NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $60.8MRnk 40 / 200
2023
Flag → Flag
Top Product $51.9MTea
2023
Flag → Flag
Exports $4.73MRnk 127 / 137
2023
Flag → Flag
Top Product $672Apples and Pears
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
Flag  
GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
Flag
GDP GROWTH9.55%CURRENT US$
Rnk 157 / 195
2023
Flag
 GDP$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP GROWTH-2.43%CURRENT US$
Rnk 173 / 195
2023
Flag
GDP PC $3,828CURRENT US$
Rnk 132 / 195
2013-2023
Flag
GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195
2023
Flag
GDP PC$7,126CURRENT US$
Rnk 103 / 196
2013-2023
Flag
GDP PC GROWTH-9.52%CURRENT US$
Rnk 168 / 195

About

Sri Lanka-Azerbaijan Trade: In 2023, Sri Lanka exported $60.8M to Azerbaijan. The main products that Sri Lanka exported to Azerbaijan were Tea ($51.9M), Coconut and Other Vegetable Fibers ($4.36M), and Other Vegetable Products ($605k). Over the past 5 years the exports of Sri Lanka to Azerbaijan have increased at an annualized rate of 5.35%, from $46.8M in 2018 to $60.8M in 2023.

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

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

In 2023, Azerbaijan 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, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sri Lanka exported $60.8M to Azerbaijan. The main products exported from Sri Lanka to Azerbaijan were Tea ($51.9M), Coconut and Other Vegetable Fibers ($4.36M), and Other Vegetable Products ($605k). During the last 5 years the exports of Sri Lanka to Azerbaijan have increased at an annualized rate of 5.35%, from $46.8M in 2018 to $60.8M in 2023.

Azerbaijan does not register exports to Sri Lanka. The main products exported from Azerbaijan to Sri Lanka were Apples and Pears ($672), Used Clothing ($300), and Iron Housewares ($200).

Exports from Sri Lanka (Flag) to Azerbaijan (Flag) (2023)

Exports from Azerbaijan (Flag) to Sri Lanka (Flag) (2023)

Latest Data

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

Sri Lanka Exports

Date

Azerbaijan Exports

Date

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$2.98B
Azerbaijan
Top DestinationItaly$11.4B

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

In 2023, countries that imported more from Sri Lanka than Azerbaijan included United States ($2.98B), United Kingdom ($900M), and Canada ($379M).

In 2023, countries that imported more from Azerbaijan than Sri Lanka included Italy ($11.4B), Turkey ($5.85B), and Greece ($1.27B).

Difference in imports from Azerbaijan (Flag) and Sri Lanka (Flag) (2023)

Comparative Advantage Sri Lanka - Azerbaijan

Flow
Scale

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

During 2023, Sri Lanka had a large net trade with Azerbaijan in the exports of Vegetable Products ($52.7M), Textiles ($6.08M), and Plastics and Rubbers ($1.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Azerbaijan+$470kRubber Tires
Top Product Potential Azerbaijan Sri Lanka+$4.83kRefined Petroleum

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

Product Space of Sri Lanka (Flag) and Azerbaijan (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms