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Pricing

2022
Flag → Flag
Exports $73.2kRnk 132 / 154
2022
Flag → Flag
Top Product $21.4kSilicone
2022
Flag → Flag
Exports $5.52MRnk 97 / 194
2022
Flag → Flag
Top Product $2.16MTea
2022
Flag
Economic Complexity (ECI) ECI 0.036Rnk 64 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag  
GDP$24.6BCURRENT US$
Rnk 109 / 186
2012-2022
Flag
GDP GROWTH49.2%CURRENT US$
Rnk 64 / 186
2022
Flag
 GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
GDP PC $6,628CURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP PC GROWTH49.9%CURRENT US$
Rnk 36 / 186
2022
Flag
GDP PC$3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

Georgia-Sri Lanka Trade: In 2022, Georgia exported $73.2k to Sri Lanka. The main products that Georgia exported to Sri Lanka were Silicone ($21.4k), Photocopiers ($17.9k), and Plastic Lids ($13.7k). Over the past 5 years the exports of Georgia to Sri Lanka have decreased at an annualized rate of 26.9%, from $350k in 2017 to $73.2k in 2022.

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

Sri Lanka-Georgia Trade: In 2022, Sri Lanka exported $5.52M to Georgia. The main products that Sri Lanka exported to Georgia were Tea ($2.16M), Activated Carbon ($1.75M), and Packaged Medicaments ($405k). Over the past 5 years the exports of Sri Lanka to Georgia have increased at an annualized rate of 6.3%,  from $1.95M in 2017 to $5.52M in 2022.

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

Comparison: In 2022,  Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B). That same year, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Georgia exported $73.2k to Sri Lanka. The main products exported from Georgia to Sri Lanka were Silicone ($21.4k), Photocopiers ($17.9k), and Plastic Lids ($13.7k). During the last 5 years the exports of Georgia to Sri Lanka have decreased at an annualized rate of 26.9%, from $350k in 2017 to $73.2k in 2022.

In 2017, Sri Lanka exported $5.52M to Georgia. The main products exported from Sri Lanka to Georgia were Tea ($2.16M), Activated Carbon ($1.75M), and Packaged Medicaments ($405k). During the last 5 years the exports of Sri Lanka to Georgia have increased at an annualized rate of 6.3%, from $1.95M in 2022 to $5.52M in 2017.

Exports from Georgia (Flag) to Sri Lanka (Flag) (2022)

Exports from Sri Lanka (Flag) to Georgia (Flag) (2022)

Latest Data

Trade between Georgia (Flag) and Sri Lanka (Flag)

Georgia Exports

Sri Lanka Exports

Date

Market Competitiveness

Color
Georgia
Top DestinationChina$759M
Sri Lanka
Top DestinationUnited States$3.52B

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

In 2022, countries that imported more from Georgia than Sri Lanka included Azerbaijan ($668M), Armenia ($571M), and Bulgaria ($502M).

In 2022, countries that imported more from Sri Lanka than Georgia included United States ($3.52B), United Kingdom ($1.04B), and India ($1.12B).

Difference in imports from Sri Lanka (Flag) and Georgia (Flag) (2022)

Comparative Advantage Georgia - Sri Lanka

Flow
Scale

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

During 2022, Georgia had a large net trade with Sri Lanka in the exports of Plastics and Rubbers ($35.5k), Instruments ($23.1k), and Machines ($7.46k).

During 2017, Sri Lanka had a large net trade with Georgia in the exports of Vegetable Products ($2.57M), Chemical Products ($2.16M), and Textiles ($279k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Georgia Sri Lanka+$3.17kRefined Petroleum
Top Product Potential Sri Lanka Georgia+$2.05kRubber Tires

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

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

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