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Pricing

2022
Flag → Flag
Exports $97.5MRnk 87 / 215
2022
Flag → Flag
Top Product $38.6MPotassic Fertilizers
2022
Flag → Flag
Exports $429MRnk 7 / 194
2022
Flag → Flag
Top Product $75.8MKnit T-shirts
2022
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Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
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Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
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GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
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 GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
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GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
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GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
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GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
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GDP PC$3,354CURRENT US$
Rnk 130 / 186
2012-2022
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GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

Canada-Sri Lanka Trade: In 2022, Canada exported $97.5M to Sri Lanka. The main products that Canada exported to Sri Lanka were Potassic Fertilizers ($38.6M), Wheat ($11.4M), and Dried Legumes ($11.1M). Over the past 5 years the exports of Canada to Sri Lanka have decreased at an annualized rate of 12.9%, from $195M in 2017 to $97.5M in 2022.

In 2020, Canada exported services to Sri Lanka worth $5.97M, with Computer and information services ($5.22M) and Royalties and license fees ($746k) being the largest in terms of value.

Sri Lanka-Canada Trade: In 2022, Sri Lanka exported $429M to Canada. The main products that Sri Lanka exported to Canada were Knit T-shirts ($75.8M), Other Women's Undergarments ($30.3M), and Knit Women's Suits ($28.6M). Over the past 5 years the exports of Sri Lanka to Canada have increased at an annualized rate of 12.3%,  from $240M in 2017 to $429M in 2022.

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

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Latest Trends

August, 2024

About

Overview In August 2024, Canada exported C$5.02M and imported C$49.4M from Sri Lanka, resulting in a negative trade balance of C$44.3M. Between August 2023 and August 2024 the exports of Canada have decreased by C$-32.3M (-86.6%) from C$37.3M to C$5.02M, while imports increased by C$5.79M (13.3%) from C$43.6M to C$49.4M.

Trade In August 2024, the top exports of Canada to Sri Lanka were Wheat (C$13.7M), Integrated Circuits (C$1.27M), Ethylene Polymers (C$341k), Cars (C$219k), and Computers (C$199k). In August 2024 the top imports of Canada from Sri Lanka were Knit Sweaters (C$4.2M), Non-Knit Women's Suits (C$4.04M), Other Women's Undergarments (C$3.02M), Knit T-shirts (C$2.49M), and Knit Men's Undergarments (C$2.05M).

Origins In August 2024 the exports of Canada were mainly from Alberta (C$1.76M), Quebec (C$1.48M), British Columbia (C$658k), Ontario (C$487k), and Saskatchewan (C$452k), while imports destinations were mainly Ontario (C$25.6M), British Columbia (C$15.9M), Quebec (C$5.58M), Alberta (C$818k), and Manitoba (C$712k).

Growth In August 2024, the decrease in Canada's year-by-year exports to Sri Lanka was explained primarily by an decrease in product exports in Dried Legumes (C$-684k or -78.1%), Commodities not elsewhere specified (C$-226k or -86.4%), and Aircraft parts including unmanned craft (C$-33.9k or -76.1%). In August 2024, the increase in Canada's year-by-year imports  from Sri Lanka was explained primarily by an increase in product imports  in Non-Knit Women's Suits (C$2.16M or 115%), Knit Men's Suits (C$1.69M or 959%), and Knit T-shirts (C$1.45M or 140%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)C$-32.3M(-86.6%)
IMPORT GROWTH (August 2023 - August 2024)C$5.79M(13.3%)
MAIN EXPORTER (August 2024)AlbertaC$1.76M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Sri Lanka and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Sri Lanka and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $97.5M to Sri Lanka. The main products exported from Canada to Sri Lanka were Potassic Fertilizers ($38.6M), Wheat ($11.4M), and Dried Legumes ($11.1M). During the last 5 years the exports of Canada to Sri Lanka have decreased at an annualized rate of 12.9%, from $195M in 2017 to $97.5M in 2022.

In 2017, Sri Lanka exported $429M to Canada. The main products exported from Sri Lanka to Canada were Knit T-shirts ($75.8M), Other Women's Undergarments ($30.3M), and Knit Women's Suits ($28.6M). During the last 5 years the exports of Sri Lanka to Canada have increased at an annualized rate of 12.3%, from $240M in 2022 to $429M in 2017.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Sri Lanka
Top DestinationUnited States$3.52B

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

In 2022, countries that imported more from Canada than Sri Lanka included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Sri Lanka than Canada included Maldives ($128M), Azerbaijan ($76M), and Iraq ($164M).

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

Comparative Advantage Canada - Sri Lanka

Flow
Scale

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

During 2022, Canada had a large net trade with Sri Lanka in the exports of Chemical Products ($40.2M), Vegetable Products ($23.5M), and Machines ($13.5M).

During 2017, Sri Lanka had a large net trade with Canada in the exports of Textiles ($292M), Plastics and Rubbers ($35.7M), and Machines ($23.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Sri Lanka+$4.98MWheat
Top Product Potential Sri Lanka Canada+$10.6MNon-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

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

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

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