other things. You can directly reach to Buyers/Suppliers of your product and generate leads easily with the help of Sri Lanka import shipment data.

3. TRACK YOUR COMPETITIORS: It is vitally important to know who your competitor is and how they are performing. With the help of Sri Lanka import trade data you can track your competitor shipments. To succeed in your respected industry, you need to understand who you’re up against. With the help of Sri Lanka import customs data you can keep ‘eye wide open’ on each and every activity of your competitor.

4. EMERGING MARKET TREND: If you treat your market research as an ongoing exercise that you do periodically, you’ll find that you’ll have a lot of database to be able to analyses your customers and establish any particular trends. Sri Lanka import customs trade data are using by all Large, Medium & Small companies for more efficient Market analysis.

5. MINIMIZE ANY INVESTMENT RISK: For any business, it is very important to reduce any risk and minimize investment where possible to maximize their profit. By using Sri Lanka import data you can find easily which leads convert at a higher rate for a lower cost and you can cut out unnecessary spending.

6. KNOW YOUR CURRENT & POTENTIAL CLIENT: You will have all the details about your current and potential clients through Sri Lanka import trade database. Sri Lanka import customs data works as a fuel to your business and its success on many levels. These are the people who purchase and repurchase your product or service and are also the people who are recommending it to other potential future customers.

7. UNDERSTAND YOUR COMPETITION: A businesses competition can easily overtake them if they aren’t careful and do not pay attention to competitor’s actions. However, if the business were to monitor what their competition are doing they can make attempts to counter them more effectively. Through Sri Lanka import statistics data you can understand the active competition & threats in the market.

8. CREATE YOUR BUSINESS PLANS: For a good market plan it is very necessary to do regular research and find out your target market through Sri Lanka import data. A Business plan outlines what your overall objective is and should detail how you’re going to get there. Research is base for this plan and many companies benefited by Customs trade data which gives you real time analysis for your business plans.

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We Import Globals provides you a platform to reach direct suppliers & buyers of your product. You can check by using our Sri Lanka import trade statistics data out all trade activities between Sri Lanka and other countries. We have recorded more than 80 million of shipment records from over 8 million businesses in 18 countries.

We have established top leading name in the market by serving more than 5000 clients and they are highly satisfied with our services.

Use right way to grow your business by using Import Globals Sri Lanka customs data

Our Expert team will be happy to provide you solution on your business through Global trade data.

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