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2023
Flag → Flag
Exports $124MRnk 27 / 200
2023
Flag → Flag
Top Product $88.1MPrecious Stones
2023
Flag → Flag
Exports $273MRnk 58 / 216
2023
Flag → Flag
Top Product $25.2MRubber
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag  
GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
Flag
GDP GROWTH9.55%CURRENT US$
Rnk 157 / 195
2023
Flag
 GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 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$7,182CURRENT US$
Rnk 102 / 196
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195

About

Sri Lanka-Thailand Trade: In 2023, Sri Lanka exported $124M to Thailand. The main products that Sri Lanka exported to Thailand were Precious Stones ($88.1M), Wheat Flours ($3.45M), and Electrical Capacitors ($3.25M). Over the past 5 years the exports of Sri Lanka to Thailand have increased at an annualized rate of 8.26%, from $83.5M in 2018 to $124M in 2023.

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

Thailand-Sri Lanka Trade: In 2023, Thailand exported $273M to Sri Lanka. The main products that Thailand exported to Sri Lanka were Rubber ($25.2M), Refined Petroleum ($22.7M), and Light Rubberized Knitted Fabric ($14.3M). Over the past 5 years the exports of Thailand to Sri Lanka have decreased at an annualized rate of 9.01%,  from $438M in 2018 to $273M in 2023.

In 2023, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Latest Data

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

Sri Lanka Exports

Date

Thailand Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$2.98B
Thailand
Top DestinationUnited States$58.5B

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 2023, countries that imported more from Sri Lanka than Thailand included Maldives ($168M), Syria ($43.4M), and Sierra Leone ($15.9M).

In 2023, countries that imported more from Thailand than Sri Lanka included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

Difference in imports from Thailand (Flag) and Sri Lanka (Flag) (2023)

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) (NaN)

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