2023
Flag  
GDP
$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH
47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP
$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
Flag
GDP GROWTH
9.55%CURRENT US$
Rnk 157 / 195
2023
Flag
GDP PC 
$3,686CURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP PC GROWTH
28.4%CURRENT US$
Rnk 82 / 195
2023
Flag
GDP PC
$3,828CURRENT US$
Rnk 132 / 196
2013-2023
Flag
GDP PC GROWTH
2.34%CURRENT US$
Rnk 150 / 195

About

Bolivia-Sri Lanka Trade: In 2023, Bolivia exported $1.32k to Sri Lanka. The main products that Bolivia exported to Sri Lanka were Coconuts, Brazil Nuts, and Cashews ($695), Other Edible Preparations ($590), and Centrifuges ($33). Over the past 6 years the exports of Bolivia to Sri Lanka have increased at an annualized rate of 139%, from $7 in 2017 to $1.32k in 2023.

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

Sri Lanka-Bolivia Trade: In 2023, Sri Lanka exported $2.92M to Bolivia. The main products that Sri Lanka exported to Bolivia were Cinnamon ($1.81M), Coconuts, Brazil Nuts, and Cashews ($118k), and Non-Knit Women's Suits ($107k). Over the past 6 years the exports of Sri Lanka to Bolivia have increased at an annualized rate of 6.21%,  from $2.16M in 2017 to $2.92M in 2023.

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

Comparison: In 2023,  Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B). 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, Bolivia exported $1.32k to Sri Lanka. The main products exported from Bolivia to Sri Lanka were Coconuts, Brazil Nuts, and Cashews ($695), Other Edible Preparations ($590), and Centrifuges ($33). During the last 6 years the exports of Bolivia to Sri Lanka have increased at an annualized rate of 139%, from $7 in 2017 to $1.32k in 2023.

In 2018, Sri Lanka exported $2.92M to Bolivia. The main products exported from Sri Lanka to Bolivia were Cinnamon ($1.81M), Coconuts, Brazil Nuts, and Cashews ($118k), and Non-Knit Women's Suits ($107k). During the last 5 years the exports of Sri Lanka to Bolivia have increased at an annualized rate of 6.21%, from $2.16M in 2023 to $2.92M in 2018.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
Brazil$1.54B
Sri Lanka
Top Destination
United States$2.98B

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

In 2023, countries that imported more from Bolivia than Sri Lanka included Brazil ($1.54B), Argentina ($1.15B), and China ($1.21B).

In 2023, countries that imported more from Sri Lanka than Bolivia included United States ($2.98B), United Kingdom ($900M), and Germany ($906M).

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

Comparative Advantage Bolivia - Sri Lanka

Flow
Scale

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

During 2023, Bolivia had a large net trade with Sri Lanka in the exports of Vegetable Products ($695), Foodstuffs ($590), and Machines ($33).

During 2018, Sri Lanka had a large net trade with Bolivia in the exports of Vegetable Products ($2.03M), Textiles ($481k), and Plastics and Rubbers ($188k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Sri Lanka+$3.77kGold
Top Product Potential Sri Lanka Bolivia+$194kRubber 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 Bolivia and Sri Lanka. This means that a dot/product with the flag of Bolivia 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 Bolivia.

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

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