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2023
Flag → Flag
Exports $143MRnk 24 / 200
2023
Flag → Flag
Top Product $46MTea
2023
Flag → Flag
Exports $289MRnk 58 / 182
2023
Flag → Flag
Top Product $178MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag  
GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
Flag
GDP GROWTH9.55%CURRENT US$
Rnk 157 / 195
2023
Flag
 GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH41.6%CURRENT US$
Rnk 90 / 195
2023
Flag
GDP PC $3,828CURRENT US$
Rnk 132 / 195
2013-2023
Flag
GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195
2023
Flag
GDP PC$32,094CURRENT US$
Rnk 44 / 196
2013-2023
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GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195

About

Sri Lanka-Saudi Arabia Trade: In 2023, Sri Lanka exported $143M to Saudi Arabia. The main products that Sri Lanka exported to Saudi Arabia were Tea ($46M), Special Purpose Ships ($31M), and Bananas ($9.41M). Over the past 5 years the exports of Sri Lanka to Saudi Arabia have increased at an annualized rate of 4.41%, from $115M in 2018 to $143M in 2023.

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

Saudi Arabia-Sri Lanka Trade: In 2023, Saudi Arabia exported $289M to Sri Lanka. The main products that Saudi Arabia exported to Sri Lanka were Refined Petroleum ($178M), Ethylene Polymers ($38.2M), and Petroleum Gas ($29.4M). Over the past 5 years the exports of Saudi Arabia to Sri Lanka have increased at an annualized rate of 24.8%,  from $95.5M in 2018 to $289M in 2023.

In 2023, Saudi Arabia 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, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sri Lanka exported $143M to Saudi Arabia. The main products exported from Sri Lanka to Saudi Arabia were Tea ($46M), Special Purpose Ships ($31M), and Bananas ($9.41M). During the last 5 years the exports of Sri Lanka to Saudi Arabia have increased at an annualized rate of 4.41%, from $115M in 2018 to $143M in 2023.

In 2018, Saudi Arabia exported $289M to Sri Lanka. The main products exported from Saudi Arabia to Sri Lanka were Refined Petroleum ($178M), Ethylene Polymers ($38.2M), and Petroleum Gas ($29.4M). During the last 5 years the exports of Saudi Arabia to Sri Lanka have increased at an annualized rate of 24.8%, from $95.5M in 2023 to $289M in 2018.

Exports from Sri Lanka (Flag) to Saudi Arabia (Flag) (2023)

Exports from Saudi Arabia (Flag) to Sri Lanka (Flag) (2023)

Latest Data

Trade between Sri Lanka (Flag) and Saudi Arabia (Flag)

Sri Lanka Exports

Date

Saudi Arabia Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$2.98B
Saudi Arabia
Top DestinationChina$64.4B

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

In 2023, countries that imported more from Sri Lanka than Saudi Arabia included Maldives ($168M), Israel ($149M), and Mexico ($210M).

In 2023, countries that imported more from Saudi Arabia than Sri Lanka included China ($64.4B), Japan ($34.7B), and India ($34.8B).

Difference in imports from Saudi Arabia (Flag) and Sri Lanka (Flag) (2023)

Comparative Advantage Sri Lanka - Saudi Arabia

Flow
Scale

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

During 2023, Sri Lanka had a large net trade with Saudi Arabia in the exports of Vegetable Products ($67.4M), Transportation ($31.9M), and Textiles ($13.7M).

During 2018, Saudi Arabia had a large net trade with Sri Lanka in the exports of Mineral Products ($208M), Plastics and Rubbers ($58.9M), and Chemical Products ($13.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Saudi Arabia+$4.4kNon-Knit Women's Suits
Top Product Potential Saudi Arabia Sri Lanka+$9.21kRefined 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

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

Product Space of Sri Lanka (Flag) and Saudi Arabia (Flag) (2023)

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