Flag Japan / Sri Lanka Flag

Exports FlagFlag  (2018): $1.17B, Rnk 46 / 207

Top Product FlagFlag (2018): $809M, Cars

Exports FlagFlag (2018): $260M, Rnk 10 / 125

Top Product FlagFlag (2018): $48.9M, Tea

Economic Complexity of Flag (2018): ECI 2.17, Rnk 1 / 137

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

GDP Flag (2018): $4.97T, CURRENT US$
Rnk 3 / 196

GDP GROWTH Flag (2008-2018): -1.32%, CURRENT US$
Rnk 169 / 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): $39,290, CURRENT US$
Rnk 27 / 196

GDP PC GROWTH Flag (2008-2018): -0.13%, CURRENT US$
Rnk 146 / 196

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

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

Japan-Sri Lanka: In 2018, Japan exported $1.17B to Sri Lanka. The main products exported from Japan to Sri Lanka were Cars ($809M), Delivery Trucks ($79.9M), and Large Construction Vehicles ($18.6M). During the last 23 years the exports of Japan to Sri Lanka have increased at an annualized rate of 4.5%, from $426M in 1995 to $1.17B in 2018.

Sri Lanka-Japan: In 2018, Sri Lanka exported $260M to Japan. The main products exported from Sri Lanka to Japan were Tea ($48.9M), Crustaceans ($13.6M), and Other Vegetable Products ($12.9M). During the last 23 years the exports of Sri Lanka to Japan have increased at an annualized rate of 0.79%, from $217M in 1995 to $260M in 2018.

Comparison: In 2018, Japan ranked 1 in the Economic Complexity Index (ECI 2.17), and 4 in total exports ($713B). 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, Japan was ranked 27 with a GDP Per Capita of $39,290, 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, Japan exported $1.17B to Sri Lanka. The main products exported from Japan to Sri Lanka were Cars ($809M), Delivery Trucks ($79.9M), and Large Construction Vehicles ($18.6M). During the last 23 years the exports of Japan to Sri Lanka have increased at an annualized rate of 4.5%, from $426M in 1995 to $1.17B in 2018.

In 2018, Sri Lanka exported $260M to Japan. The main products exported from Sri Lanka to Japan were Tea ($48.9M), Crustaceans ($13.6M), and Other Vegetable Products ($12.9M). During the last 23 years the exports of Sri Lanka to Japan have increased at an annualized rate of 0.79%, from $217M in 1995 to $260M in 2018.

Date

Market Competitiveness

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Measure

Japan
Top Destination
: China, $139B

Sri Lanka
Top Destination
: United States, $2.69B

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

In 2018, countries that imported more from Japan than Sri Lanka were China ($139B), United States ($135B), and South Korea ($51.5B).

In 2018, countries that imported more from Sri Lanka than Japan were Maldives ($162M).

Comparative Advantage Japan - Sri Lanka

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Depth

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

During 2018, Japan had a large net trade with Sri Lanka in the exports of Transportation ($939M), Machines ($106M), and Plastics and Rubbers ($34.5M).

During 2018, Sri Lanka had a large net trade with Japan in the exports of Vegetable Products ($70.6M), Textiles ($66.4M), and Plastics and Rubbers ($22.4M).

Tariff Section

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

In 2018, the products from Japan that paid the highest import tariffs to enter Sri Lanka were Glucose including syrup of 20%-50% dry weight fructos (43.3%) and Fructose, syrup > 50% fructose, not pure fructose (43.3%).

In 2018, the products from Sri Lanka that paid the highest import tariffs to enter Japan 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 Japan and Sri Lanka are:
130: Japan Generalized System of Preference
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between Japan 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 Japan has comparative advantage over Sri Lanka. Similarly, the more red a dot/product is, the more Sri Lanka has comparative advantage over Japan.