ශ්රී ලංකා ප්රජාතාන්ත්රික සමාජවාදී ජනරජයේ කොන්සියුලේට් ජනරාල් කාර්යාලය ටොරොන්ටෝ
டொரொண்டோவிலுள்ள இலங்கை ஜனநாயக சோசலிஸ்ட் குடியரசின் தலைமை தூதரக அலுவலகம்
Consulate General of the Democratic Socialist Republic of Sri Lanka in Toronto
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Canada remains an important trade and investment partner for Sri Lanka, with strong bilateral cooperation in trade, tourism, investment, and people-to-people connections. The trade balance has consistently remained in favour of Sri Lanka, driven largely by apparel exports, tea, coconut-based products, and rubber products.
Trade Performance (2021–2025)
| Year | Exports (US$ Mn) | Imports (US$ Mn) | Total Trade (US$ Mn) | Trade Balance | Import Coverage (%) |
|---|---|---|---|---|---|
| 2021 | 312.99 | 119.11 | 432.10 | 193.88 | 262.77 |
| 2022 | 360.83 | 101.89 | 462.72 | 258.94 | 354.14 |
| 2023 | 293.77 | 124.06 | 417.83 | 169.71 | 236.80 |
| 2024 | 320.19 | 103.09 | 423.28 | 217.10 | 310.59 |
| 2025 | 317.08 | 123.84 | 440.92 | 193.24 | 256.04 |
Key Highlights
| Product | Value (US$ Mn) | Share (%) |
|---|---|---|
| Apparel | 196.28 | 61.30 |
| Retreaded Rubber Tyres | 14.87 | 4.64 |
| Vegetable Textile Fibres | 11.71 | 3.66 |
| Printed Circuits | 8.67 | 2.71 |
| Tea | 6.26 | 1.96 |
| Vulcanised Rubber Products | 5.60 | 1.75 |
| Rubber Apparel & Gloves | 5.54 | 1.73 |
| Desiccated Coconut | 5.17 | 1.62 |
| Liquid Coconut Milk | 4.85 | 1.52 |
| Fresh Fish & Seafood | 4.49 | 1.40 |
Export Sector Insights
Apparel continued to dominate Sri Lanka’s exports to Canada, accounting for over 61% of total exports in 2024. Other growing sectors included:
Leading Import Products (2024)
| Product | Value (US$ Mn) | Share (%) |
|---|---|---|
| Wheat & Meslin | 37.40 | 36.28 |
| Diamonds | 22.91 | 22.22 |
| Dried Leguminous Vegetables | 11.99 | 11.63 |
| Newsprint | 5.06 | 4.91 |
| Plastics & Articles Thereof | 4.71 | 4.57 |
| Electronic Integrated Circuits | 1.94 | 1.89 |
Import Sector Insights
Canada remained an important supplier of:
Canada’s General Preferential Tariff (GPT) scheme, introduced in 1974, continues to support Sri Lankan exports to the Canadian market. The latest scheme is effective from 2025–2034.
Sri Lanka’s Exports under GPT Scheme
| Year | Value (US$ Mn) |
|---|---|
| 2017 | 90.47 |
| 2018 | 71.36 |
| 2019 | 73.55 |
| 2020 | 61.05 |
| 2021 | 87.91 |
| 2022 | 84.88 |
| 2023 | 72.90 |
| 2024 | 89.86 |
Potential Areas for Export Expansion
Sri Lanka has significant potential to further expand exports to Canada in the following sectors:
Investment Overview
Key Investment Trends
| Year | Investment (US$ Mn) |
|---|---|
| 2014 | 41.53 |
| 2016 | 40.24 |
| 2018 | 29.30 |
| 2023 | 2.27 |
| 2024 Q3 | 1.02 |
Investment Sectors
Canadian investments in Sri Lanka have included:
Canada remains an important tourism source market for Sri Lanka.
Tourist Arrivals from Canada
| Year | Arrivals |
|---|---|
| 2018 | 52,681 |
| 2019 | 48,729 |
| 2020 | 12,436 |
| 2021 | 5,079 |
| 2022 | 26,845 |
| 2023 | 43,944 |
| 2024 | 42,212 |
| 2025 | 46,133 |
Tourism Highlights
Nature and wildlife
Wellness and Ayurveda
Beaches and adventure tourism
Culture and heritage experiences
Looking Ahead
Sri Lanka and Canada continue to enjoy strong bilateral relations supported by growing trade, tourism, investment, and business partnerships. Emerging opportunities in sustainable products, value-added agriculture, tourism, and technology are expected to further strengthen economic cooperation between the two countries.
Important Business Associations promoting business links between Canada and Sri Lanka
Canada- Sri Lanka Business Convention - https://www.csbconvention.org/
Canadian Chamber of Commerce in Sri Lanka - https://www.canchamlk.com/
Trade
Toronto Tech Week, May 25-29, 2026, Toronto, ON www.torontotechweek.com
North American Tea Conference, September 22-24, 2026, Niagara-on-the Lake, ON www.tea.ca/natc2026
CHFA Now Conference & Trade Show September 25-27, 2026, Toronto, ON www.chfanow.ca
Grocery Innovations Canada, October 27-28, 2026, Toronto, ON www.groceryinnovations.com
Restaurants Canada, March 7-9, 2027, Missasauga, ON www.rcshow.restaurantscanada.org
SIAL Canada, April 27-29, 2027, Toronto,ON www.sialcanada.com
Investment
PADC 2027 Mineral Exploration & Mining Convention, March 7-10, 2027,Toronto
https://pdac.ca/convention-2027
Tourism
International Tourism and Travel Show 2026, 30th October-01st November 2026, Montreal
Vancouver International Travel Expo, 10th October 2026, Vancouver, www.vitexpo.ca
The Outdoor Adventure Show, February 19-21, 2027, Mississauga, ON, www.outdooradventureshow.ca
