Sri Lanka (LKA) and Canada (CAN) Trade | The Observatory of Economic Complexity

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Sri Lanka-Canada Trade: In 2023, Sri Lanka exported $379M to Canada. The main products that Sri Lanka exported to Canada were Knit Sweaters ($36.3M), Other Women's Undergarments ($28.2M), and Non-Knit Women's Suits ($26.6M). Over the past 5 years the exports of Sri Lanka to Canada have increased at an annualized rate of 5.39%, from $292M in 2018 to $379M in 2023.

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

Canada-Sri Lanka Trade: In 2023, Canada exported $124M to Sri Lanka. The main products that Canada exported to Sri Lanka were Wheat ($73.9M), Diamonds ($13.1M), and Dried Legumes ($9.95M). Over the past 5 years the exports of Canada to Sri Lanka have decreased at an annualized rate of 8.62%, from $195M in 2018 to $124M in 2023.

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 2023, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B). That same year, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Sri Lanka exported $379M to Canada. The main products exported from Sri Lanka to Canada were Knit Sweaters ($36.3M), Other Women's Undergarments ($28.2M), and Non-Knit Women's Suits ($26.6M). During the last 5 years the exports of Sri Lanka to Canada have increased at an annualized rate of 5.39%, from $292M in 2018 to $379M in 2023.

In 2018, Canada exported $124M to Sri Lanka. The main products exported from Canada to Sri Lanka were Wheat ($73.9M), Diamonds ($13.1M), and Dried Legumes ($9.95M). During the last 5 years the exports of Canada to Sri Lanka have decreased at an annualized rate of 8.62%, from $195M in 2023 to $124M in 2018.

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

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

Latest Data

Trade between Sri Lanka () and Canada ()

Sri Lanka Exports

Date

Feb 2012

Jan 2012

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Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sri Lanka
Top DestinationUnited States$2.98B

Canada
Top DestinationUnited States$410B

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 2023, countries that imported more from Sri Lanka than Canada included Maldives ($168M), Russia ($146M), and Azerbaijan ($60.8M).

In 2023, countries that imported more from Canada than Sri Lanka included United States ($410B), China ($31.1B), and United Kingdom ($18B).

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

Comparative Advantage Sri Lanka - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Sri Lanka had a large net trade with Canada in the exports of Textiles ($241M), Plastics and Rubbers ($31.7M), and Machines ($29.3M).

During 2018, Canada had a large net trade with Sri Lanka in the exports of Vegetable Products ($85.6M), Precious Metals ($13.2M), and Machines ($8.47M).

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 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

Can Year

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 () to Sri Lanka () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Sri Lanka () and Canada ()

Sri Lanka Exports

Canada Exports

Market Competitiveness

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

Comparative Advantage Sri Lanka - Canada

Potential Exports

Potential Exports

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Bilateral Service Trade

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

Service Trade

Economic Complexity

Competitive Landscape

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

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