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Pricing

2023
Flag → Flag
Exports $1.58kRnk 127 / 137
2023
Flag → Flag
Top Product $672Apples and Pears
2023
Flag → Flag
Exports $60.8MRnk 40 / 200
2023
Flag → Flag
Top Product $51.9MTea
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag  
GDP$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP GROWTH-2.43%CURRENT US$
Rnk 173 / 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 $7,126CURRENT US$
Rnk 103 / 195
2013-2023
Flag
GDP PC GROWTH-9.52%CURRENT US$
Rnk 168 / 195
2023
Flag
GDP PC$3,828CURRENT US$
Rnk 132 / 196
2013-2023
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GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195

About

Azerbaijan-Sri Lanka Trade: In 2023, Azerbaijan exported $1.58k to Sri Lanka. The main products that Azerbaijan exported to Sri Lanka were Apples and Pears ($672), Used Clothing ($300), and Iron Housewares ($200). Over the past 6 years the exports of Azerbaijan to Sri Lanka have increased at an annualized rate of 61.8%, from $88 in 2017 to $1.58k in 2023.

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

Sri Lanka-Azerbaijan Trade: In 2023, Sri Lanka exported $60.8M to Azerbaijan. The main products that Sri Lanka exported to Azerbaijan were Tea ($51.9M), Coconut and Other Vegetable Fibers ($4.36M), and Other Vegetable Products ($605k). Over the past 6 years the exports of Sri Lanka to Azerbaijan have increased at an annualized rate of 5.35%,  from $46.8M in 2017 to $60.8M in 2023.

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

Comparison: In 2023,  Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B). 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, Azerbaijan exported $1.58k to Sri Lanka. The main products exported from Azerbaijan to Sri Lanka were Apples and Pears ($672), Used Clothing ($300), and Iron Housewares ($200). During the last 6 years the exports of Azerbaijan to Sri Lanka have increased at an annualized rate of 61.8%, from $88 in 2017 to $1.58k in 2023.

In 2018, Sri Lanka exported $60.8M to Azerbaijan. The main products exported from Sri Lanka to Azerbaijan were Tea ($51.9M), Coconut and Other Vegetable Fibers ($4.36M), and Other Vegetable Products ($605k). During the last 5 years the exports of Sri Lanka to Azerbaijan have increased at an annualized rate of 5.35%, from $46.8M in 2023 to $60.8M in 2018.

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

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

Latest Data

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

Azerbaijan Exports

Date

Sri Lanka Exports

Date

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$11.4B
Sri Lanka
Top DestinationUnited States$2.98B

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

In 2023, countries that imported more from Azerbaijan than Sri Lanka included Italy ($11.4B), Turkey ($5.85B), and Greece ($1.27B).

In 2023, countries that imported more from Sri Lanka than Azerbaijan included United States ($2.98B), United Kingdom ($900M), and Canada ($379M).

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

Comparative Advantage Azerbaijan - Sri Lanka

Flow
Scale

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

During 2023, Azerbaijan had a large net trade with Sri Lanka in the exports of Vegetable Products ($672), Textiles ($300), and Metals ($200).

During 2018, Sri Lanka had a large net trade with Azerbaijan in the exports of Vegetable Products ($52.7M), Textiles ($6.08M), and Plastics and Rubbers ($1.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Azerbaijan Sri Lanka+$4.83kRefined Petroleum
Top Product Potential Sri Lanka Azerbaijan+$470kRubber Tires

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

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

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