Sri Lanka (LKA) and Mexico (MEX) Trade | The Observatory of Economic Complexity

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Sri Lanka-Mexico Trade: In 2023, Sri Lanka exported $210M to Mexico. The main products that Sri Lanka exported to Mexico were Cinnamon ($44.8M), Knit Women's Undergarments ($18.3M), and Other Women's Undergarments ($14.2M). Over the past 5 years the exports of Sri Lanka to Mexico have increased at an annualized rate of 0.7%, from $202M in 2018 to $210M in 2023.

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

Mexico-Sri Lanka Trade: In 2023, Mexico exported $11.1M to Sri Lanka. The main products that Mexico exported to Sri Lanka were Other Organic Compounds ($2.03M), Yeast ($880k), and Other Vegetable Products ($829k). Over the past 5 years the exports of Mexico to Sri Lanka have increased at an annualized rate of 45.8%, from $1.68M in 2018 to $11.1M in 2023.

In 2023, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Sri Lanka exported $210M to Mexico. The main products exported from Sri Lanka to Mexico were Cinnamon ($44.8M), Knit Women's Undergarments ($18.3M), and Other Women's Undergarments ($14.2M). During the last 5 years the exports of Sri Lanka to Mexico have increased at an annualized rate of 0.7%, from $202M in 2018 to $210M in 2023.

In 2018, Mexico exported $11.1M to Sri Lanka. The main products exported from Mexico to Sri Lanka were Other Organic Compounds ($2.03M), Yeast ($880k), and Other Vegetable Products ($829k). During the last 5 years the exports of Mexico to Sri Lanka have increased at an annualized rate of 45.8%, from $1.68M in 2023 to $11.1M in 2018.

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

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

Latest Data

Trade between Sri Lanka () and Mexico ()

Sri Lanka Exports

Date

Feb 2012

Jan 2012

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Mexico Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sri Lanka
Top DestinationUnited States$2.98B

Mexico
Top DestinationUnited States$456B

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

In 2023, countries that imported more from Sri Lanka than Mexico included Bangladesh ($177M), Maldives ($168M), and Russia ($146M).

In 2023, countries that imported more from Mexico than Sri Lanka included United States ($456B), Canada ($33B), and China ($15B).

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

Comparative Advantage Sri Lanka - Mexico

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Sri Lanka had a large net trade with Mexico in the exports of Textiles ($112M), Vegetable Products ($57.8M), and Machines ($18.7M).

During 2018, Mexico had a large net trade with Sri Lanka in the exports of Chemical Products ($3.46M), Machines ($2.98M), and Foodstuffs ($1.62M).

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 Mexico+$6.69MRubber Tires

Top Product Potential Mexico Sri Lanka+$6.65kRefined Petroleum

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

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Sri Lanka () and Mexico ()

Sri Lanka Exports

Mexico Exports

Market Competitiveness

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

Comparative Advantage Sri Lanka - Mexico

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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