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2023
Flag → Flag
Exports $124MRnk 77 / 215
2023
Flag → Flag
Top Product $73.9MWheat
2023
Flag → Flag
Exports $379MRnk 6 / 200
2023
Flag → Flag
Top Product $36.3MKnit Sweaters
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
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GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
 GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
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GDP GROWTH9.55%CURRENT US$
Rnk 157 / 195
2023
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GDP PC $53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
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GDP PC$3,828CURRENT US$
Rnk 132 / 196
2013-2023
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GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195

About

Canada-Sri Lanka Trade: In 2023, Canada exported $124M to Sri Lanka. The main products that Canada exported to Sri Lanka were Wheat ($73.9M), Diamonds ($13.1M), and Dried Legumes ($9.95M). Over the past 5 years the exports of Canada to Sri Lanka have decreased at an annualized rate of 8.62%, from $195M in 2018 to $124M in 2023.

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 2023, Sri Lanka exported $379M to Canada. The main products that Sri Lanka exported to Canada were Knit Sweaters ($36.3M), Other Women's Undergarments ($28.2M), and Non-Knit Women's Suits ($26.6M). Over the past 5 years the exports of Sri Lanka to Canada have increased at an annualized rate of 5.39%,  from $292M in 2018 to $379M in 2023.

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

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B).

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$5.42M and imported C$39.6M from Sri Lanka, resulting in a negative trade balance of C$34.2M. Between November 2023 and November 2024 the exports of Canada have increased by C$881k (19.4%) from C$4.54M to C$5.42M, while imports increased by C$3.52M (9.76%) from C$36.1M to C$39.6M.

Trade In November 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 November 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 November 2024 the exports of Canada were mainly from Saskatchewan (C$2.36M), Alberta (C$1.38M), British Columbia (C$837k), Quebec (C$395k), and Ontario (C$215k), while imports destinations were mainly Ontario (C$21.8M), British Columbia (C$12.6M), Quebec (C$3.85M), Manitoba (C$725k), and Alberta (C$417k).

Growth In November 2024, the increase in Canada's year-by-year exports to Sri Lanka was explained primarily by an increase in product exports in Integrated Circuits (C$900k or 241%), Computers (C$146k or 274%), and Ethylene Polymers (C$94.6k or 38.4%). In November 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 (November 2023 - November 2024)C$881k(19.4%)
IMPORT GROWTH (November 2023 - November 2024)C$3.52M(9.76%)
MAIN EXPORTER (November 2024)SaskatchewanC$2.36M

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 2023, Canada exported $124M to Sri Lanka. The main products exported from Canada to Sri Lanka were Wheat ($73.9M), Diamonds ($13.1M), and Dried Legumes ($9.95M). During the last 5 years the exports of Canada to Sri Lanka have decreased at an annualized rate of 8.62%, from $195M in 2018 to $124M in 2023.

In 2018, Sri Lanka exported $379M to Canada. The main products exported from Sri Lanka to Canada were Knit Sweaters ($36.3M), Other Women's Undergarments ($28.2M), and Non-Knit Women's Suits ($26.6M). During the last 5 years the exports of Sri Lanka to Canada have increased at an annualized rate of 5.39%, from $292M in 2023 to $379M in 2018.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Sri Lanka
Top DestinationUnited States$2.98B

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 2023, countries that imported more from Canada than Sri Lanka included United States ($410B), China ($31.1B), and United Kingdom ($18B).

In 2023, countries that imported more from Sri Lanka than Canada included Maldives ($168M), Russia ($146M), and Azerbaijan ($60.8M).

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

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 2023, Canada had a large net trade with Sri Lanka in the exports of Vegetable Products ($85.6M), Precious Metals ($13.2M), and Machines ($8.47M).

During 2018, Sri Lanka had a large net trade with Canada in the exports of Textiles ($241M), Plastics and Rubbers ($31.7M), and Machines ($29.3M).

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) (2023)

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