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Trade between Singapore and Sri Lanka

In 2024, Singapore exported $1.3 billion to Sri Lanka and imported $114 million. Singapore ran a surplus of $1.2 billion with Sri Lanka, compared with a surplus of $619 million in 2019. Sri Lanka was Singapore’s 46th largest trading partner (0.2% of its trade), and Singapore was Sri Lanka’s 5th (4%).

Summary

Singapore → Sri Lanka
$1.3billion
Sri Lanka → Singapore
$114million
Singapore’s balance
$1.2billion

Balance

Singapore’s trade balance with Sri Lanka

Trade between Singapore and Sri Lanka grew 3.3-fold since 1995

USD billions (current). Singapore’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 1.3
  • Imports 0.1
  • Balance +1.2

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$364 million$54 million$311 million
1996$365 million$50 million$315 million
1997$383 million$47 million$336 million
1998$506 million$46 million$460 million
1999$460 million$52 million$408 million
2000$498 million$82 million$416 million
2001$441 million$47 million$394 million
2002$457 million$79 million$378 million
2003$542 million$62 million$480 million
2004$784 million$94 million$690 million
2005$788 million$77 million$711 million
2006$1.2 billion$76 million$1.1 billion
2007$1.1 billion$104 million$1 billion
2008$1.7 billion$108 million$1.6 billion
2009$1.1 billion$135 million$983 million
2010$1.7 billion$217 million$1.5 billion
2011$1.5 billion$483 million$1.1 billion
2012$1.3 billion$130 million$1.2 billion
2013$1.8 billion$171 million$1.7 billion
2014$1.3 billion$181 million$1.1 billion
2015$926 million$113 million$813 million
2016$1.2 billion$127 million$1.1 billion
2017$1.6 billion$223 million$1.4 billion
2018$1.8 billion$94 million$1.7 billion
2019$763 million$144 million$619 million
2020$612 million$135 million$477 million
2021$755 million$140 million$615 million
2022$711 million$156 million$555 million
2023$898 million$115 million$783 million
2024$1.3 billion$114 million$1.2 billion

What they sell each other

What Singapore sells to Sri Lanka

The top 10 headings in 2024, with their share of the total.

  1. Refined petroleum$1 billion · 82.7%
    1.5 million tonnes · Singapore’s destinations
  2. Pesticides and herbicides$17 million · 1.4%
    5 thousand tonnes
  3. Organosulfur compounds$10 million · 0.8%
    4 thousand tonnes
  4. 118 tonnes · Singapore’s destinations
  5. Malt extract and food mixes$9 million · 0.71%
    8 thousand tonnes
  6. Fuel and lubricant additives$9 million · 0.68%
    3 thousand tonnes
  7. Synthetic filament yarn$7 million · 0.53%
    544 tonnes
  8. 64 tonnes
  9. Cocoa powder$6 million · 0.48%
    1 thousand tonnes
  10. Razors and razor blades$6 million · 0.44%
    217 tonnes

What Sri Lanka sells to Singapore

The top 10 headings in 2024, with their share of the total.

  1. Refined petroleum$19 million · 17.1%
    40 thousand tonnes · Singapore’s sources
  2. Control panels$7 million · 6.5%
    14 tonnes
  3. Gemstones$7 million · 6.2%
  4. Perfumes$7 million · 5.9%
    146 tonnes
  5. Tea$4 million · 3.7%
    398 tonnes
  6. Prepared shellfish$4 million · 3.4%
    112 tonnes
  7. Aircraft parts$3 million · 2.8%
    9 tonnes
  8. Spirits$3 million · 2.8%
    87 tonnes
  9. T-shirts$3 million · 2.6%
    59 tonnes
  10. Activated carbon$3 million · 2.4%
    907 tonnes

How it travels

Estimated sea route from Singapore to Colombo.

The estimated sea route between Singapore and Colombo is 1,602 nautical miles (2,967 km) long: ≈ 3.5–5 days at sea (at 18 and 14 knots).

Passages it crosses: Strait of Malacca and Singapore.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$1.3 billion · 92.3%
  2. Air$107 million · 7.7%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Sri Lanka was Singapore’s 46th largest trading partner (0.2% of its trade), and Singapore was Sri Lanka’s 5th (4%).

Sri Lanka in Singapore’s trade
0.2%
Sri Lanka’s rank among Singapore’s partners
46th
Singapore in Sri Lanka’s trade
4.1%
Singapore’s rank among Sri Lanka’s partners
5th

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.