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2022
Flag → Flag
Exports $225MRnk 15 / 194
2022
Flag → Flag
Top Product $34.1MAudio Alarms
2022
Flag → Flag
Exports $84.2MRnk 47 / 139
2022
Flag → Flag
Top Product $21.2MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.82Rnk 101 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$460BCURRENT US$
Rnk 34 / 186
2012-2022
Flag
GDP GROWTH245%CURRENT US$
Rnk 2 / 186
2022
Flag
GDP PC $3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC$2,688CURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP PC GROWTH207%CURRENT US$
Rnk 2 / 186

About

Sri Lanka-Bangladesh Trade: In 2022, Sri Lanka exported $225M to Bangladesh. The main products that Sri Lanka exported to Bangladesh were Audio Alarms ($34.1M), Refined Petroleum ($29.5M), and Light Rubberized Knitted Fabric ($22.8M). Over the past 6 years the exports of Sri Lanka to Bangladesh have increased at an annualized rate of 11.2%, from $119M in 2016 to $225M in 2022.

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

Bangladesh-Sri Lanka Trade: In 2022, Bangladesh exported $84.2M to Sri Lanka. The main products that Bangladesh exported to Sri Lanka were Packaged Medicaments ($21.2M), Non-Knit Women's Suits ($6.54M), and Non-Knit Men's Suits ($6.13M). Over the past 6 years the exports of Bangladesh to Sri Lanka have increased at an annualized rate of 14.4%,  from $42.9M in 2016 to $84.2M in 2022.

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

Comparison: In 2022,  Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B). That same year, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $225M to Bangladesh. The main products exported from Sri Lanka to Bangladesh were Audio Alarms ($34.1M), Refined Petroleum ($29.5M), and Light Rubberized Knitted Fabric ($22.8M). During the last 6 years the exports of Sri Lanka to Bangladesh have increased at an annualized rate of 11.2%, from $119M in 2016 to $225M in 2022.

In 2017, Bangladesh exported $84.2M to Sri Lanka. The main products exported from Bangladesh to Sri Lanka were Packaged Medicaments ($21.2M), Non-Knit Women's Suits ($6.54M), and Non-Knit Men's Suits ($6.13M). During the last 5 years the exports of Bangladesh to Sri Lanka have increased at an annualized rate of 14.4%, from $42.9M in 2022 to $84.2M in 2017.

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

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

Latest Data

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

Sri Lanka Exports

Date

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Bangladesh
Top DestinationUnited States$11.7B

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

In 2022, countries that imported more from Sri Lanka than Bangladesh included Iraq ($164M), Russia ($146M), and Maldives ($128M).

In 2022, countries that imported more from Bangladesh than Sri Lanka included Germany ($10.2B), United States ($11.7B), and Spain ($4.41B).

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

Comparative Advantage Sri Lanka - Bangladesh

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Bangladesh in the exports of Textiles ($53.5M), Mineral Products ($49M), and Machines ($37.5M).

During 2017, Bangladesh had a large net trade with Sri Lanka in the exports of Textiles ($42.6M), Chemical Products ($27.8M), and Vegetable Products ($4.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Bangladesh+$3.53kOther Women's Undergarments
Top Product Potential Bangladesh Sri Lanka+$3.86kNon-Knit Men's Suits

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 Sri Lanka and Bangladesh. This means that a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over Bangladesh. Similarly, a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Sri Lanka.

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

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