Bangladesh (BGD) and Sri Lanka (LKA) Trade | The Observatory of Economic Complexity

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Bangladesh-Sri Lanka Trade: In 2023, Bangladesh exported $67.4M to Sri Lanka. The main products that Bangladesh exported to Sri Lanka were Packaged Medicaments ($25.8M), Knit Women's Undergarments ($12.5M), and Knit T-shirts ($3.69M). Over the past 6 years the exports of Bangladesh to Sri Lanka have increased at an annualized rate of 7.53%, from $43.6M in 2017 to $67.4M in 2023.

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

Sri Lanka-Bangladesh In N/A, Sri Lanka did not export any products to Bangladesh.

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

Comparison: In 2023, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B). 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, Bangladesh exported $67.4M to Sri Lanka. The main products exported from Bangladesh to Sri Lanka were Packaged Medicaments ($25.8M), Knit Women's Undergarments ($12.5M), and Knit T-shirts ($3.69M). During the last 6 years the exports of Bangladesh to Sri Lanka have increased at an annualized rate of 7.53%, from $43.6M in 2017 to $67.4M in 2023.

Sri Lanka does not register exports to Bangladesh. The main products exported from Sri Lanka to Bangladesh were Audio Alarms ($34.7M), Refined Petroleum ($25.7M), and Light Rubberized Knitted Fabric ($24.9M).

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

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

Latest Data

Trade between Bangladesh () and Sri Lanka ()

Sri Lanka Exports

Date

Feb 2012

Jan 2012

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Sri Lanka
Top DestinationUnited States$2.98B

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

In 2023, countries that imported more from Bangladesh than Sri Lanka included Germany ($8.28B), United States ($8.58B), and Spain ($3.95B).

In 2023, countries that imported more from Sri Lanka than Bangladesh included Maldives ($168M), Russia ($146M), and Iraq ($131M).

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

Comparative Advantage Bangladesh - Sri Lanka

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with Sri Lanka in the exports of Textiles ($31.7M), Chemical Products ($29.8M), and Paper Goods ($2.59M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Sri Lanka+$3.86kNon-Knit Men's Suits

Top Product Potential Sri Lanka Bangladesh+$3.53kOther Women's Undergarments

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 Bangladesh and Sri Lanka. This means that a dot/product with the flag of Bangladesh 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 Bangladesh.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Bangladesh () and Sri Lanka ()

Sri Lanka Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - Sri Lanka

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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