Flag China / Sri Lanka Flag

Exports Flag β†’ Flag  (2018): $4.23B, Rnk 63 / 206

Top Product Flag β†’ Flag (2018): $246M, Light Rubberized Knitted Fabric

Exports Flag β†’ Flag (2018): $334M, Rnk 8 / 125

Top Product Flag β†’ Flag (2018): $59.1M, Tea

Economic Complexity of Flag (2018): ECI 0.89, Rnk 30 / 137

Economic Complexity of Flag (2018): ECI -0.65, Rnk 97 / 137

GDP Flag (2018): $13.6T, CURRENT US$
Rnk 2 / 196

GDP GROWTH Flag (2008-2018): 196%, CURRENT US$
Rnk 6 / 196

GDP Flag (2018): $88.9B, CURRENT US$
Rnk 64 / 196

GDP GROWTH Flag (2008-2018): 118%, CURRENT US$
Rnk 24 / 196

GDP PC Flag (2018): $9,771, CURRENT US$
Rnk 78 / 196

GDP PC GROWTH Flag (2008-2018): 182%, CURRENT US$
Rnk 3 / 196

GDP PC Flag (2018): $4,102, CURRENT US$
Rnk 122 / 196

GDP PC GROWTH Flag (2008-2018): 101%, CURRENT US$
Rnk 15 / 196

China-Sri Lanka: In 2018, China exported $4.23B to Sri Lanka. The main products exported from China to Sri Lanka were Light Rubberized Knitted Fabric ($246M), Refined Petroleum ($192M), and Broadcasting Equipment ($186M). During the last 23 years the exports of China to Sri Lanka have increased at an annualized rate of 15.3%, from $161M in 1995 to $4.23B in 2018.

Sri Lanka-China: In 2018, Sri Lanka exported $334M to China. The main products exported from Sri Lanka to China were Tea ($59.1M), Precious Stones ($29.1M), and Electrical Transformers ($21.4M). During the last 23 years the exports of Sri Lanka to China have increased at an annualized rate of 25%, from $1.96M in 1995 to $334M in 2018.

Comparison: In 2018, China ranked 30 in the Economic Complexity Index (ECI 0.89), and 1 in total exports ($2.59T). That same year, Sri Lanka ranked 97 in the Economic Complexity Index (ECI -0.65), and 84 in total exports ($11.1B). In terms of GDP Per Capita, China was ranked 78 with a GDP Per Capita of $9,771, and Sri Lanka was ranked 122 with a GDP Per Capita of $4,102.

Bilateral Trade by Products

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Depth
Value

In 2018, China exported $4.23B to Sri Lanka. The main products exported from China to Sri Lanka were Light Rubberized Knitted Fabric ($246M), Refined Petroleum ($192M), and Broadcasting Equipment ($186M). During the last 23 years the exports of China to Sri Lanka have increased at an annualized rate of 15.3%, from $161M in 1995 to $4.23B in 2018.

In 2018, Sri Lanka exported $334M to China. The main products exported from Sri Lanka to China were Tea ($59.1M), Precious Stones ($29.1M), and Electrical Transformers ($21.4M). During the last 23 years the exports of Sri Lanka to China have increased at an annualized rate of 25%, from $1.96M in 1995 to $334M in 2018.

Date

Market Competitiveness

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Measure

China
Top Destination
: United States, $499B

Sri Lanka
Top Destination
: United States, $2.69B

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

In 2018, countries that imported more from China than Sri Lanka were United States ($499B), Hong Kong ($282B), and Japan ($155B).

In 2018, no countries were registered that imported more from Sri Lanka than from China.

Comparative Advantage China - Sri Lanka

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Depth

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

During 2018, China had a large net trade with Sri Lanka in the exports of Textiles ($1.11B), Machines ($1.04B), and Metals ($587M).

During 2018, Sri Lanka had a large net trade with China in the exports of Textiles ($107M), Vegetable Products ($62.1M), and Machines ($43.2M).

Tariff Section

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This sections shows import tariffs for products traded between China and Sri Lanka (using the HS6 product classification and the last year reported).

In 2018, the products from China that paid the highest import tariffs to enter Sri Lanka were Vermouth and other flavoured grape wines - pack < 2l (65%) and Vermouth and other flavoured grape wines - pack > 2l (65%).

In 2018, the products from Sri Lanka that paid the highest import tariffs to enter China were Cigars, cheroots, cigarettes, with tobacco substitute (250%) and Tobacco: smoking, water pipe tobacco as specified in Subheading Note 1 to this Chapter, whether or not containing tobacco substitutes in any proportion (250%).

Explore Tariff Data

*The tariffs present between China and Sri Lanka are:
125: General duty rate
136: Most Favoured Nation duty rate treatement
343: Preferential trade agreement (APTA) Asia-Pacific Trade Agreement or (Previously named:Bangkok Agreement)

Trade Forecasts

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This section shows a forecast for total trade between China and Sri Lanka. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more China has comparative advantage over Sri Lanka. Similarly, the more red a dot/product is, the more Sri Lanka has comparative advantage over China.