2022
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GDP
$74.4BCURRENT US$
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2012-2022
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GDP GROWTH
5.62%CURRENT US$
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2022
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 GDP
$6.19BCURRENT US$
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2012-2022
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GDP GROWTH
114%CURRENT US$
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GDP PC 
$3,354CURRENT US$
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GDP PC GROWTH
0.074%CURRENT US$
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2022
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GDP PC
$11,818CURRENT US$
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2012-2022
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GDP PC GROWTH
58.7%CURRENT US$
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About

Sri Lanka-Maldives In 2022, Sri Lanka exported $128M to Maldives. The main products that Sri Lanka exported to Maldives are Insulated Wire ($14.6M), Raw Iron Bars ($6.37M), and Other Vegetables ($5.67M). During the last 27 years the exports of Sri Lanka to Maldives have increased at an annualized rate of 8.34%, from $14.7M in 1995 to $128M in 2022.

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

Maldives-Sri Lanka In 2022, Maldives exported $2.74M to Sri Lanka. The main products that Maldives exported to Sri Lanka were Fish: dried, salted, smoked or in brine ($1.46M), Live Fish ($315k), and Iron Structures ($282k). During the last 27 years the exports of Maldives to Sri Lanka have decreased at an annualized rate of 5.07%, from $11.2M in 1995 to $2.74M in 2022.

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

Comparison In 2022,  Sri Lanka ranked 80 in the Economic Complexity Index (ECI -0.42),  and 89 in total exports ($14.8B). That same year, Maldives ranked 166 in total exports ($689M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $128M to Maldives. The main products exported from Sri Lanka to Maldives were Insulated Wire ($14.6M), Raw Iron Bars ($6.37M), and Other Vegetables ($5.67M). During the last 27 years the exports of Sri Lanka to Maldives have increased at an annualized rate of 8.34%, from $14.7M in 1995 to $128M in 2022.

In 2022, Maldives exported $2.74M to Sri Lanka. The main products exported from Maldives to Sri Lanka were Fish: dried, salted, smoked or in brine ($1.46M), Live Fish ($315k), and Iron Structures ($282k). During the last 27 years the exports of Maldives to Sri Lanka have decreased at an annualized rate of 5.07%, from $11.2M in 1995 to $2.74M in 2022.

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

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

Latest Data

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

Sri Lanka Exports

Date

Maldives Exports

Market Competitiveness

Color
Sri Lanka
Top Destination
United States$3.52B
Maldives
Top Destination
India$488M

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

In 2021, countries that imported more from Sri Lanka than Maldives were United States ($3.52B), United Kingdom ($1.04B), and Germany ($881M).

In 2021, countries that imported more from Maldives than Sri Lanka were Thailand ($79.4M) and Namibia ($1.15M).

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

Comparative Advantage Sri Lanka - Maldives

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Maldives in the exports of Vegetable Products ($25.2M), Machines ($23.6M), and Foodstuffs ($18M).

During 2022, Maldives had a large net trade with Sri Lanka in the exports of Animal Products ($2.06M), Metals ($370k), and Foodstuffs ($137k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Sri Lanka has comparative advantage over Maldives. Similarly, the more yellow a dot/product is, the more Maldives has comparative advantage over Sri Lanka.

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

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