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Pricing

2022
Flag → Flag
Exports $1.31MRnk 138 / 194
2022
Flag → Flag
Top Product $1.25MRefined Petroleum
2022
Flag → Flag
Exports $29.8kRnk 57 / 95
2022
Flag → Flag
Top Product $29.8kLive Fish
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
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 GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
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GDP PC $3,354CURRENT US$
Rnk 130 / 186
2012-2022
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GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186
2022
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GDP PC$462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186

About

Sri Lanka-Somalia Trade: In 2022, Sri Lanka exported $1.31M to Somalia. The main products that Sri Lanka exported to Somalia were Refined Petroleum ($1.25M), Tea ($29.8k), and Trailers and semi-trailers, not mechanically propelled vehicles ($25.4k). Over the past 6 years the exports of Sri Lanka to Somalia have increased at an annualized rate of 60%, from $78.1k in 2016 to $1.31M in 2022.

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

Somalia-Sri Lanka Trade: In 2022, Somalia exported $29.8k to Sri Lanka. The main products that Somalia exported to Sri Lanka were Live Fish ($29.8k). Over the past 6 years the exports of Somalia to Sri Lanka have increased at an annualized rate of 175%,  from $191 in 2016 to $29.8k in 2022.

In 2022, Somalia 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, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $1.31M to Somalia. The main products exported from Sri Lanka to Somalia were Refined Petroleum ($1.25M), Tea ($29.8k), and Trailers and semi-trailers, not mechanically propelled vehicles ($25.4k). During the last 6 years the exports of Sri Lanka to Somalia have increased at an annualized rate of 60%, from $78.1k in 2016 to $1.31M in 2022.

In 2017, Somalia exported $29.8k to Sri Lanka. The main products exported from Somalia to Sri Lanka were Live Fish ($29.8k). During the last 5 years the exports of Somalia to Sri Lanka have increased at an annualized rate of 175%, from $191 in 2022 to $29.8k in 2017.

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

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

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Somalia
Top DestinationUnited Arab Emirates$283M

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

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

In 2022, countries that imported more from Somalia than Sri Lanka included Oman ($173M) and Bulgaria ($18.5M).

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

Comparative Advantage Sri Lanka - Somalia

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Somalia in the exports of Mineral Products ($1.25M), Vegetable Products ($29.8k), and Transportation ($25.4k).

During 2017, Somalia had a large net trade with Sri Lanka in the exports of Animal Products ($29.8k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Somalia+$1.96kRubber Tires
Top Product Potential Somalia Sri Lanka+$3.15kGold

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

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

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