Bhutan (BTN) and Sri Lanka (LKA) Trade | The Observatory of Economic Complexity

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Bhutan-Sri Lanka Trade: In 2022, Bhutan exported $513 to Sri Lanka. The main products that Bhutan exported to Sri Lanka were Brochures ($135), Textile Footwear ($128), and Confectionery Sugar ($50). Over the past 6 years the exports of Bhutan to Sri Lanka have decreased at an annualized rate of 6.82%, from $784 in 2016 to $513 in 2022.

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

Sri Lanka-Bhutan Trade: In 2022, Sri Lanka exported $989k to Bhutan. The main products that Sri Lanka exported to Bhutan were Documents of title (bonds etc) and unused stamps ($975k), Other toys ($12.3k), and Seats ($1.41k). Over the past 6 years the exports of Sri Lanka to Bhutan have increased at an annualized rate of 18.3%, from $306k in 2016 to $989k in 2022.

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

Comparison In 2022, Bhutan ranked 177 in total exports ($392M), and does not have data regarding Economic Complexity Index. 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bhutan exported $513 to Sri Lanka. The main products exported from Bhutan to Sri Lanka were Brochures ($135), Textile Footwear ($128), and Confectionery Sugar ($50). During the last 6 years the exports of Bhutan to Sri Lanka have decreased at an annualized rate of 6.82%, from $784 in 2016 to $513 in 2022.

In 2017, Sri Lanka exported $989k to Bhutan. The main products exported from Sri Lanka to Bhutan were Documents of title (bonds etc) and unused stamps ($975k), Other toys ($12.3k), and Seats ($1.41k). During the last 5 years the exports of Sri Lanka to Bhutan have increased at an annualized rate of 18.3%, from $306k in 2022 to $989k in 2017.

Exports from Bhutan () to Sri Lanka () (2022)

Exports from Sri Lanka () to Bhutan () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bhutan
Top DestinationIndia$343M

Sri Lanka
Top DestinationUnited States$3.52B

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

In 2022, countries that imported more from Bhutan than Sri Lanka included Nepal ($7.44M).

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

Difference in imports from Sri Lanka () and Bhutan () (2022)

Comparative Advantage Bhutan - Sri Lanka

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bhutan had a large net trade with Sri Lanka in the exports of Foodstuffs ($172), Paper Goods ($135), and Footwear and Headwear ($128).

During 2017, Sri Lanka had a large net trade with Bhutan in the exports of Paper Goods ($975k) and Miscellaneous ($13.7k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Bhutan () to Sri Lanka () (2022)

Exports from Sri Lanka () to Bhutan () (2022)

Market Competitiveness

Difference in imports from Sri Lanka () and Bhutan () (2022)

Comparative Advantage Bhutan - Sri Lanka

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bhutan () and Sri Lanka () (2022)

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