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Pricing

2022
Flag → Flag
Exports $195MRnk 87 / 224
2022
Flag → Flag
Top Product $13.9MHard Liquor
2022
Flag → Flag
Exports $1.04BRnk 3 / 194
2022
Flag → Flag
Top Product $124MKnit Babies' Garments
2022
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Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
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Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
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GDP GROWTH13.5%CURRENT US$
Rnk 139 / 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 $45,850CURRENT US$
Rnk 23 / 186
2012-2022
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GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 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

United Kingdom-Sri Lanka Trade: In 2022, United Kingdom exported $195M to Sri Lanka. The main products that United Kingdom exported to Sri Lanka were Hard Liquor ($13.9M), Uncoated Paper ($13.8M), and Gas Turbines ($10.7M). Over the past 5 years the exports of United Kingdom to Sri Lanka have decreased at an annualized rate of 6.18%, from $268M in 2017 to $195M in 2022.

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

Sri Lanka-United Kingdom Trade: In 2022, Sri Lanka exported $1.04B to United Kingdom. The main products that Sri Lanka exported to United Kingdom were Knit Babies' Garments ($124M), Non-Knit Women's Suits ($108M), and Knit Women's Suits ($86.7M). Over the past 5 years the exports of Sri Lanka to United Kingdom have increased at an annualized rate of 0.18%,  from $1.03B in 2017 to $1.04B in 2022.

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

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). 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, United Kingdom exported £8.44M and imported £43.8M from Sri Lanka, resulting in a negative trade balance of £35.4M. Between August 2023 and August 2024 the exports of United Kingdom have decreased by £-1.26M (-13%) from £9.7M to £8.44M, while imports decreased by £-10M (-18.6%) from £53.8M to £43.8M.

Trade In August 2024, the top exports of United Kingdom to Sri Lanka were Commodities not elsewhere specified (£1.04M), Animal Food (£383k), Medical Instruments (£359k), Electric Generating Sets (£294k), and Other Edible Preparations (£284k). In August 2024 the top imports of United Kingdom from Sri Lanka were Knit Babies' Garments (£6.56M), Documents of title (bonds etc) and... (£5.96M), Non-Knit Women's Suits (£5.53M), Knit Women's Undergarments (£3.05M), and Knit Women's Suits (£2.62M).

Origins In August 2024 the exports of United Kingdom were mainly from London Heathrow Airport (£2.84M), London Gateway (£2.72M), Felixstowe (£1.52M), East Midlands Airport (£454k), and Manchester Airport (£203k), while imports destinations were mainly London Gateway (£15.6M), London Heathrow Airport (£7.5M), Felixstowe (£7.21M), and Manchester Airport (£1.35M).

Growth In August 2024, the decrease in United Kingdom's year-by-year exports to Sri Lanka was explained primarily by an decrease in product exports in Uncoated Paper (£-928k or -79.5%), Packaged Medicaments (£-510k or -96.8%), and Hard Liquor (£-338k or -85.9%). In August 2024, the decrease in United Kingdom's year-by-year imports  from Sri Lanka was explained primarily by an decrease in product imports  in Precious Stones (£-8.49M or -88.7%), Knit Women's Suits (£-1.82M or -41%), and Bicycles, delivery tricycles, other cycles (£-1.61M or -88.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)£-1.26M(-13%)
IMPORT GROWTH (August 2023 - August 2024)£-10M(-18.6%)
MAIN EXPORTER (August 2024)London Heathrow Airport£2.84M

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

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

For full datasets download visit Bulk Download page.

Explore Sri Lanka and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $195M to Sri Lanka. The main products exported from United Kingdom to Sri Lanka were Hard Liquor ($13.9M), Uncoated Paper ($13.8M), and Gas Turbines ($10.7M). During the last 5 years the exports of United Kingdom to Sri Lanka have decreased at an annualized rate of 6.18%, from $268M in 2017 to $195M in 2022.

In 2017, Sri Lanka exported $1.04B to United Kingdom. The main products exported from Sri Lanka to United Kingdom were Knit Babies' Garments ($124M), Non-Knit Women's Suits ($108M), and Knit Women's Suits ($86.7M). During the last 5 years the exports of Sri Lanka to United Kingdom have increased at an annualized rate of 0.18%, from $1.03B in 2022 to $1.04B in 2017.

Exports from United Kingdom (Flag) to Sri Lanka (Flag) (2022)

Exports from Sri Lanka (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Sri Lanka
Top DestinationUnited States$3.52B

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

In 2022, countries that imported more from United Kingdom than Sri Lanka included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2022, countries that imported more from Sri Lanka than United Kingdom included Maldives ($128M), Syria ($36M), and Haiti ($29.5M).

Difference in imports from Sri Lanka (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Sri Lanka

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Sri Lanka in the exports of Machines ($53.8M), Chemical Products ($26.6M), and Foodstuffs ($24.6M).

During 2017, Sri Lanka had a large net trade with United Kingdom in the exports of Textiles ($765M), Plastics and Rubbers ($41.8M), and Machines ($36.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Sri Lanka+$8.49MPackaged Medicaments
Top Product Potential Sri Lanka United Kingdom+$15.8MKnit Sweaters

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

Product Space of United Kingdom (Flag) and Sri Lanka (Flag) (2022)

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