Armenia (ARM) and Sri Lanka (LKA) Trade | The Observatory of Economic Complexity

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Armenia-Sri Lanka Trade: In 2023, Armenia exported $65.1k to Sri Lanka. The main products that Armenia exported to Sri Lanka were Computers ($62.2k), Non-Knit Men's Suits ($1.33k), and Hard Liquor ($675). Over the past 8 years the exports of Armenia to Sri Lanka have decreased at an annualized rate of 3.31%, from $85.2k in 2015 to $65.1k in 2023.

In 2023, Armenia did not export any services to Sri Lanka.

Sri Lanka-Armenia Trade: In 2023, Sri Lanka exported $5.03M to Armenia. The main products that Sri Lanka exported to Armenia were Other Vegetable Products ($1.2M), Coconut and Other Vegetable Fibers ($930k), and Tea ($586k). Over the past 8 years the exports of Sri Lanka to Armenia have increased at an annualized rate of 12%, from $2.28M in 2015 to $5.03M in 2023.

In 2023, Sri Lanka did not export any services to Armenia.

Comparison: In 2023, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B). That same year, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Armenia exported $65.1k to Sri Lanka. The main products exported from Armenia to Sri Lanka were Computers ($62.2k), Non-Knit Men's Suits ($1.33k), and Hard Liquor ($675). During the last 8 years the exports of Armenia to Sri Lanka have decreased at an annualized rate of 3.31%, from $85.2k in 2015 to $65.1k in 2023.

In 2018, Sri Lanka exported $5.03M to Armenia. The main products exported from Sri Lanka to Armenia were Other Vegetable Products ($1.2M), Coconut and Other Vegetable Fibers ($930k), and Tea ($586k). During the last 5 years the exports of Sri Lanka to Armenia have increased at an annualized rate of 12%, from $2.28M in 2023 to $5.03M in 2018.

Exports from Armenia () to Sri Lanka () (2023)

Exports from Sri Lanka () to Armenia () (2023)

Latest Data

Trade between Armenia () and Sri Lanka ()

Armenia Exports

Date

Sri Lanka Exports

Date

Feb 2012

Jan 2012

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$3.38B

Sri Lanka
Top DestinationUnited States$2.98B

This map shows whether countries import more from Armenia or Sri Lanka. Each country is colored based on the difference in imports they receive from Armenia and Sri Lanka or the difference in the growth in imports.

In 2023, countries that imported more from Armenia than Sri Lanka included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

In 2023, countries that imported more from Sri Lanka than Armenia included United States ($2.98B), India ($991M), and United Kingdom ($900M).

Difference in imports from Sri Lanka () and Armenia () (2023)

Comparative Advantage Armenia - Sri Lanka

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Armenia and Sri Lanka by product, considering products traded by both, Armenia and Sri Lanka.

During 2023, Armenia had a large net trade with Sri Lanka in the exports of Machines ($62.2k), Textiles ($1.33k), and Foodstuffs ($675).

During 2018, Sri Lanka had a large net trade with Armenia in the exports of Textiles ($2.86M), Vegetable Products ($1.81M), and Animal Products ($120k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Sri Lanka+$16.8kComputers

Top Product Potential Sri Lanka Armenia+$225kNon-Knit Men's Suits

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Armenia and Sri Lanka. This means that a dot/product with the flag of Armenia indicates it has a comparative advantage over Sri Lanka. Similarly, a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over Armenia.

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Sri Lanka () (2023)

Exports from Sri Lanka () to Armenia () (2023)

Latest Data

Trade between Armenia () and Sri Lanka ()

Armenia Exports

Sri Lanka Exports

Market Competitiveness

Difference in imports from Sri Lanka () and Armenia () (2023)

Comparative Advantage Armenia - Sri Lanka

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Armenia () and Sri Lanka () (2023)

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