Indonesia-Sri Lanka Trade Grew Rapidly in 2021

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Dzulfiqar Fathur Rahman 23/08/2022 16:50 WIB

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The value of trade in goods between Indonesia and Sri Lanka reached US$433.22 million in 2021, a 48.06% increase from the previous year.

Indonesia-Sri Lanka Trade Value (1989–2021)

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Indonesia-Sri Lanka Trade Grew Rapidly in 2021

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Indonesia-Sri Lanka Trade Value (1989–2021)

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Citing the United Nations Comtrade database, in 2021 the value of goods trade between Indonesia and Sri Lanka reached US$433.22 million.

This figure grew by 48.06% year-on-year (yoy), marking a record high since 2013.

In 2021, the value of Indonesian goods exported to Sri Lanka grew by 42.82% (yoy) to US$379.87 million. The value of goods imported also grew by 100.34% (yoy) to US$53.34 million.

Thus, Indonesia recorded a surplus of US$326.53 million from trade with Sri Lanka in 2021. This surplus is larger than the US$239.33 million surplus recorded the previous year.

Since the beginning of 2022, Sri Lanka has experienced a national economic crisis, which subsequently led to mass demonstrations and a political crisis. Amidst this crisis, Sri Lankan President Gotabaya Rajapaksa resigned and was officially replaced by President Ranil Wickremesinghe on July 21, 2022.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Indonesia-Sri Lanka Trade Grew Rapidly in 2021

Indonesia-Sri Lanka Trade Grew Rapidly in 2021

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Indonesia-Sri Lanka Trade Grew Rapidly in 2021

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