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2022
Flag → Flag
Exports $84.3kRnk 179 / 194
2022
Flag → Flag
Top Product $73.2kThermostats
2022
Flag → Flag
Exports $689kRnk 32 / 80
2022
Flag → Flag
Top Product $688kLight Rubberized Knitted Fabric
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$280MCURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP GROWTH55.5%CURRENT US$
Rnk 49 / 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$6,728CURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP PC GROWTH95.3%CURRENT US$
Rnk 9 / 186

About

Sri Lanka-Marshall Islands Trade: In 2022, Sri Lanka exported $84.3k to Marshall Islands. The main products that Sri Lanka exported to Marshall Islands were Thermostats ($73.2k), Insulated Wire ($6.75k), and Compasses ($2.35k). Over the past 8 years the exports of Sri Lanka to Marshall Islands have decreased at an annualized rate of 26.6%, from $1.01M in 2014 to $84.3k in 2022.

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

Marshall Islands-Sri Lanka Trade: In 2022, Marshall Islands exported $689k to Sri Lanka. The main products that Marshall Islands exported to Sri Lanka were Light Rubberized Knitted Fabric ($688k) and Synthetic Fabrics ($1k). Over the past 8 years the exports of Marshall Islands to Sri Lanka have increased at an annualized rate of 186%,  from $155 in 2014 to $689k in 2022.

In 2022, Marshall Islands 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, Marshall Islands ranked 160 in total exports ($1.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $84.3k to Marshall Islands. The main products exported from Sri Lanka to Marshall Islands were Thermostats ($73.2k), Insulated Wire ($6.75k), and Compasses ($2.35k). During the last 8 years the exports of Sri Lanka to Marshall Islands have decreased at an annualized rate of 26.6%, from $1.01M in 2014 to $84.3k in 2022.

In 2017, Marshall Islands exported $689k to Sri Lanka. The main products exported from Marshall Islands to Sri Lanka were Light Rubberized Knitted Fabric ($688k) and Synthetic Fabrics ($1k). During the last 5 years the exports of Marshall Islands to Sri Lanka have increased at an annualized rate of 186%, from $155 in 2022 to $689k in 2017.

Exports from Sri Lanka (Flag) to Marshall Islands (Flag) (2022)

Exports from Marshall Islands (Flag) to Sri Lanka (Flag) (2022)

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Marshall Islands
Top DestinationGermany$327M

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

In 2022, countries that imported more from Sri Lanka than Marshall Islands included United States ($3.52B), India ($1.12B), and United Kingdom ($1.04B).

In 2022, countries that imported more from Marshall Islands than Sri Lanka included Denmark ($159M), Malta ($66.2M), and Tanzania ($41M).

Difference in imports from Marshall Islands (Flag) and Sri Lanka (Flag) (2022)

Comparative Advantage Sri Lanka - Marshall Islands

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Marshall Islands in the exports of Instruments ($75.5k) and Machines ($8.77k).

During 2017, Marshall Islands had a large net trade with Sri Lanka in the exports of Textiles ($689k).

Economic Complexity

Competitive Landscape

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

Product Space of Sri Lanka (Flag) and Marshall Islands (Flag) (2022)

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