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Pricing

2023
Flag → Flag
Exports $900MRnk 4 / 200
2023
Flag → Flag
Top Product $87.2MKnit Babies' Garments
2023
Flag → Flag
Exports $209MRnk 89 / 223
2023
Flag → Flag
Top Product $49.6MGas Turbines
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
Flag
GDP GROWTH9.55%CURRENT US$
Rnk 157 / 195
2023
Flag
 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 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$49,464CURRENT US$
Rnk 26 / 196
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Sri Lanka-United Kingdom Trade: In 2023, Sri Lanka exported $900M to United Kingdom. The main products that Sri Lanka exported to United Kingdom were Knit Babies' Garments ($87.2M), Non-Knit Women's Suits ($83.1M), and Knit Women's Suits ($68.7M). Over the past 5 years the exports of Sri Lanka to United Kingdom have increased at an annualized rate of 1.85%, from $822M in 2018 to $900M in 2023.

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

United Kingdom-Sri Lanka Trade: In 2023, United Kingdom exported $209M to Sri Lanka. The main products that United Kingdom exported to Sri Lanka were Gas Turbines ($49.6M), Hard Liquor ($29.1M), and Packaged Medicaments ($8.36M). Over the past 5 years the exports of United Kingdom to Sri Lanka have decreased at an annualized rate of 11.6%,  from $388M in 2018 to $209M in 2023.

In 2023, United Kingdom 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, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sri Lanka exported $900M to United Kingdom. The main products exported from Sri Lanka to United Kingdom were Knit Babies' Garments ($87.2M), Non-Knit Women's Suits ($83.1M), and Knit Women's Suits ($68.7M). During the last 5 years the exports of Sri Lanka to United Kingdom have increased at an annualized rate of 1.85%, from $822M in 2018 to $900M in 2023.

In 2018, United Kingdom exported $209M to Sri Lanka. The main products exported from United Kingdom to Sri Lanka were Gas Turbines ($49.6M), Hard Liquor ($29.1M), and Packaged Medicaments ($8.36M). During the last 5 years the exports of United Kingdom to Sri Lanka have decreased at an annualized rate of 11.6%, from $388M in 2023 to $209M in 2018.

Exports from Sri Lanka (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Sri Lanka (Flag) (2023)

Latest Data

Trade between Sri Lanka (Flag) and United Kingdom (Flag)

Sri Lanka Exports

Date

United Kingdom Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$2.98B
United Kingdom
Top DestinationUnited States$59.7B

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

In 2023, countries that imported more from Sri Lanka than United Kingdom included Maldives ($168M), Syria ($43.4M), and Guinea-Bissau ($1.24M).

In 2023, countries that imported more from United Kingdom than Sri Lanka included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

Difference in imports from United Kingdom (Flag) and Sri Lanka (Flag) (2023)

Comparative Advantage Sri Lanka - United Kingdom

Flow
Scale

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

During 2023, Sri Lanka had a large net trade with United Kingdom in the exports of Textiles ($625M), Plastics and Rubbers ($43.3M), and Machines ($40.2M).

During 2018, United Kingdom had a large net trade with Sri Lanka in the exports of Machines ($74.5M), Foodstuffs ($41.6M), and Chemical Products ($22.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka United Kingdom+$15.8MKnit Sweaters
Top Product Potential United Kingdom Sri Lanka+$8.49MPackaged Medicaments

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

Product Space of Sri Lanka (Flag) and United Kingdom (Flag) (2023)

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