2023
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GDP
$336BCURRENT US$
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2013-2023
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GDP GROWTH
21%CURRENT US$
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2023
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 GDP
$84.4BCURRENT US$
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2013-2023
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GDP GROWTH
9.55%CURRENT US$
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2023
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GDP PC 
$17,068CURRENT US$
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2013-2023
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GDP PC GROWTH
8.83%CURRENT US$
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2023
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GDP PC
$3,828CURRENT US$
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2013-2023
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GDP PC GROWTH
2.34%CURRENT US$
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About

Chile-Sri Lanka Trade: In 2023, Chile exported $11.5M to Sri Lanka. The main products that Chile exported to Sri Lanka were Processed Fish ($8.48M), Wine ($1.65M), and Kaolin Coated Paper ($486k). Over the past 5 years the exports of Chile to Sri Lanka have decreased at an annualized rate of 2.91%, from $13.3M in 2018 to $11.5M in 2023.

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

Sri Lanka-Chile Trade: In 2023, Sri Lanka exported $43.5M to Chile. The main products that Sri Lanka exported to Chile were Tea ($27.2M), Cinnamon ($2.81M), and Knit T-shirts ($1.45M). Over the past 5 years the exports of Sri Lanka to Chile have decreased at an annualized rate of 4.67%,  from $55.2M in 2018 to $43.5M in 2023.

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

Comparison: In 2023,  Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B). 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
Value

In 2023, Chile exported $11.5M to Sri Lanka. The main products exported from Chile to Sri Lanka were Processed Fish ($8.48M), Wine ($1.65M), and Kaolin Coated Paper ($486k). During the last 5 years the exports of Chile to Sri Lanka have decreased at an annualized rate of 2.91%, from $13.3M in 2018 to $11.5M in 2023.

In 2018, Sri Lanka exported $43.5M to Chile. The main products exported from Sri Lanka to Chile were Tea ($27.2M), Cinnamon ($2.81M), and Knit T-shirts ($1.45M). During the last 5 years the exports of Sri Lanka to Chile have decreased at an annualized rate of 4.67%, from $55.2M in 2023 to $43.5M in 2018.

Exports from Chile (Flag) to Sri Lanka (Flag) (2023)

Exports from Sri Lanka (Flag) to Chile (Flag) (2023)

Market Competitiveness

Color
Chile
Top Destination
China$38.2B
Sri Lanka
Top Destination
United States$2.98B

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

In 2023, countries that imported more from Chile than Sri Lanka included China ($38.2B), United States ($15.7B), and Japan ($7.1B).

In 2023, countries that imported more from Sri Lanka than Chile included United Kingdom ($900M), Maldives ($168M), and Bangladesh ($177M).

Difference in imports from Sri Lanka (Flag) and Chile (Flag) (2023)

Comparative Advantage Chile - Sri Lanka

Flow
Scale

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

During 2023, Chile had a large net trade with Sri Lanka in the exports of Foodstuffs ($10.2M), Paper Goods ($632k), and Chemical Products ($498k).

During 2018, Sri Lanka had a large net trade with Chile in the exports of Vegetable Products ($30.9M), Textiles ($8.37M), and Plastics and Rubbers ($2.27M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Sri Lanka+$438kKaolin Coated Paper
Top Product Potential Sri Lanka Chile+$1.71MKnit T-shirts

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

Product Space of Chile (Flag) and Sri Lanka (Flag) (2023)

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