2022
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GDP
$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
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GDP GROWTH
88.1%CURRENT US$
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2022
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 GDP
$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
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GDP GROWTH
5.62%CURRENT US$
Rnk 153 / 186
2022
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GDP PC 
$1,337CURRENT US$
Rnk 160 / 186
2012-2022
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GDP PC GROWTH
68.3%CURRENT US$
Rnk 18 / 186
2022
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GDP PC
$3,354CURRENT US$
Rnk 130 / 186
2012-2022
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GDP PC GROWTH
0.074%CURRENT US$
Rnk 141 / 186

About

Nepal-Sri Lanka In 2022, Nepal exported $454k to Sri Lanka. The main products that Nepal exported to Sri Lanka are Orthopedic Appliances ($197k), Cold-Rolled Iron ($86k), and Optical Fibers and optical fibre bundles ($81.1k). During the last 24 years the exports of Nepal to Sri Lanka have decreased at an annualized rate of 9.15%, from $4.55M in 1998 to $454k in 2022.

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

Sri Lanka-Nepal In 2022, Sri Lanka exported $2.86M to Nepal. The main products that Sri Lanka exported to Nepal were Blank Audio Media ($824k), Other Electrical Machinery ($728k), and Stearic Acid ($177k). During the last 24 years the exports of Sri Lanka to Nepal have increased at an annualized rate of 1.7%, from $1.91M in 1998 to $2.86M in 2022.

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

Comparison In 2022,  Nepal ranked 153 in total exports ($1.43B), 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, Nepal exported $454k to Sri Lanka. The main products exported from Nepal to Sri Lanka were Orthopedic Appliances ($197k), Cold-Rolled Iron ($86k), and Optical Fibers and optical fibre bundles ($81.1k). During the last 24 years the exports of Nepal to Sri Lanka have decreased at an annualized rate of 9.15%, from $4.55M in 1998 to $454k in 2022.

In 2022, Sri Lanka exported $2.86M to Nepal. The main products exported from Sri Lanka to Nepal were Blank Audio Media ($824k), Other Electrical Machinery ($728k), and Stearic Acid ($177k). During the last 24 years the exports of Sri Lanka to Nepal have increased at an annualized rate of 1.7%, from $1.91M in 1998 to $2.86M in 2022.

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

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

Latest Data

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

Sri Lanka Exports

Date

Market Competitiveness

Color
Nepal
Top Destination
India$956M
Sri Lanka
Top Destination
United States$3.52B

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

In 2021, countries that imported more from Nepal than Sri Lanka were Central African Republic ($8.88M), Bhutan ($3.99M), and Laos ($24.2k).

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

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

Comparative Advantage Nepal - Sri Lanka

Flow
Scale

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

During 2022, Nepal had a large net trade with Sri Lanka in the exports of Instruments ($279k), Metals ($86k), and Machines ($46.9k).

During 2022, Sri Lanka had a large net trade with Nepal in the exports of Machines ($1.9M), Animal and Vegetable Bi-Products ($200k), and Foodstuffs ($197k).

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 Nepal has comparative advantage over Sri Lanka. Similarly, the more yellow a dot/product is, the more Sri Lanka has comparative advantage over Nepal.

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

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