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2023
Flag → Flag
Exports $3.33BRnk 88 / 208
2023
Flag → Flag
Top Product $239MLight Rubberized Knitted Fabric
2023
Flag → Flag
Exports $312MRnk 10 / 200
2023
Flag → Flag
Top Product $57.2MTea
2023
Flag
Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag  
GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
Flag
GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
Flag
 GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
Flag
GDP GROWTH9.55%CURRENT US$
Rnk 157 / 195
2023
Flag
GDP PC $12,614CURRENT US$
Rnk 80 / 195
2013-2023
Flag
GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC$3,828CURRENT US$
Rnk 132 / 196
2013-2023
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GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195

About

China-Sri Lanka Trade: In 2023, China exported $3.33B to Sri Lanka. The main products that China exported to Sri Lanka were Light Rubberized Knitted Fabric ($239M), Broadcasting Equipment ($147M), and Synthetic Filament Yarn Woven Fabric ($139M). Over the past 5 years the exports of China to Sri Lanka have decreased at an annualized rate of 4.76%, from $4.25B in 2018 to $3.33B in 2023.

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

Sri Lanka-China Trade: In 2023, Sri Lanka exported $312M to China. The main products that Sri Lanka exported to China were Tea ($57.2M), Knit T-shirts ($21.9M), and Activated Carbon ($21.4M). Over the past 5 years the exports of Sri Lanka to China have decreased at an annualized rate of 0.58%,  from $321M in 2018 to $312M in 2023.

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

Comparison: In 2023,  China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T). That same year, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B).

Latest Trends

December, 2024

About

Overview In December 2024, China exported $486M and imported $27.9M from Sri Lanka, resulting in a positive trade balance of $458M. Between December 2023 and December 2024 the exports of China have increased by $67.7M (16.2%) from $418M to $486M, while imports increased by $380k (1.38%) from $27.5M to $27.9M.

Trade In December 2024, the top exports of China to Sri Lanka were Cranes ($35.1M), Synthetic Filament Yarn Woven Fabric ($21.2M), Light Fixtures ($15.2M), Semiconductor Devices ($14.3M), and Other knitted or crocheted fabrics. ($11.9M). In December 2024 the top imports of China from Sri Lanka were Precious Stones ($50.2M), Knit T-shirts ($5.42M), Tea ($4.8M), Activated Carbon ($2.75M), and Knit Men's Undergarments ($1.82M).

Origins In December 2024 the exports of China were mainly from Shanghai Province ($88.8M), Zhejiang Province ($85.4M), Guangdong Province ($78M), Shandong Province ($47.2M), and Jiangsu Province ($46.8M), while imports destinations were mainly Shanghai Province ($9.41M), Guangdong Province ($4.38M), Jiangsu Province ($4.03M), Beijing ($3.21M), and Zhejiang Province ($2.52M).

Growth In December 2024, the increase in China's year-by-year exports to Sri Lanka was explained primarily by an increase in product exports in Cranes ($35.1M or 40.6k%), Semiconductor Devices ($10.9M or 319%), and Light Fixtures ($8.58M or 130%). In December 2024, the increase in China's year-by-year imports  from Sri Lanka was explained primarily by an increase in product imports  in Precious Stones ($49.5M or 7.32k%), Tea ($2.45M or 104%), and Refined Copper ($978k or 786%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$67.7M(16.2%)
IMPORT GROWTH (December 2023 - December 2024)$380k(1.38%)
MAIN EXPORTER (December 2024)Shanghai Province$88.8M

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

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

For full datasets download visit Bulk Download page.

Explore Sri Lanka and China Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, China exported $3.33B to Sri Lanka. The main products exported from China to Sri Lanka were Light Rubberized Knitted Fabric ($239M), Broadcasting Equipment ($147M), and Synthetic Filament Yarn Woven Fabric ($139M). During the last 5 years the exports of China to Sri Lanka have decreased at an annualized rate of 4.76%, from $4.25B in 2018 to $3.33B in 2023.

In 2018, Sri Lanka exported $312M to China. The main products exported from Sri Lanka to China were Tea ($57.2M), Knit T-shirts ($21.9M), and Activated Carbon ($21.4M). During the last 5 years the exports of Sri Lanka to China have decreased at an annualized rate of 0.58%, from $321M in 2023 to $312M in 2018.

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

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

Market Competitiveness

Color
China
Top DestinationUnited States$436B
Sri Lanka
Top DestinationUnited States$2.98B

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

In 2023, countries that imported more from China than Sri Lanka included United States ($436B), Hong Kong ($259B), and Japan ($169B).

In 2023, countries that imported more from Sri Lanka than China included American Samoa ($702k), Guam ($24.5k), and Niue ($1.33k).

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

Comparative Advantage China - Sri Lanka

Flow
Scale

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

During 2023, China had a large net trade with Sri Lanka in the exports of Textiles ($1B), Machines ($822M), and Metals ($423M).

During 2018, Sri Lanka had a large net trade with China in the exports of Textiles ($98M), Vegetable Products ($72.9M), and Machines ($26.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Sri Lanka+$68.2MTelephones
Top Product Potential Sri Lanka China+$37.2MPrecious Stones

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 China and Sri Lanka. This means that a dot/product with the flag of China 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 China.

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

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