Sri Lanka and India in the past few years have been globally emerging as a top global trader because of the revolutionary developments of the industrial sectors and the pivotal initiatives of the professional trade management authorities. The economic ties with top global traders and the specific trade agreements with leading trade destinations have been stabilizing the sustainable growth of the countries. The value of bilateral trade exchange between the two trade destinations has reached a hike from early 2019 with an approximate value of 7.3 billion US dollars.

The striving economic goals of both the nation and the increasing investment of the government in the trade management authorities have recorded a bilateral trade exchange value of 12 billion US dollars in 2023.

What Are the Top 10 Imports of Sri Lanka From India in 2023?

The sturdy strengthening trade relations of the nation and the increasing demands of the Sri Lankan authorities from India have led to a wide range of exports from the tricolored nation. According to the Sri Lanka Import Data, the top 10 imports of the nation from India in 2023 are,

1. Petroleum Products – Export value – 9 billion US dollars

Subcategories

• Refined Fuels
• Lubricants
• Asphalt and Bitumen
• Petrochemical Feedstocks
• Liquefied Petroleum Gas

2. Machinery and Equipment – Export value – 6 billion US dollars

Subcategories

• Construction Machinery
• Agricultural Machinery
• Industrial Machinery
• Material Handling Equipment
• Power Generation Equipment

3. Iron and Steel – Export value – 5 billion US dollars

Subcategories

• Carbon Steel
• Alloy Steel
• Stainless Steel
• Cast Iron
• Wrought Iron

4. Electronics – Export value – 4 billion US dollars

Subcategories

• Consumer Electronics
• Industrial Electronics
• Communication Electronics
• Power Electronics
• Embedded Systems

5. Pharmaceuticals – Export value – 3.8 billion US dollars

Subcategories

• Prescription Drugs
• Over-the-counter (OTC) Drugs
• Biopharmaceuticals (Biologics)
• Generics
• Specialty Pharmaceuticals

6. Organic Chemicals – Export value – 2.5 billion US dollars

Subcategories

• Petrochemicals
• Pharmaceuticals and Medicinal Chemicals
• Agrochemicals
• Polymers and Plastics
• Fine Chemicals

7. Plastic Products – Export value – 2.2 billion US dollars

Subcategories

• Packaging Plastics
• Consumer Goods
• Automotive Plastics
• Building and Construction Plastics
• Medical Plastics

8. Bicycles – Export value – 1.8 billion US dollars

Subcategories

• Road Bikes
• Mountain Bikes (MTBs)
• Hybrid Bikes
• Cruiser Bikes
• Electric Bikes (E-bikes)

9. Textiles – Export value – 1.5 billion US dollars

Subcategories

• Apparel Fabrics
• Home Textiles
• Technical Textiles
• Upholstery Fabrics
• Nonwoven Fabrics

10. Fruits and Vegetables – Export value – 1 billion US dollars

Subcategories

• Leafy Vegetables
• Root Vegetables
• Fruiting Vegetables
• Citrus Fruits
• Berries and Small Fruits

Top 10 Import Companies of Sri Lanka in 2023

According to the Sri Lanka Customs Data, the driving sectors facilitating the import trade rate of the nation from its significant trade partner India for the fulfillment of the domestic and export accounting necessities are discussed below,

• Hayleys PLC – Valuation of imports from India – 8 billion US dollars.

IMPORTED GOODS

1. Textile Raw Materials
2. Chemicals and Agrochemicals
3. Electrical and Electronic Components
4. Automotive Parts and Components
5. Food and Beverages

• Aitken Spence PLC – Valuation of imports from India – 7 billion US dollars.

IMPORTED GOODS

1. Textile and Garment Raw Materials
2. Agrochemicals and Fertilizers
3. Machinery and Industrial Equipment
4. Electrical and Electronic Components
5. Pharmaceutical

• Ceylon Tobacco Company PLC – Valuation of imports from India – 6 billion US dollars.

IMPORTED GOODS

1. Tobacco Leaf
2. Packaging Materials
3. Cigarette Manufacturing Machinery and Components
4. Raw Materials for Cigarette Production
5. Pharmaceutical Products and Healthcare Items

• Laugfs Holdings Limited – Valuation of imports from India – 5 billion US dollars.

IMPORTED GOODS

1. Liquefied Petroleum Gas (LPG)
2. Industrial Chemicals and Raw Materials
3. Automotive Parts and Components
4. Textiles and Apparel
5. Electrical and Electronics Products

• Hemas Holdings PLC – Valuation of imports from India – 4 billion US dollars.

IMPORTED GOODS

1. Pharmaceuticals
2. Personal Care Products and Ingredients
3. Textiles and Garments
4. Chemicals for Manufacturing
5. Packaging Materials

• Expolanka Holdings PLC – Valuation of imports from India – 3 billion US dollars.

IMPORTED GOODS

1. Textiles and Garments
2. Logistics Equipment and Machinery
3. Chemicals and Industrial Products
4. Electrical and Electronics Equipment
5. Pharmaceutical and Medical Supplies

• Piramal Glass Ceylon PLC – Valuation of imports from India – 2 billion US dollars.

IMPORTED GOODS

1. Glass Raw Materials
2. Coloring Agents and Glass Additives
3. Glassware Molds and Tools
4. Packaging Materials
5. Industrial Chemicals

• DHL Express (Sri Lanka) Ltd – Valuation of imports from India – 1.8 billion US dollars.

IMPORTED GOODS

1. Logistics Equipment and Infrastructure
2. Packaging Materials
3. IT Equipment and Software
4. Vehicle Spare Parts
5. Industrial Chemicals

• Huawei Technologies Lanka Company Pvt Ltd – Valuation of imports from India – 1.5 billion US dollars.

IMPORTED GOODS

1. Telecommunications Equipment and Components
2. Mobile Phone Components
3. Semiconductors and Integrated Circuits
4. Software and IT Solutions
5. Electrical and Electronics Components

• Nestle Lanka PLC – Valuation of imports from India – 1 billion US dollars.

IMPORTED GOODS

1. Food Ingredients
2. Packaging Materials
3. Flavoring and Seasoning Mixes
4. Cocoa and Chocolate Ingredients
5. Machinery and Processing Equipment

FAQ’s

Que. What is the top import of Sri Lanka from India in 2023?
Ans. Petroleum products are the top import of Sri Lanka in 2023.

Que. Name the top importing company in Sri Lanka in 2023.
Ans. Hayley’s PLC is the top importing company of Sri Lanka in 2023.

Que. What is the import trade value of Sri Lanka from India in 2023?
Ans. The export trade value of Sri Lanka from India in 2023 is 12 billion US dollars.

Que. Where can you get the detailed trade analysis of the Sri Lanka imports from India in 2023?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of Sri Lanka imports from India in 2023.

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