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2022
Flag → Flag
Exports $77.9MRnk 35 / 194
2022
Flag → Flag
Top Product $39MPrecious Stones
2022
Flag → Flag
Exports $302MRnk 57 / 218
2022
Flag → Flag
Top Product $45.1MRubber
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 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$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186

About

Sri Lanka-Thailand Trade: In 2022, Sri Lanka exported $77.9M to Thailand. The main products that Sri Lanka exported to Thailand were Precious Stones ($39M), Electrical Capacitors ($4.33M), and Wheat Flours ($3.78M). Over the past 5 years the exports of Sri Lanka to Thailand have increased at an annualized rate of 2.27%, from $69.6M in 2017 to $77.9M in 2022.

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

Thailand-Sri Lanka Trade: In 2022, Thailand exported $302M to Sri Lanka. The main products that Thailand exported to Sri Lanka were Rubber ($45.1M), Light Rubberized Knitted Fabric ($20.4M), and Raw Sugar ($11.6M). Over the past 5 years the exports of Thailand to Sri Lanka have decreased at an annualized rate of 10.1%,  from $513M in 2017 to $302M in 2022.

In 2022, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $77.9M to Thailand. The main products exported from Sri Lanka to Thailand were Precious Stones ($39M), Electrical Capacitors ($4.33M), and Wheat Flours ($3.78M). During the last 5 years the exports of Sri Lanka to Thailand have increased at an annualized rate of 2.27%, from $69.6M in 2017 to $77.9M in 2022.

In 2017, Thailand exported $302M to Sri Lanka. The main products exported from Thailand to Sri Lanka were Rubber ($45.1M), Light Rubberized Knitted Fabric ($20.4M), and Raw Sugar ($11.6M). During the last 5 years the exports of Thailand to Sri Lanka have decreased at an annualized rate of 10.1%, from $513M in 2022 to $302M in 2017.

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

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

Latest Data

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

Sri Lanka Exports

Date

Thailand Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Thailand
Top DestinationUnited States$53.4B

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

In 2022, countries that imported more from Sri Lanka than Thailand included Syria ($36M), Haiti ($29.5M), and Azerbaijan ($76M).

In 2022, countries that imported more from Thailand than Sri Lanka included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

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

Comparative Advantage Sri Lanka - Thailand

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Thailand in the exports of Precious Metals ($40.8M), Textiles ($10M), and Machines ($8.73M).

During 2017, Thailand had a large net trade with Sri Lanka in the exports of Plastics and Rubbers ($81.3M), Textiles ($62.2M), and Foodstuffs ($30M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Thailand+$3.22MDiamonds
Top Product Potential Thailand Sri Lanka+$11.8MRefined 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 Thailand. This means that a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over Thailand. Similarly, a dot/product with the flag of Thailand indicates it has a comparative advantage over Sri Lanka.

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

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