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2023
Flag → Flag
Exports $158MRnk 115 / 216
2023
Flag → Flag
Top Product $70MWheat Flours
2023
Flag → Flag
Exports $108MRnk 30 / 200
2023
Flag → Flag
Top Product $25.8MTea
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag  
GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 149 / 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 $13,106CURRENT US$
Rnk 77 / 195
2013-2023
Flag
GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195
2023
Flag
GDP PC$3,828CURRENT US$
Rnk 132 / 196
2013-2023
Flag
GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195

About

Turkey-Sri Lanka Trade: In 2023, Turkey exported $158M to Sri Lanka. The main products that Turkey exported to Sri Lanka were Wheat Flours ($70M), Dried Legumes ($9.43M), and Motor vehicles; parts and accessories (8701 to 8705) ($6.37M). Over the past 5 years the exports of Turkey to Sri Lanka have increased at an annualized rate of 3.89%, from $131M in 2018 to $158M in 2023.

In 2023, Turkey did not export any services to Sri Lanka.

Sri Lanka-Turkey Trade: In 2023, Sri Lanka exported $108M to Turkey. The main products that Sri Lanka exported to Turkey were Tea ($25.8M), Knit Gloves ($8.69M), and Used Rubber Tires ($7.87M). Over the past 5 years the exports of Sri Lanka to Turkey have increased at an annualized rate of 1.96%,  from $97.9M in 2018 to $108M in 2023.

In 2023, Sri Lanka did not export any services to Turkey.

Comparison: In 2023,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). 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, Turkey exported $158M to Sri Lanka. The main products exported from Turkey to Sri Lanka were Wheat Flours ($70M), Dried Legumes ($9.43M), and Motor vehicles; parts and accessories (8701 to 8705) ($6.37M). During the last 5 years the exports of Turkey to Sri Lanka have increased at an annualized rate of 3.89%, from $131M in 2018 to $158M in 2023.

In 2018, Sri Lanka exported $108M to Turkey. The main products exported from Sri Lanka to Turkey were Tea ($25.8M), Knit Gloves ($8.69M), and Used Rubber Tires ($7.87M). During the last 5 years the exports of Sri Lanka to Turkey have increased at an annualized rate of 1.96%, from $97.9M in 2023 to $108M in 2018.

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

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

Latest Data

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

Turkey Exports

Sri Lanka Exports

Date

Market Competitiveness

Color
Turkey
Top DestinationGermany$24.7B
Sri Lanka
Top DestinationUnited States$2.98B

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

In 2023, countries that imported more from Turkey than Sri Lanka included Germany ($24.7B), United Arab Emirates ($14.7B), and United Kingdom ($15.1B).

In 2023, countries that imported more from Sri Lanka than Turkey included Maldives ($168M), Fiji ($4.61M), and American Samoa ($702k).

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

Comparative Advantage Turkey - Sri Lanka

Flow
Scale

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

During 2023, Turkey had a large net trade with Sri Lanka in the exports of Vegetable Products ($81.7M), Machines ($18M), and Textiles ($14.9M).

During 2018, Sri Lanka had a large net trade with Turkey in the exports of Textiles ($45M), Vegetable Products ($32.1M), and Plastics and Rubbers ($18.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Turkey Sri Lanka+$4.78MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Sri Lanka Turkey+N/AN/A

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 Turkey and Sri Lanka. This means that a dot/product with the flag of Turkey 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 Turkey.

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

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