Sri Lanka Italy Trade

	Summarised Report National Statistics of Italy

On this page, we record with pride the steady increase in trade with Italy, in spite of economic upheaval in Sri Lanka and the world, since the formation of our Council.

There has been a significant increase in exports between Sri Lanka and Italy recording an impressive growth, mainly thanks to the BSP Plus concession. A steady growth of exports can be seen, in the table below, and we hope that such growth will continue, with industrial and consumer retail customers in Italy appreciating the potential and quality of Sri Lankan products.

The loss of the GSP Plus on August 15, 2010 is a turning point, and is a challenge to be faced by the entire export industry.

The Balance of Trade in still in Sri Lanka's favour, and shows a growing surplus.

Italian Trade Fairs are among the most attended and productive (in forming new and improving business relationships) in the world.

Events Eye: Trade Fairs in Italy 2011 | Sri Lanka Expo

AUMA : Trade Fairs in Italy 2011

SUMMARY OF SRI LANKA – ITALY TRADE

Year	Exports	Imports	Balance of Trade
1998	4,287	5,370	(1,083)
1999	4,517	5,342	(825)
2000	5,095	4,801	294
2001	5,414	5,900	(486)
2002	6,791	7,992	(1,201)
2003	11,206	11,810	(604)
2004	15.522	13,756	1,766
2005	19,952	15,132	4,820
2006	26,817	16,387	10,430
2007	43,368	23,088	20,281
2008	48,208	25,177	23,032
2009	50,263	19,132	31,132
2010	52,283	22,613	29,670
2011

Source: Ceylon Chamber of Commerce

PERCENTAGE OF TOTAL SRI LANKAN TRADE vs. TRADE WITH ITALY

YEAR	EXPORTS	IMPORTS
1998	1.40	1.46
1999	1.42	1.41
2000	1.23	1.01
2001	1.28	1.22
2002	1.50	1.38
2003	2.30	1.87
2004	2.72	1.73
2005	3.18	1.81
2006	3.78	1.61
2007	5.04	1.83
2008	5.26	1.70
2009	5.96	1.77
2010	5.52	1.62
2011

Source: Ceylon Chamber of Commerce

TOTAL SRI LANKA TRADE WITH ALL COUNTRIES

YEAR	EXPORTS	IMPORTS	BALANCE OF TRADE
1998	305,850	369,012	(63,162)
1999	318,810	378,509	(59,699)
2000	412,732	477,489	(64,757)
2001	422,185	483,662	(61,477)
2002	452,140	578,301	(126,161)
2003	486,283	629,882	(143,599)
2004	570,560	796,399	(225,839)
2005	628,046	835,511	(207,465)
2006	710,015	1,016,371	(306,356)
2007	861,091	1,260,607	(399,516)
2008	915,643	1,447,262	(561,619)
2009	843,853	1,083,709	(239,857)
2010	946,682	1,395,257	(448,575)
2011

All figures in LKR millions.

Source: Foreign Trade / Information Division, Ceylon Chamber of Commerce
from raw data supplied by Sri Lanka Customs

Last updated January 27, 2012