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2022
Flag → Flag
Exports $1.37MRnk 135 / 194
2022
Flag → Flag
Top Product $198kKnit T-shirts
2022
Flag → Flag
Exports $200kRnk 124 / 158
2022
Flag → Flag
Top Product $157kConcentrated Milk
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
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Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH25.3%CURRENT US$
Rnk 110 / 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$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

Sri Lanka-Paraguay Trade: In 2022, Sri Lanka exported $1.37M to Paraguay. The main products that Sri Lanka exported to Paraguay were Knit T-shirts ($198k), Knit Socks and Hosiery ($160k), and Washing and Bottling Machines ($148k). Over the past 5 years the exports of Sri Lanka to Paraguay have increased at an annualized rate of 26.5%, from $424k in 2017 to $1.37M in 2022.

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

Paraguay-Sri Lanka Trade: In 2022, Paraguay exported $200k to Sri Lanka. The main products that Paraguay exported to Sri Lanka were Concentrated Milk ($157k), Animal Meal and Pellets ($43.8k), and Raw Sugar ($19). Over the past 5 years the exports of Paraguay to Sri Lanka have increased at an annualized rate of 20.1%,  from $66.8k in 2017 to $200k in 2022.

In 2022, Paraguay 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, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $1.37M to Paraguay. The main products exported from Sri Lanka to Paraguay were Knit T-shirts ($198k), Knit Socks and Hosiery ($160k), and Washing and Bottling Machines ($148k). During the last 5 years the exports of Sri Lanka to Paraguay have increased at an annualized rate of 26.5%, from $424k in 2017 to $1.37M in 2022.

In 2017, Paraguay exported $200k to Sri Lanka. The main products exported from Paraguay to Sri Lanka were Concentrated Milk ($157k), Animal Meal and Pellets ($43.8k), and Raw Sugar ($19). During the last 5 years the exports of Paraguay to Sri Lanka have increased at an annualized rate of 20.1%, from $66.8k in 2022 to $200k in 2017.

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

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

Latest Data

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

Paraguay Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Paraguay
Top DestinationBrazil$3.67B

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

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

In 2022, countries that imported more from Paraguay than Sri Lanka included Brazil ($3.67B), Argentina ($1.91B), and Chile ($1.16B).

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

Comparative Advantage Sri Lanka - Paraguay

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Paraguay in the exports of Textiles ($944k), Machines ($209k), and Plastics and Rubbers ($155k).

During 2017, Paraguay had a large net trade with Sri Lanka in the exports of Animal Products ($157k) and Foodstuffs ($43.8k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Paraguay+$249kKnit T-shirts
Top Product Potential Paraguay Sri Lanka+$28.4kAnimal Meal and Pellets

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

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

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

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