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Pricing

2022
Flag → Flag
Exports $16.4MRnk 66 / 194
2022
Flag → Flag
Top Product $9.85MCinnamon
2022
Flag → Flag
Exports $1.3MRnk N/A / N/A
2022
Flag → Flag
Top Product $1.23MRaw Tobacco
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133

About

Sri Lanka-Ecuador Trade: In 2022, Sri Lanka exported $16.4M to Ecuador. The main products that Sri Lanka exported to Ecuador were Cinnamon ($9.85M), Peat ($770k), and Activated Carbon ($734k). Over the past 5 years the exports of Sri Lanka to Ecuador have increased at an annualized rate of 8.38%, from $11M in 2017 to $16.4M in 2022.

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

Ecuador-Sri Lanka Trade: In 2022, Ecuador exported $1.3M to Sri Lanka. The main products that Ecuador exported to Sri Lanka were Raw Tobacco ($1.23M), Newsprint ($45.1k), and Hard Liquor ($16k). Over the past 5 years the exports of Ecuador to Sri Lanka have decreased at an annualized rate of 21.8%,  from $4.45M in 2017 to $1.3M in 2022.

In 2022, Ecuador 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, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $16.4M to Ecuador. The main products exported from Sri Lanka to Ecuador were Cinnamon ($9.85M), Peat ($770k), and Activated Carbon ($734k). During the last 5 years the exports of Sri Lanka to Ecuador have increased at an annualized rate of 8.38%, from $11M in 2017 to $16.4M in 2022.

In 2017, Ecuador exported $1.3M to Sri Lanka. The main products exported from Ecuador to Sri Lanka were Raw Tobacco ($1.23M), Newsprint ($45.1k), and Hard Liquor ($16k). During the last 5 years the exports of Ecuador to Sri Lanka have decreased at an annualized rate of 21.8%, from $4.45M in 2022 to $1.3M in 2017.

Latest Data

Sri Lanka Exports

Date

Comparative Advantage Sri Lanka - Ecuador

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Ecuador in the exports of N/A.

During 2017, Ecuador had a large net trade with Sri Lanka in the exports of Foodstuffs ($1.25M), Paper Goods ($45.1k), and Wood Products ($4.76k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Ecuador+$2.37kAnimal Food
Top Product Potential Ecuador Sri Lanka+$4.91kRefined Petroleum

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 Ecuador. This means that a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over Ecuador. Similarly, a dot/product with the flag of Ecuador indicates it has a comparative advantage over Sri Lanka.

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

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