NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $273MRnk 58 / 216
2023
Flag → Flag
Top Product $25.2MRubber
2023
Flag → Flag
Exports $124MRnk 27 / 200
2023
Flag → Flag
Top Product $88.1MPrecious Stones
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag  
GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
 GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
Flag
GDP GROWTH9.55%CURRENT US$
Rnk 157 / 195
2023
Flag
GDP PC $7,182CURRENT US$
Rnk 102 / 195
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195
2023
Flag
GDP PC$3,828CURRENT US$
Rnk 132 / 196
2013-2023
Flag
GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195

About

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.

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.

Comparison: In 2023,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B). That same year, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Thailand exported $273M to Sri Lanka. The main products exported from Thailand to Sri Lanka were Rubber ($25.2M), Refined Petroleum ($22.7M), and Light Rubberized Knitted Fabric ($14.3M). During the last 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 2018, Sri Lanka exported $124M to Thailand. The main products exported from Sri Lanka to Thailand were Precious Stones ($88.1M), Wheat Flours ($3.45M), and Electrical Capacitors ($3.25M). During the last 5 years the exports of Sri Lanka to Thailand have increased at an annualized rate of 8.26%, from $83.5M in 2023 to $124M in 2018.

Exports from Thailand (Flag) to Sri Lanka (Flag) (2023)

Exports from Sri Lanka (Flag) to Thailand (Flag) (2023)

Latest Data

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

Thailand Exports

Sri Lanka Exports

Date

Market Competitiveness

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

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

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

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

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

Comparative Advantage Thailand - Sri Lanka

Flow
Scale

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

During 2023, Thailand had a large net trade with Sri Lanka in the exports of Plastics and Rubbers ($55.2M), Textiles ($49.3M), and Foodstuffs ($31.4M).

During 2018, Sri Lanka had a large net trade with Thailand in the exports of Precious Metals ($92.2M), Textiles ($9.77M), and Machines ($6.45M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Sri Lanka+$11.8MRefined Petroleum
Top Product Potential Sri Lanka Thailand+$3.22MDiamonds

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Thailand and Sri Lanka. This means that a dot/product with the flag of Thailand indicates it has a comparative advantage over Sri Lanka. Similarly, a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over Thailand.

Product Space of Thailand (Flag) and Sri Lanka (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms