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Pricing

2022
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Exports $195MRnk 87 / 224
2022
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Top Product $13.9MHard Liquor
2022
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Exports $1.04BRnk 3 / 194
2022
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Top Product $124MKnit Babies' Garments
2022
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Economic Complexity (ECI) ECI 1.38Rnk 12 / 124
2022
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Economic Complexity (ECI) ECI -0.42Rnk 80 / 124
2022
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GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
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GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
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 GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
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GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
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GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
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GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
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GDP PC$3,354CURRENT US$
Rnk 130 / 186
2012-2022
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GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

United Kingdom-Sri Lanka In 2022, United Kingdom exported $195M to Sri Lanka. The main products that United Kingdom exported to Sri Lanka are Hard Liquor ($13.9M), Uncoated Paper ($13.8M), and Gas Turbines ($10.7M). During the last 27 years the exports of United Kingdom to Sri Lanka have decreased at an annualized rate of 0.55%, from $226M in 1995 to $195M in 2022.

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

Sri Lanka-United Kingdom In 2022, Sri Lanka exported $1.04B to United Kingdom. The main products that Sri Lanka exported to United Kingdom were Knit Babies' Garments ($124M), Non-Knit Women's Suits ($108M), and Knit Women's Suits ($86.7M). During the last 27 years the exports of Sri Lanka to United Kingdom have increased at an annualized rate of 4.51%, from $317M in 1995 to $1.04B in 2022.

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

Comparison In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.38), and 14 in total exports ($469B). That same year, Sri Lanka ranked 80 in the Economic Complexity Index (ECI -0.42), and 89 in total exports ($14.8B).

Latest Trends

January, 2024

About

Overview In January 2024, United Kingdom exported £8.12M and imported £43.3M from Sri Lanka, resulting in a negative trade balance of £35.2M. Between January 2023 and January 2024 the exports of United Kingdom have increased by £540k (7.12%) from £7.58M to £8.12M, while imports decreased by £-14.9M (-25.6%) from £58.2M to £43.3M.

Trade In January 2024, the top exports of United Kingdom to Sri Lanka were Commodities not elsewhere specified (£1.04M), Animal Food (£383k), Medical Instruments (£359k), Electric Generating Sets (£294k), and Other Edible Preparations (£284k). In January 2024 the top imports of United Kingdom from Sri Lanka were Knit Babies' Garments (£6.56M), Documents of title (bonds etc) and... (£5.96M), Non-Knit Women's Suits (£5.53M), Knit Women's Undergarments (£3.05M), and Knit Women's Suits (£2.62M).

Origins In January 2024 the exports of United Kingdom were mainly from London Gateway (£3.38M), London Heathrow Airport (£1.93M), Felixstowe (£1.32M), East Midlands Airport (£303k), and Manchester Airport (£290k), while imports destinations were mainly London Gateway (£17.3M), Felixstowe (£11.8M), London Heathrow Airport (£5.57M), and Belfast (£813k).

Growth In January 2024, the increase in United Kingdom's year-by-year exports to Sri Lanka was explained primarily by an increase in product exports in Commodities not elsewhere specified (£1M or 3.05k%), Medical Instruments (£284k or 381%), and Motor vehicles; parts and accessories (8701... (£234k or 842%). In January 2024, the decrease in United Kingdom's year-by-year imports  from Sri Lanka was explained primarily by an decrease in product imports  in Precious Stones (£-8.49M or -88.7%), Knit Women's Suits (£-1.82M or -41%), and Bicycles, delivery tricycles, other cycles (£-1.61M or -88.8%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)£540k(7.12%)
IMPORT GROWTH (January 2023 - January 2024)£-14.9M(-25.6%)
MAIN EXPORTER (January 2024)London Gateway£3.38M

This section shows exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United Kingdom over time.

To check Sri Lanka and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Sri Lanka and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $195M to Sri Lanka. The main products exported from United Kingdom to Sri Lanka were Hard Liquor ($13.9M), Uncoated Paper ($13.8M), and Gas Turbines ($10.7M). During the last 27 years the exports of United Kingdom to Sri Lanka have decreased at an annualized rate of 0.55%, from $226M in 1995 to $195M in 2022.

In 2022, Sri Lanka exported $1.04B to United Kingdom. The main products exported from Sri Lanka to United Kingdom were Knit Babies' Garments ($124M), Non-Knit Women's Suits ($108M), and Knit Women's Suits ($86.7M). During the last 27 years the exports of Sri Lanka to United Kingdom have increased at an annualized rate of 4.51%, from $317M in 1995 to $1.04B in 2022.

Exports from United Kingdom (Flag) to Sri Lanka (Flag) (2022)

Exports from Sri Lanka (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Sri Lanka
Top DestinationUnited States$3.52B

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

In 2021, countries that imported more from United Kingdom than Sri Lanka were United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2021, countries that imported more from Sri Lanka than United Kingdom were Maldives ($128M), Syria ($36M), and Haiti ($29.5M).

Difference in imports from Sri Lanka (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Sri Lanka

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Sri Lanka in the exports of Machines ($53.8M), Chemical Products ($26.6M), and Foodstuffs ($24.6M).

During 2022, Sri Lanka had a large net trade with United Kingdom in the exports of Textiles ($765M), Plastics and Rubbers ($41.8M), and Machines ($36.8M).

Economic Complexity

Competitive Landscape

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

Product Space of United Kingdom (Flag) and Sri Lanka (Flag) (2022)

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