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Pricing

2022
Flag → Flag
Exports $28.9kRnk 80 / 128
2022
Flag → Flag
Top Product $28.8kOther Vegetable Residues
2022
Flag → Flag
Exports $1.19MRnk 139 / 194
2022
Flag → Flag
Top Product $518kRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -0.5Rnk 86 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag  
GDP$17.4BCURRENT US$
Rnk 124 / 186
2012-2022
Flag
GDP GROWTH56.2%CURRENT US$
Rnk 48 / 186
2022
Flag
 GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
GDP PC $1,303CURRENT US$
Rnk 161 / 186
2012-2022
Flag
GDP PC GROWTH17.1%CURRENT US$
Rnk 95 / 186
2022
Flag
GDP PC$3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

Benin-Sri Lanka Trade: In 2022, Benin exported $28.9k to Sri Lanka. The main products that Benin exported to Sri Lanka were Other Vegetable Residues ($28.8k), Vitamins ($31), and Other Electrical Machinery ($7). Over the past 5 years the exports of Benin to Sri Lanka have decreased at an annualized rate of 6.26%, from $39.9k in 2017 to $28.9k in 2022.

In 2022, Benin did not export any services to Sri Lanka.

Sri Lanka-Benin Trade: In 2022, Sri Lanka exported $1.19M to Benin. The main products that Sri Lanka exported to Benin were Refined Petroleum ($518k), Baked Goods ($420k), and Glass Bottles ($229k). Over the past 5 years the exports of Sri Lanka to Benin have increased at an annualized rate of 12.5%,  from $659k in 2017 to $1.19M in 2022.

In 2022, Sri Lanka did not export any services to Benin.

Comparison: In 2022,  Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B). That same year, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Benin exported $28.9k to Sri Lanka. The main products exported from Benin to Sri Lanka were Other Vegetable Residues ($28.8k), Vitamins ($31), and Other Electrical Machinery ($7). During the last 5 years the exports of Benin to Sri Lanka have decreased at an annualized rate of 6.26%, from $39.9k in 2017 to $28.9k in 2022.

In 2017, Sri Lanka exported $1.19M to Benin. The main products exported from Sri Lanka to Benin were Refined Petroleum ($518k), Baked Goods ($420k), and Glass Bottles ($229k). During the last 5 years the exports of Sri Lanka to Benin have increased at an annualized rate of 12.5%, from $659k in 2022 to $1.19M in 2017.

Exports from Benin (Flag) to Sri Lanka (Flag) (2022)

Exports from Sri Lanka (Flag) to Benin (Flag) (2022)

Latest Data

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

Benin Exports

Market Competitiveness

Color
Benin
Top DestinationIndia$448M
Sri Lanka
Top DestinationUnited States$3.52B

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

In 2022, countries that imported more from Benin than Sri Lanka included Bangladesh ($406M), Togo ($35.9M), and Chad ($28M).

In 2022, countries that imported more from Sri Lanka than Benin included United States ($3.52B), United Kingdom ($1.04B), and Germany ($881M).

Difference in imports from Sri Lanka (Flag) and Benin (Flag) (2022)

Comparative Advantage Benin - Sri Lanka

Flow
Scale

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

During 2022, Benin had a large net trade with Sri Lanka in the exports of Foodstuffs ($28.8k), Chemical Products ($31), and Machines ($7).

During 2017, Sri Lanka had a large net trade with Benin in the exports of Mineral Products ($518k), Foodstuffs ($420k), and Stone And Glass ($229k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Benin Sri Lanka+$17.4kOther Vegetable Residues
Top Product Potential Sri Lanka Benin+$47.5kRubber 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 Benin and Sri Lanka. This means that a dot/product with the flag of Benin 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 Benin.

Product Space of Benin (Flag) and Sri Lanka (Flag) (2022)

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