Sri Lanka (LKA) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Sri Lanka-Armenia Trade: In 2023, Sri Lanka exported $5.03M to Armenia. The main products that Sri Lanka exported to Armenia were Other Vegetable Products ($1.2M), Coconut and Other Vegetable Fibers ($930k), and Tea ($586k). Over the past 5 years the exports of Sri Lanka to Armenia have increased at an annualized rate of 17.2%, from $2.28M in 2018 to $5.03M in 2023.

In 2023, Sri Lanka did not export any services to Armenia.

Armenia-Sri Lanka In N/A, Armenia did not export any products to Sri Lanka.

In 2023, Armenia did not export any services to Sri Lanka.

Comparison: In 2023, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B). That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Sri Lanka exported $5.03M to Armenia. The main products exported from Sri Lanka to Armenia were Other Vegetable Products ($1.2M), Coconut and Other Vegetable Fibers ($930k), and Tea ($586k). During the last 5 years the exports of Sri Lanka to Armenia have increased at an annualized rate of 17.2%, from $2.28M in 2018 to $5.03M in 2023.

Armenia does not register exports to Sri Lanka. The main products exported from Armenia to Sri Lanka were Computers ($62.2k), Non-Knit Men's Suits ($1.33k), and Hard Liquor ($675).

Exports from Sri Lanka () to Armenia () (2023)

Exports from Armenia () to Sri Lanka () (2023)

Latest Data

Trade between Sri Lanka () and Armenia ()

Sri Lanka Exports

Date

Feb 2012

Jan 2012

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sri Lanka
Top DestinationUnited States$2.98B

Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Sri Lanka than Armenia included United States ($2.98B), India ($991M), and United Kingdom ($900M).

In 2023, countries that imported more from Armenia than Sri Lanka included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

Difference in imports from Armenia () and Sri Lanka () (2023)

Comparative Advantage Sri Lanka - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Sri Lanka had a large net trade with Armenia in the exports of Textiles ($2.86M), Vegetable Products ($1.81M), and Animal Products ($120k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Sri Lanka Armenia+$225kNon-Knit Men's Suits

Top Product Potential Armenia Sri Lanka+$16.8kComputers

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

Year

This visualization shows the product space at the HS4 level with the flags of Sri Lanka and Armenia. This means that a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over Armenia. Similarly, a dot/product with the flag of Armenia indicates it has a comparative advantage over Sri Lanka.

About

Historical Data

Bilateral Trade by Products

Exports from Sri Lanka () to Armenia () (2023)

Exports from Armenia () to Sri Lanka () (2023)

Latest Data

Trade between Sri Lanka () and Armenia ()

Sri Lanka Exports

Armenia Exports

Market Competitiveness

Difference in imports from Armenia () and Sri Lanka () (2023)

Comparative Advantage Sri Lanka - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Sri Lanka () and Armenia () (2023)

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