Terms of Trade: Terms of trade, i.e., the ratio of the price of exports to the price of imports, deteriorated by 9.0 per cent in August 2022, compared to August 2021, as the increase in import prices surpassed the increase in export prices. Figure 1: Major Contributory Factors for the Y-o-Y decline in the Trade Deficit 1. Macro-Economic Overview in Sri Lanka (2000-2022) 1.1 Performance of International Trade Figure1.1: Performance of International Trade Source: Central Bank of Sri Lanka, Different Years Figure 1.1 represents the exports and import performance in Sri Lanka during the last two decades. Imports structure to Sri Lanka in 2022 represented by the following main commodity groups: 22% (3.98 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; 6.02% (1.05 billion US$): 60 - Knitted or crocheted fabrics 5.87% (1.03 billion US$): 84 - The Industrial and Construction Statistics Division of the Department of Census and Statistics compiles the following information annually based on the data of Sri Lanka Customs and Central bank of Sri Lanka. Total imports by value, country of origin and major groups such as Consumer Goods, Intermediate Goods and Investment Goods. Total Imports '000 MT 260 277 6.7 365 320 (12.2) Cement 2021 2022 (a) Greater Colombo Housing Approvals Index (b) 1995 = 100 Quarter 1 83.0 133.3 Year 2020 2021 2022 Item Unit 2020 2021 (a) Y-o-Y Change (%) 60.6 Quarter 2 40.7 61.9 Central Bank of Sri Lanka 2022 2022 Meanwhile, total import expenditure in 2022 amounted to US dollars 18,291 million, recording a decline of 11.4 per cent, year-on-year, resulted from measures to restrict non-urgent imports and liquidity constraints prevailed in the market for the most part of 2022. VhJAQJj.

sri lanka import statistics 2022