India (IND) and Sri Lanka (LKA) Trade | The Observatory of Economic Complexity

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India-Sri Lanka In 2022, India exported $6.59B to Sri Lanka. The main products that India exported to Sri Lanka are Refined Petroleum ($2.38B), Special Purpose Ships ($574M), and Light Rubberized Knitted Fabric ($300M). During the last 27 years the exports of India to Sri Lanka have increased at an annualized rate of 11%, from $397M in 1995 to $6.59B in 2022.

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

Sri Lanka-India In 2022, Sri Lanka exported $1.12B to India. The main products that Sri Lanka exported to India were Crude Petroleum ($132M), Animal Food ($115M), and Pepper ($69.4M). During the last 27 years the exports of Sri Lanka to India have increased at an annualized rate of 14%, from $32.4M in 1995 to $1.12B in 2022.

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

Comparison In 2022, India ranked 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B). 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

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Overview In January 2024, India exported $313M and imported $282M from Sri Lanka, resulting in a positive trade balance of $30.4M. Between January 2023 and January 2024 the exports of India have decreased by $-1.22M (-0.39%) from $314M to $313M, while imports increased by $213M (310%) from $68.9M to $282M.

Trade In January 2024, the top exports of India to Sri Lanka were Ship, Boat And Floating Struct ($61.6M), Petroleum Products ($36.1M), Sugar ($28.8M), Cotton Fabrics, Madeups Etc. ($23.7M), and Drug Formulations, Biologicals ($17.5M). In January 2024 the top imports of India from Sri Lanka were Other Commodities ($13.3M), Spices ($9.71M), Pearl, Precs, Semiprecs Stones ($4.55M), Rmg Cotton Incl Accessories ($3.76M), and Manmade Staple Fibre ($3.7M).

Growth In January 2024, the decrease in India's year-by-year exports to Sri Lanka was explained primarily by an decrease in product exports in Ship, Boat And Floating Struct ($-289M or -82.4%), Petroleum Products ($-71.7M or -66.5%), and Rice(Other Than Basmoti) ($-46M or -99%). In January 2024, the increase in India's year-by-year imports from Sri Lanka was explained primarily by an increase in product imports in Pearl, Precs, Semiprecs Stones ($3.31M or 268%), Other Commodities ($2.81M or 26.8%), and Rmg Cotton Incl Accessories ($2.18M or 138%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-1.22M(-0.39%)

IMPORT GROWTH (January 2023 - January 2024)$213M(310%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $6.59B to Sri Lanka. The main products exported from India to Sri Lanka were Refined Petroleum ($2.38B), Special Purpose Ships ($574M), and Light Rubberized Knitted Fabric ($300M). During the last 27 years the exports of India to Sri Lanka have increased at an annualized rate of 11%, from $397M in 1995 to $6.59B in 2022.

In 2022, Sri Lanka exported $1.12B to India. The main products exported from Sri Lanka to India were Crude Petroleum ($132M), Animal Food ($115M), and Pepper ($69.4M). During the last 27 years the exports of Sri Lanka to India have increased at an annualized rate of 14%, from $32.4M in 1995 to $1.12B in 2022.

Exports from India () to Sri Lanka () (2022)

Exports from Sri Lanka () to India () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Sri Lanka
Top DestinationUnited States$3.52B

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

In 2021, countries that imported more from India than Sri Lanka were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2021, countries that imported more from Sri Lanka than India were American Samoa ($622k) and Anguilla ($168k).

Difference in imports from Sri Lanka () and India () (2022)

Comparative Advantage India - Sri Lanka

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with Sri Lanka in the exports of Mineral Products ($2.43B), Textiles ($878M), and Transportation ($820M).

During 2022, Sri Lanka had a large net trade with India in the exports of Mineral Products ($221M), Vegetable Products ($180M), and Foodstuffs ($171M).

Economic Complexity

Competitive Landscape

Year

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 India has comparative advantage over Sri Lanka. Similarly, the more yellow a dot/product is, the more Sri Lanka has comparative advantage over India.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from India () to Sri Lanka () (2022)

Exports from Sri Lanka () to India () (2022)

Market Competitiveness

Difference in imports from Sri Lanka () and India () (2022)

Comparative Advantage India - Sri Lanka

Economic Complexity

Competitive Landscape

Product Space of India () and Sri Lanka () (2022)

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