United States / Sri Lanka

Overview In January 2024, United States exported $23.2M and imported $260M from Sri Lanka, resulting in a negative trade balance of $237M. Between January 2023 and January 2024 the exports of United States have decreased by $-6.99M (-23.1%) from $30.2M to $23.2M, while imports decreased by $-68.5M (-20.9%) from $329M to $260M.

Trade In January 2024, the top exports of United States to Sri Lanka were Soybean Meal ($10.2M), Commodities not elsewhere specified ($8M), Telephones ($1.21M), Metallic Yarn ($1.04M), and Non-Retail Synthetic Staple Fibers Yarn ($557k). In January 2024 the top imports of United States from Sri Lanka were Precious Stones ($69.9M), Knit Women's Undergarments ($23.6M), Other Women's Undergarments ($21M), Non-Knit Women's Suits ($19.3M), and Used Rubber Tires ($17M).

Origins In January 2024 the exports of United States were mainly from Virginia ($3.58M), Pennsylvania ($3.26M), Illinois ($1.6M), California ($1.58M), and Georgia ($1.51M), while imports destinations were mainly New York ($54M), Ohio ($42.6M), California ($29.5M), Georgia ($17.6M), and New Jersey ($11.6M).

Growth In January 2024, the decrease in United States's year-by-year exports to Sri Lanka was explained primarily by an decrease in product exports in Starch Residue ($-826k or -86.8%), Optical Fibers and optical fibre bundles ($-614k or -77.7%), and Kraft Paper ($-478k or -65.5%). In January 2024, the decrease in United States's year-by-year imports  from Sri Lanka was explained primarily by an decrease in product imports  in Other Women's Undergarments ($-5.48M or -20.7%), Knit Men's Undergarments ($-4.59M or -48.1%), and Knit Sweaters ($-3.5M or -23.7%).