Main Economic Indicators (2018)
|
GNDP (billion $)
|
88,9
|
|
GNDP Growth Rate (%)
|
%3,2
|
|
Population(million) (2019)
|
21,8
|
|
GNDP Per Capita ($)
|
4.214
|
|
Inflation Rate (%)
|
%4,85
|
|
Unemployment rate (%)
|
%4,1
|
|
Exports ( billion $)
|
11,8
|
|
Imports (billion $)
|
22,3
|
|
Bilateral Trade Volume (million $) (2019)
|
185,7
|
Source: Ministry of Trade, World Bank
The most important export markets for Sri Lanka:
USA, United Kingdom, India, Germany.
Main Countries for Sri Lankan Imports:
India, China, Japan, UAE.
Main Export Items:
Knitted fabric and garments, ready-made garments, textile, coffee, tea,
spices.
Main Import Items:
Petroleum oils, crude oil, nuclear reactors, boiler, railway vehicles,
trams.
Bilateral Economic and Trade Relations Between Sri Lanka and Türkiye
Figures of export, import, trade volume, change (million $)
|
Year
|
Export
|
Import
|
Volume
|
Balance
|
|
2015
|
51,2
|
87,9
|
139,1
|
-36,7
|
|
2016
|
51,6
|
105,1
|
156,7
|
-53,5
|
|
2017
|
70,9
|
113,8
|
184,7
|
-42,9
|
|
2018
|
119,1
|
100,6
|
219,7
|
+18,5
|
|
2019
|
84,3
|
101,4
|
185,7
|
-17,1
|
|
2020/3 months
|
23,2
|
24,7
|
47,9
|
-1,5
|
|
|
|
|
|
|
Source: TÜİK
Main export items:
Steel, iron, synthetic staple fibers, electrical machines and tools.
Main import items:
Cloths and accessories, coffee, tea (Türkiye became top importer of Sri
Lanka tea in 2017)
JEC:
The second Meeting of Türkiye-Sri Lanka Joint Economic Commission (JEC) was
held in Ankara on 11-12 November 2016.
Investments:
Direct capital investments from Türkiye to Sri Lanka including the Turkish
Cooperation and Coordination Agency’s (TIKA) 100 house project is estimated
to be around US $ 3 million. There is no registered Sri Lankan investments
in Türkiye.
Aid:
In 2013-2017, TIKA concluded 17 projects and events in total.
In order to be distributed to those affected by the flood disaster in May
2016, the Turkish Red Crescent sent aid packages consisting of 20 pieces of
16.5 m2 family life tent, 100 solar-powered lamps and 100 blankets. In
addition, clothing was distributed to 500 people by the Turkish Red
Crescent team.
In 2018, TİKA provided equipment and construction support to the Ampara
irrigation dam project run by the NGO “Child Rehabilitation Center”. The
project will provide irrigation to 8,100 acres and will benefit up to
15.000 people.