2022
Flag  
GDP
$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH
5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP
$247BCURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP GROWTH
40.3%CURRENT US$
Rnk 82 / 186
2022
Flag
GDP PC 
$3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH
0.074%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC
$48,249CURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP PC GROWTH
20.7%CURRENT US$
Rnk 86 / 186

About

Sri Lanka-New Zealand Trade: In 2022, Sri Lanka exported $38.5M to New Zealand. The main products that Sri Lanka exported to New Zealand were Tea ($7.58M), Used Rubber Tires ($1.83M), and Knit Gloves ($1.74M). Over the past 5 years the exports of Sri Lanka to New Zealand have increased at an annualized rate of 2.99%, from $33.2M in 2017 to $38.5M in 2022.

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

New Zealand-Sri Lanka Trade: In 2022, New Zealand exported $157M to Sri Lanka. The main products that New Zealand exported to Sri Lanka were Concentrated Milk ($144M), Cheese ($2.49M), and Semi chemical Woodpulp ($1.28M). Over the past 5 years the exports of New Zealand to Sri Lanka have decreased at an annualized rate of 11.4%,  from $287M in 2017 to $157M in 2022.

In 2018, New Zealand exported services to Sri Lanka worth $155M, with Travel ($138M), Royalties and license fees ($11M), and Government services, n.i.e. ($4.83M) being the largest in terms of value.

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, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $38.5M to New Zealand. The main products exported from Sri Lanka to New Zealand were Tea ($7.58M), Used Rubber Tires ($1.83M), and Knit Gloves ($1.74M). During the last 5 years the exports of Sri Lanka to New Zealand have increased at an annualized rate of 2.99%, from $33.2M in 2017 to $38.5M in 2022.

In 2017, New Zealand exported $157M to Sri Lanka. The main products exported from New Zealand to Sri Lanka were Concentrated Milk ($144M), Cheese ($2.49M), and Semi chemical Woodpulp ($1.28M). During the last 5 years the exports of New Zealand to Sri Lanka have decreased at an annualized rate of 11.4%, from $287M in 2022 to $157M in 2017.

Exports from Sri Lanka (Flag) to New Zealand (Flag) (2022)

Exports from New Zealand (Flag) to Sri Lanka (Flag) (2022)

Latest Data

Trade between Sri Lanka (Flag) and New Zealand (Flag)

Sri Lanka Exports

Date

New Zealand Exports

Market Competitiveness

Color
Sri Lanka
Top Destination
United States$3.52B
New Zealand
Top Destination
China$13.1B

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

In 2022, countries that imported more from Sri Lanka than New Zealand included India ($1.12B), Italy ($662M), and Germany ($881M).

In 2022, countries that imported more from New Zealand than Sri Lanka included China ($13.1B), Australia ($5.35B), and Japan ($2.75B).

Difference in imports from New Zealand (Flag) and Sri Lanka (Flag) (2022)

Comparative Advantage Sri Lanka - New Zealand

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with New Zealand in the exports of Textiles ($14.9M), Vegetable Products ($9.6M), and Plastics and Rubbers ($4.89M).

During 2017, New Zealand had a large net trade with Sri Lanka in the exports of Animal Products ($148M), Paper Goods ($2.53M), and Machines ($1.98M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka New Zealand+$1.25MNon-Knit Women's Suits
Top Product Potential New Zealand Sri Lanka+$444kCheese

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

In 2018, New Zealand exported services to Sri Lanka worth $155M, with Travel ($138M), Royalties and license fees ($11M), and Government services, n.i.e. ($4.83M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from New Zealand (Flag) to Sri Lanka (Flag) (2018)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Sri Lanka (Flag) and New Zealand (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with