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2022
Flag → Flag
Exports $13MRnk 73 / 194
2022
Flag → Flag
Top Product $2.76MRubber Tires
2022
Flag → Flag
Exports $33MRnk 62 / 205
2022
Flag → Flag
Top Product $12.3MMalt Extract
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC $3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Sri Lanka-Philippines Trade: In 2022, Sri Lanka exported $13M to Philippines. The main products that Sri Lanka exported to Philippines were Rubber Tires ($2.76M), Tea ($1.76M), and Non-Knit Women's Suits ($899k). Over the past 5 years the exports of Sri Lanka to Philippines have decreased at an annualized rate of 19.5%, from $38.5M in 2017 to $13M in 2022.

In 2022, Sri Lanka did not export any services to Philippines.

Philippines-Sri Lanka Trade: In 2022, Philippines exported $33M to Sri Lanka. The main products that Philippines exported to Sri Lanka were Malt Extract ($12.3M), Activated Carbon ($8.53M), and Saturated Acyclic Monocarboxylic Acids ($2.48M). Over the past 5 years the exports of Philippines to Sri Lanka have increased at an annualized rate of 0.8%,  from $31.7M in 2017 to $33M in 2022.

In 2022, Philippines did not export any services to Sri Lanka.

Comparison: In 2022,  Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B). That same year, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $13M to Philippines. The main products exported from Sri Lanka to Philippines were Rubber Tires ($2.76M), Tea ($1.76M), and Non-Knit Women's Suits ($899k). During the last 5 years the exports of Sri Lanka to Philippines have decreased at an annualized rate of 19.5%, from $38.5M in 2017 to $13M in 2022.

In 2017, Philippines exported $33M to Sri Lanka. The main products exported from Philippines to Sri Lanka were Malt Extract ($12.3M), Activated Carbon ($8.53M), and Saturated Acyclic Monocarboxylic Acids ($2.48M). During the last 5 years the exports of Philippines to Sri Lanka have increased at an annualized rate of 0.8%, from $31.7M in 2022 to $33M in 2017.

Exports from Sri Lanka (Flag) to Philippines (Flag) (2022)

Exports from Philippines (Flag) to Sri Lanka (Flag) (2022)

Latest Data

Trade between Sri Lanka (Flag) and Philippines (Flag)

Sri Lanka Exports

Date

Philippines Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Philippines
Top DestinationUnited States$15.5B

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

In 2022, countries that imported more from Sri Lanka than Philippines included Italy ($662M), Bangladesh ($225M), and Iraq ($164M).

In 2022, countries that imported more from Philippines than Sri Lanka included China ($15.3B), Hong Kong ($12.6B), and United States ($15.5B).

Difference in imports from Philippines (Flag) and Sri Lanka (Flag) (2022)

Comparative Advantage Sri Lanka - Philippines

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Philippines in the exports of Plastics and Rubbers ($3.44M), Textiles ($3.23M), and Vegetable Products ($1.96M).

During 2017, Philippines had a large net trade with Sri Lanka in the exports of Foodstuffs ($13.4M), Chemical Products ($11.7M), and Machines ($1.89M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Philippines+$4.08kKnit Women's Suits
Top Product Potential Philippines Sri Lanka+$5.4kGold

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

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

Product Space of Sri Lanka (Flag) and Philippines (Flag) (2022)

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