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2022
Flag → Flag
Exports $429MRnk 7 / 194
2022
Flag → Flag
Top Product $75.8MKnit T-shirts
2022
Flag → Flag
Exports $97.5MRnk 87 / 215
2022
Flag → Flag
Top Product $38.6MPotassic Fertilizers
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 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$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186

About

Sri Lanka-Canada Trade: In 2022, Sri Lanka exported $429M to Canada. The main products that Sri Lanka exported to Canada were Knit T-shirts ($75.8M), Other Women's Undergarments ($30.3M), and Knit Women's Suits ($28.6M). Over the past 5 years the exports of Sri Lanka to Canada have increased at an annualized rate of 12.3%, from $240M in 2017 to $429M in 2022.

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

Canada-Sri Lanka Trade: In 2022, Canada exported $97.5M to Sri Lanka. The main products that Canada exported to Sri Lanka were Potassic Fertilizers ($38.6M), Wheat ($11.4M), and Dried Legumes ($11.1M). Over the past 5 years the exports of Canada to Sri Lanka have decreased at an annualized rate of 7.41%,  from $195M in 2017 to $97.5M in 2022.

In 2020, Canada exported services to Sri Lanka worth $5.97M, with Computer and information services ($5.22M) and Royalties and license fees ($746k) being the largest in terms of value.

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, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $429M to Canada. The main products exported from Sri Lanka to Canada were Knit T-shirts ($75.8M), Other Women's Undergarments ($30.3M), and Knit Women's Suits ($28.6M). During the last 5 years the exports of Sri Lanka to Canada have increased at an annualized rate of 12.3%, from $240M in 2017 to $429M in 2022.

In 2017, Canada exported $97.5M to Sri Lanka. The main products exported from Canada to Sri Lanka were Potassic Fertilizers ($38.6M), Wheat ($11.4M), and Dried Legumes ($11.1M). During the last 5 years the exports of Canada to Sri Lanka have decreased at an annualized rate of 7.41%, from $195M in 2022 to $97.5M in 2017.

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

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

Latest Data

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

Sri Lanka Exports

Date

Canada Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Canada
Top DestinationUnited States$438B

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

In 2022, countries that imported more from Sri Lanka than Canada included Maldives ($128M), Azerbaijan ($76M), and Iraq ($164M).

In 2022, countries that imported more from Canada than Sri Lanka included United States ($438B), China ($25.4B), and Japan ($14.3B).

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

Comparative Advantage Sri Lanka - Canada

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Canada in the exports of Textiles ($292M), Plastics and Rubbers ($35.7M), and Machines ($23.8M).

During 2017, Canada had a large net trade with Sri Lanka in the exports of Chemical Products ($40.2M), Vegetable Products ($23.5M), and Machines ($13.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Canada+$10.6MNon-Knit Women's Suits
Top Product Potential Canada Sri Lanka+$4.98MWheat

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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Bilateral Service Trade

In 2020, Canada exported services to Sri Lanka worth $5.97M, with Computer and information services ($5.22M) and Royalties and license fees ($746k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to Sri Lanka (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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