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2022
Flag → Flag
Exports $1.04BRnk 3 / 194
2022
Flag → Flag
Top Product $124MKnit Babies' Garments
2022
Flag → Flag
Exports $195MRnk 87 / 224
2022
Flag → Flag
Top Product $13.9MHard Liquor
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 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$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Sri Lanka-United Kingdom Trade: In 2022, Sri Lanka exported $1.04B to United Kingdom. The main products that Sri Lanka exported to United Kingdom were Knit Babies' Garments ($124M), Non-Knit Women's Suits ($108M), and Knit Women's Suits ($86.7M). Over the past 5 years the exports of Sri Lanka to United Kingdom have increased at an annualized rate of 0.18%, from $1.03B in 2017 to $1.04B in 2022.

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

United Kingdom-Sri Lanka Trade: In 2022, United Kingdom exported $195M to Sri Lanka. The main products that United Kingdom exported to Sri Lanka were Hard Liquor ($13.9M), Uncoated Paper ($13.8M), and Gas Turbines ($10.7M). Over the past 5 years the exports of United Kingdom to Sri Lanka have decreased at an annualized rate of 6.18%,  from $268M in 2017 to $195M in 2022.

In 2022, United Kingdom 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $1.04B to United Kingdom. The main products exported from Sri Lanka to United Kingdom were Knit Babies' Garments ($124M), Non-Knit Women's Suits ($108M), and Knit Women's Suits ($86.7M). During the last 5 years the exports of Sri Lanka to United Kingdom have increased at an annualized rate of 0.18%, from $1.03B in 2017 to $1.04B in 2022.

In 2017, United Kingdom exported $195M to Sri Lanka. The main products exported from United Kingdom to Sri Lanka were Hard Liquor ($13.9M), Uncoated Paper ($13.8M), and Gas Turbines ($10.7M). During the last 5 years the exports of United Kingdom to Sri Lanka have decreased at an annualized rate of 6.18%, from $268M in 2022 to $195M in 2017.

Exports from Sri Lanka (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Sri Lanka (Flag) (2022)

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$3.52B
United Kingdom
Top DestinationUnited States$61.8B

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 2022, countries that imported more from Sri Lanka than United Kingdom included Maldives ($128M), Syria ($36M), and Haiti ($29.5M).

In 2022, countries that imported more from United Kingdom than Sri Lanka included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

Difference in imports from United Kingdom (Flag) and Sri Lanka (Flag) (2022)

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 2022, Sri Lanka had a large net trade with United Kingdom in the exports of Textiles ($765M), Plastics and Rubbers ($41.8M), and Machines ($36.8M).

During 2017, United Kingdom had a large net trade with Sri Lanka in the exports of Machines ($53.8M), Chemical Products ($26.6M), and Foodstuffs ($24.6M).

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) (2022)

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