Australia (AUS) and Sri Lanka (LKA) Trade | The Observatory of Economic Complexity

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Australia-Sri Lanka Trade: In 2023, Australia exported $190M to Sri Lanka. The main products that Australia exported to Sri Lanka were Dried Legumes ($136M), Oats ($5.33M), and Kraft Paper ($3.39M). Over the past 5 years the exports of Australia to Sri Lanka have increased at an annualized rate of 0.47%, from $186M in 2018 to $190M in 2023.

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

Sri Lanka-Australia In N/A, Sri Lanka did not export any products to Australia.

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

Comparison: In 2023, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Australia exported $190M to Sri Lanka. The main products exported from Australia to Sri Lanka were Dried Legumes ($136M), Oats ($5.33M), and Kraft Paper ($3.39M). During the last 5 years the exports of Australia to Sri Lanka have increased at an annualized rate of 0.47%, from $186M in 2018 to $190M in 2023.

Sri Lanka does not register exports to Australia. The main products exported from Sri Lanka to Australia were Knit Gloves ($23M), Tea ($18.1M), and Knit T-shirts ($12.6M).

Exports from Australia () to Sri Lanka () (2023)

Exports from Sri Lanka () to Australia () (2023)

Latest Data

Trade between Australia () and Sri Lanka ()

Australia Exports

Date

Sri Lanka Exports

Date

Feb 2012

Jan 2012

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Australia
Top DestinationChina$137B

Sri Lanka
Top DestinationUnited States$2.98B

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

In 2023, countries that imported more from Australia than Sri Lanka included China ($137B), Japan ($59B), and South Korea ($20.9B).

In 2023, countries that imported more from Sri Lanka than Australia included Russia ($146M), Maldives ($168M), and Azerbaijan ($60.8M).

Difference in imports from Sri Lanka () and Australia () (2023)

Comparative Advantage Australia - Sri Lanka

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Australia had a large net trade with Sri Lanka in the exports of Vegetable Products ($148M), Chemical Products ($8.48M), and Animal Products ($7.34M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Australia Sri Lanka+$6.75MWheat

Top Product Potential Sri Lanka Australia+$8.05MNon-Knit Women's Suits

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

Year

This visualization shows the product space at the HS4 level with the flags of Australia and Sri Lanka. This means that a dot/product with the flag of Australia 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 Australia.

About

Historical Data

Bilateral Trade by Products

Exports from Australia () to Sri Lanka () (2023)

Exports from Sri Lanka () to Australia () (2023)

Latest Data

Trade between Australia () and Sri Lanka ()

Australia Exports

Sri Lanka Exports

Market Competitiveness

Difference in imports from Sri Lanka () and Australia () (2023)

Comparative Advantage Australia - Sri Lanka

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Australia () and Sri Lanka () (2023)

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