Sri Lanka (LKA) and Peru (PER) Trade | The Observatory of Economic Complexity

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Sri Lanka-Peru Trade: In 2023, Sri Lanka exported $39.6M to Peru. The main products that Sri Lanka exported to Peru were Cinnamon ($20.7M), Other Vegetable Products ($6.49M), and Breathing Appliances ($1.42M). Over the past 5 years the exports of Sri Lanka to Peru have increased at an annualized rate of 0.18%, from $39.2M in 2018 to $39.6M in 2023.

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

Peru-Sri Lanka Trade: In 2023, Peru exported $681k to Sri Lanka. The main products that Peru exported to Sri Lanka were Lake Pigments ($529k), Vaccines, blood, antisera, toxins and cultures ($40k), and Cocoa Powder ($33.4k). Over the past 5 years the exports of Peru to Sri Lanka have increased at an annualized rate of 31.2%, from $134k in 2018 to $681k in 2023.

In 2023, Peru 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, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Sri Lanka exported $39.6M to Peru. The main products exported from Sri Lanka to Peru were Cinnamon ($20.7M), Other Vegetable Products ($6.49M), and Breathing Appliances ($1.42M). During the last 5 years the exports of Sri Lanka to Peru have increased at an annualized rate of 0.18%, from $39.2M in 2018 to $39.6M in 2023.

In 2018, Peru exported $681k to Sri Lanka. The main products exported from Peru to Sri Lanka were Lake Pigments ($529k), Vaccines, blood, antisera, toxins and cultures ($40k), and Cocoa Powder ($33.4k). During the last 5 years the exports of Peru to Sri Lanka have increased at an annualized rate of 31.2%, from $134k in 2023 to $681k in 2018.

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

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

Latest Data

Trade between Sri Lanka () and Peru ()

Sri Lanka Exports

Date

Feb 2012

Jan 2012

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Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sri Lanka
Top DestinationUnited States$2.98B

Peru
Top DestinationChina$22.5B

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

In 2023, countries that imported more from Sri Lanka than Peru included Maldives ($168M), Australia ($255M), and Bangladesh ($177M).

In 2023, countries that imported more from Peru than Sri Lanka included China ($22.5B), United States ($9.3B), and Canada ($3.24B).

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

Comparative Advantage Sri Lanka - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Sri Lanka had a large net trade with Peru in the exports of Vegetable Products ($27.6M), Textiles ($6.38M), and Instruments ($1.52M).

During 2018, Peru had a large net trade with Sri Lanka in the exports of Chemical Products ($621k), Foodstuffs ($42.9k), and Instruments ($13.5k).

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 Peru+$1.25MRubber Tires

Top Product Potential Peru Sri Lanka+$46.8kRaw Zinc

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 Peru. This means that a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over Peru. Similarly, a dot/product with the flag of Peru indicates it has a comparative advantage over Sri Lanka.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Sri Lanka () and Peru ()

Sri Lanka Exports

Peru Exports

Market Competitiveness

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

Comparative Advantage Sri Lanka - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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