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2022
Flag → Flag
Exports $41MRnk 51 / 194
2022
Flag → Flag
Top Product $7.09MRefined Petroleum
2022
Flag → Flag
Exports $255MRnk 54 / 214
2022
Flag → Flag
Top Product $233MCoal Briquettes
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
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Economic Complexity (ECI) ECI 0.076Rnk 59 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
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GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
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 GDP$406BCURRENT US$
Rnk 37 / 186
2012-2022
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GDP GROWTH-6.57%CURRENT US$
Rnk 171 / 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$6,776CURRENT US$
Rnk 95 / 186
2012-2022
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GDP PC GROWTH-17.1%CURRENT US$
Rnk 167 / 186

About

Sri Lanka-South Africa Trade: In 2022, Sri Lanka exported $41M to South Africa. The main products that Sri Lanka exported to South Africa were Refined Petroleum ($7.09M), Tea ($5.87M), and Activated Carbon ($4.17M). Over the past 5 years the exports of Sri Lanka to South Africa have decreased at an annualized rate of 0.6%, from $42.2M in 2017 to $41M in 2022.

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

South Africa-Sri Lanka Trade: In 2022, South Africa exported $255M to Sri Lanka. The main products that South Africa exported to Sri Lanka were Coal Briquettes ($233M), Semi-Finished Iron ($5.44M), and Diamonds ($2.23M). Over the past 5 years the exports of South Africa to Sri Lanka have increased at an annualized rate of 2.14%,  from $229M in 2017 to $255M in 2022.

In 2022, South Africa 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, South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $41M to South Africa. The main products exported from Sri Lanka to South Africa were Refined Petroleum ($7.09M), Tea ($5.87M), and Activated Carbon ($4.17M). During the last 5 years the exports of Sri Lanka to South Africa have decreased at an annualized rate of 0.6%, from $42.2M in 2017 to $41M in 2022.

In 2017, South Africa exported $255M to Sri Lanka. The main products exported from South Africa to Sri Lanka were Coal Briquettes ($233M), Semi-Finished Iron ($5.44M), and Diamonds ($2.23M). During the last 5 years the exports of South Africa to Sri Lanka have increased at an annualized rate of 2.14%, from $229M in 2022 to $255M in 2017.

Exports from Sri Lanka (Flag) to South Africa (Flag) (2022)

Exports from South Africa (Flag) to Sri Lanka (Flag) (2022)

Latest Data

Trade between Sri Lanka (Flag) and South Africa (Flag)

Sri Lanka Exports

Date

South Africa Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
South Africa
Top DestinationChina$23.4B

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

In 2022, countries that imported more from Sri Lanka than South Africa included Iraq ($164M), Maldives ($128M), and Azerbaijan ($76M).

In 2022, countries that imported more from South Africa than Sri Lanka included China ($23.4B), Germany ($9.96B), and Japan ($8.85B).

Difference in imports from South Africa (Flag) and Sri Lanka (Flag) (2022)

Comparative Advantage Sri Lanka - South Africa

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with South Africa in the exports of Plastics and Rubbers ($8.24M), Textiles ($8.09M), and Vegetable Products ($7.78M).

During 2017, South Africa had a large net trade with Sri Lanka in the exports of Mineral Products ($234M), Metals ($7.32M), and Vegetable Products ($4.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka South Africa+$1.51MExcavation Machinery
Top Product Potential South Africa Sri Lanka+$1.58MRefined 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 South Africa. This means that a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over South Africa. Similarly, a dot/product with the flag of South Africa indicates it has a comparative advantage over Sri Lanka.

Product Space of Sri Lanka (Flag) and South Africa (Flag) (2022)

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