Flag Singapore / Sri Lanka Flag

Exports Flag β†’ Flag  (2018): $1.73B, Rnk 26 / 213

Top Product Flag β†’ Flag (2018): $911M, Refined Petroleum

Exports Flag β†’ Flag (2018): $90.7M, Rnk 25 / 125

Top Product Flag β†’ Flag (2018): $7.56M, Other Non-Knit Clothing Accessories

Economic Complexity of Flag (2018): ECI 1.71, Rnk 6 / 137

Economic Complexity of Flag (2018): ECI -0.65, Rnk 97 / 137

GDP Flag (2018): $364B, CURRENT US$
Rnk 33 / 196

GDP GROWTH Flag (2008-2018): 88.1%, CURRENT US$
Rnk 43 / 196

GDP Flag (2018): $88.9B, CURRENT US$
Rnk 64 / 196

GDP GROWTH Flag (2008-2018): 118%, CURRENT US$
Rnk 24 / 196

GDP PC Flag (2018): $64,582, CURRENT US$
Rnk 9 / 196

GDP PC GROWTH Flag (2008-2018): 61.4%, CURRENT US$
Rnk 37 / 196

GDP PC Flag (2018): $4,102, CURRENT US$
Rnk 122 / 196

GDP PC GROWTH Flag (2008-2018): 101%, CURRENT US$
Rnk 15 / 196

Singapore-Sri Lanka: In 2018, Singapore exported $1.73B to Sri Lanka. The main products exported from Singapore to Sri Lanka were Refined Petroleum ($911M), Gold ($134M), and Computers ($67.7M). During the last 23 years the exports of Singapore to Sri Lanka have increased at an annualized rate of 7.02%, from $364M in 1995 to $1.73B in 2018.

Sri Lanka-Singapore: In 2018, Sri Lanka exported $90.7M to Singapore. The main products exported from Sri Lanka to Singapore were Other Non-Knit Clothing Accessories ($7.56M), Perfumes ($6.26M), and Processed Crustaceans ($5.48M). During the last 23 years the exports of Sri Lanka to Singapore have increased at an annualized rate of 2.38%, from $52.9M in 1995 to $90.7M in 2018.

Comparison: In 2018, Singapore ranked 6 in the Economic Complexity Index (ECI 1.71), and 17 in total exports ($323B). That same year, Sri Lanka ranked 97 in the Economic Complexity Index (ECI -0.65), and 84 in total exports ($11.1B). In terms of GDP Per Capita, Singapore was ranked 9 with a GDP Per Capita of $64,582, and Sri Lanka was ranked 122 with a GDP Per Capita of $4,102.

Bilateral Trade by Products

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Depth
Value

In 2018, Singapore exported $1.73B to Sri Lanka. The main products exported from Singapore to Sri Lanka were Refined Petroleum ($911M), Gold ($134M), and Computers ($67.7M). During the last 23 years the exports of Singapore to Sri Lanka have increased at an annualized rate of 7.02%, from $364M in 1995 to $1.73B in 2018.

In 2018, Sri Lanka exported $90.7M to Singapore. The main products exported from Sri Lanka to Singapore were Other Non-Knit Clothing Accessories ($7.56M), Perfumes ($6.26M), and Processed Crustaceans ($5.48M). During the last 23 years the exports of Sri Lanka to Singapore have increased at an annualized rate of 2.38%, from $52.9M in 1995 to $90.7M in 2018.

Date

Market Competitiveness

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Measure

Singapore
Top Destination
: China, $44.3B

Sri Lanka
Top Destination
: United States, $2.69B

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

In 2018, countries that imported more from Singapore than Sri Lanka were China ($44.3B), Hong Kong ($41.5B), and Malaysia ($32.3B).

In 2018, countries that imported more from Sri Lanka than Singapore were Azerbaijan ($45M), Armenia ($2.17M), and Greenland ($47.3k).

Comparative Advantage Singapore - Sri Lanka

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Depth

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

During 2018, Singapore had a large net trade with Sri Lanka in the exports of Mineral Products ($912M), Machines ($344M), and Precious Metals ($172M).

During 2018, Sri Lanka had a large net trade with Singapore in the exports of Textiles ($33.2M), Machines ($14.5M), and Chemical Products ($12.7M).

Trade Forecasts

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This section shows a forecast for total trade between Singapore and Sri Lanka. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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