2022
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GDP
$6.19BCURRENT US$
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GDP GROWTH
114%CURRENT US$
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 GDP
$74.4BCURRENT US$
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GDP GROWTH
5.62%CURRENT US$
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GDP PC 
$11,818CURRENT US$
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GDP PC GROWTH
58.7%CURRENT US$
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GDP PC
$3,354CURRENT US$
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GDP PC GROWTH
0.074%CURRENT US$
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About

Maldives-Sri Lanka In 2022, Maldives exported $2.74M to Sri Lanka. The main products that Maldives exported to Sri Lanka are Fish: dried, salted, smoked or in brine ($1.46M), Live Fish ($315k), and Iron Structures ($282k). During the last 27 years the exports of Maldives to Sri Lanka have decreased at an annualized rate of 5.07%, from $11.2M in 1995 to $2.74M in 2022.

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

Sri Lanka-Maldives In 2022, Sri Lanka exported $128M to Maldives. The main products that Sri Lanka exported to Maldives were Insulated Wire ($14.6M), Raw Iron Bars ($6.37M), and Other Vegetables ($5.67M). During the last 27 years the exports of Sri Lanka to Maldives have increased at an annualized rate of 8.34%, from $14.7M in 1995 to $128M in 2022.

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

Comparison In 2022,  Maldives ranked 166 in total exports ($689M), and does not have data regarding Economic Complexity Index. That same year, Sri Lanka ranked 80 in the Economic Complexity Index (ECI -0.42), and 89 in total exports ($14.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Maldives exported $2.74M to Sri Lanka. The main products exported from Maldives to Sri Lanka were Fish: dried, salted, smoked or in brine ($1.46M), Live Fish ($315k), and Iron Structures ($282k). During the last 27 years the exports of Maldives to Sri Lanka have decreased at an annualized rate of 5.07%, from $11.2M in 1995 to $2.74M in 2022.

In 2022, Sri Lanka exported $128M to Maldives. The main products exported from Sri Lanka to Maldives were Insulated Wire ($14.6M), Raw Iron Bars ($6.37M), and Other Vegetables ($5.67M). During the last 27 years the exports of Sri Lanka to Maldives have increased at an annualized rate of 8.34%, from $14.7M in 1995 to $128M in 2022.

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

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

Latest Data

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

Maldives Exports

Sri Lanka Exports

Date

Market Competitiveness

Color
Maldives
Top Destination
India$488M
Sri Lanka
Top Destination
United States$3.52B

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

In 2021, countries that imported more from Maldives than Sri Lanka were Thailand ($79.4M) and Namibia ($1.15M).

In 2021, countries that imported more from Sri Lanka than Maldives were United States ($3.52B), United Kingdom ($1.04B), and Germany ($881M).

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

Comparative Advantage Maldives - Sri Lanka

Flow
Scale

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

During 2022, Maldives had a large net trade with Sri Lanka in the exports of Animal Products ($2.06M), Metals ($370k), and Foodstuffs ($137k).

During 2022, Sri Lanka had a large net trade with Maldives in the exports of Vegetable Products ($25.2M), Machines ($23.6M), and Foodstuffs ($18M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Maldives has comparative advantage over Sri Lanka. Similarly, the more yellow a dot/product is, the more Sri Lanka has comparative advantage over Maldives.

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

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