Flag United States / Sri Lanka Flag

Exports Flag β†’ Flag  (2018): $314M, Rnk 113 / 215

Top Product Flag β†’ Flag (2018): $62.1M, Soybean Meal

Exports Flag β†’ Flag (2018): $2.69B, Rnk 1 / 125

Top Product Flag β†’ Flag (2018): $225M, Other Women's Undergarments

Economic Complexity of Flag (2018): ECI 1.57, Rnk 9 / 137

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

GDP Flag (2018): $20.5T, CURRENT US$
Rnk 1 / 196

GDP GROWTH Flag (2008-2018): 39.6%, CURRENT US$
Rnk 99 / 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): $62,795, CURRENT US$
Rnk 10 / 196

GDP PC GROWTH Flag (2008-2018): 29.8%, CURRENT US$
Rnk 81 / 196

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

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

United States-Sri Lanka: In 2018, United States exported $314M to Sri Lanka. The main products exported from United States to Sri Lanka were Soybean Meal ($62.1M), Wheat ($28.1M), and Vinyl Chloride Polymers ($15.5M). During the last 23 years the exports of United States to Sri Lanka have increased at an annualized rate of 0.6%, from $273M in 1995 to $314M in 2018.

Sri Lanka-United States: In 2018, Sri Lanka exported $2.69B to United States. The main products exported from Sri Lanka to United States were Other Women's Undergarments ($225M), Knit Women's Undergarments ($212M), and Non-Knit Women's Suits ($193M). During the last 23 years the exports of Sri Lanka to United States have increased at an annualized rate of 3.11%, from $1.33B in 1995 to $2.69B in 2018.

Comparison: In 2018, United States ranked 9 in the Economic Complexity Index (ECI 1.57), and 3 in total exports ($1.44T). 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, United States was ranked 10 with a GDP Per Capita of $62,795, 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, United States exported $314M to Sri Lanka. The main products exported from United States to Sri Lanka were Soybean Meal ($62.1M), Wheat ($28.1M), and Vinyl Chloride Polymers ($15.5M). During the last 23 years the exports of United States to Sri Lanka have increased at an annualized rate of 0.6%, from $273M in 1995 to $314M in 2018.

In 2018, Sri Lanka exported $2.69B to United States. The main products exported from Sri Lanka to United States were Other Women's Undergarments ($225M), Knit Women's Undergarments ($212M), and Non-Knit Women's Suits ($193M). During the last 23 years the exports of Sri Lanka to United States have increased at an annualized rate of 3.11%, from $1.33B in 1995 to $2.69B in 2018.

Date

Market Competitiveness

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Measure

United States
Top Destination
: Mexico, $237B

Sri Lanka
Top Destination
: United States, $2.69B

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

In 2018, countries that imported more from United States than Sri Lanka were Mexico ($237B), Canada ($190B), and China ($119B).

In 2018, countries that imported more from Sri Lanka than United States were Maldives ($162M).

Comparative Advantage United States - Sri Lanka

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Depth

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

During 2018, United States had a large net trade with Sri Lanka in the exports of Foodstuffs ($84.1M), Vegetable Products ($46.8M), and Textiles ($40.7M).

During 2018, Sri Lanka had a large net trade with United States in the exports of Textiles ($1.83B), Plastics and Rubbers ($284M), and Vegetable Products ($100M).

Tariff Section

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This sections shows import tariffs for products traded between United States and Sri Lanka (using the HS6 product classification and the last year reported).

In 2018, the products from United States that paid the highest import tariffs to enter Sri Lanka were Tobacco: smoking, other than water pipe tobacco, whether or not containing tobacco substitutes in any proportion (350%) and Homogenized or reconstituted tobacco (350%).

In 2018, the products from Sri Lanka that paid the highest import tariffs to enter United States were Cigars, cheroots, cigarettes, with tobacco substitute (250%) and Tobacco: smoking, water pipe tobacco as specified in Subheading Note 1 to this Chapter, whether or not containing tobacco substitutes in any proportion (250%).

Explore Tariff Data

*The tariffs present between United States and Sri Lanka are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
388: United States Generalized System of Preference
388: United States Generalized System of Preference

Trade Forecasts

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This section shows a forecast for total trade between United States 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 United States has comparative advantage over Sri Lanka. Similarly, the more red a dot/product is, the more Sri Lanka has comparative advantage over United States.