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Pricing

2023
Flag → Flag
Exports $209MRnk 89 / 223
2023
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Top Product $49.6MGas Turbines
2023
Flag → Flag
Exports $900MRnk 4 / 200
2023
Flag → Flag
Top Product $87.2MKnit Babies' Garments
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
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Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
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GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
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GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
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 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 $49,464CURRENT US$
Rnk 26 / 195
2013-2023
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GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 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

United Kingdom-Sri Lanka Trade: In 2023, United Kingdom exported $209M to Sri Lanka. The main products that United Kingdom exported to Sri Lanka were Gas Turbines ($49.6M), Hard Liquor ($29.1M), and Packaged Medicaments ($8.36M). Over the past 5 years the exports of United Kingdom to Sri Lanka have decreased at an annualized rate of 11.6%, from $388M in 2018 to $209M in 2023.

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

Sri Lanka-United Kingdom Trade: In 2023, Sri Lanka exported $900M to United Kingdom. The main products that Sri Lanka exported to United Kingdom were Knit Babies' Garments ($87.2M), Non-Knit Women's Suits ($83.1M), and Knit Women's Suits ($68.7M). Over the past 5 years the exports of Sri Lanka to United Kingdom have increased at an annualized rate of 1.85%,  from $822M in 2018 to $900M in 2023.

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

Comparison: In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B). 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, United Kingdom exported £11M and imported £46.5M from Sri Lanka, resulting in a negative trade balance of £35.5M. Between November 2023 and November 2024 the exports of United Kingdom have decreased by £-1.51M (-12%) from £12.6M to £11M, while imports decreased by £-904k (-1.91%) from £47.4M to £46.5M.

Trade In November 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 November 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 November 2024 the exports of United Kingdom were mainly from London Gateway (£5.19M), London Heathrow Airport (£2.21M), Felixstowe (£1.16M), East Midlands Airport (£304k), and Manchester Airport (£277k), while imports destinations were mainly London Gateway (£15.5M), Felixstowe (£11.9M), London Heathrow Airport (£5.44M), and Southampton (£1.62M).

Growth In November 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 November 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 (November 2023 - November 2024)£-1.51M(-12%)
IMPORT GROWTH (November 2023 - November 2024)£-904k(-1.91%)
MAIN EXPORTER (November 2024)London Gateway£5.19M

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 2023, United Kingdom exported $209M to Sri Lanka. The main products exported from United Kingdom to Sri Lanka were Gas Turbines ($49.6M), Hard Liquor ($29.1M), and Packaged Medicaments ($8.36M). During the last 5 years the exports of United Kingdom to Sri Lanka have decreased at an annualized rate of 11.6%, from $388M in 2018 to $209M in 2023.

In 2018, Sri Lanka exported $900M to United Kingdom. The main products exported from Sri Lanka to United Kingdom were Knit Babies' Garments ($87.2M), Non-Knit Women's Suits ($83.1M), and Knit Women's Suits ($68.7M). During the last 5 years the exports of Sri Lanka to United Kingdom have increased at an annualized rate of 1.85%, from $822M in 2023 to $900M in 2018.

Exports from United Kingdom (Flag) to Sri Lanka (Flag) (2023)

Exports from Sri Lanka (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Sri Lanka
Top DestinationUnited States$2.98B

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 2023, countries that imported more from United Kingdom than Sri Lanka included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

In 2023, countries that imported more from Sri Lanka than United Kingdom included Maldives ($168M), Syria ($43.4M), and Guinea-Bissau ($1.24M).

Difference in imports from Sri Lanka (Flag) and United Kingdom (Flag) (2023)

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 2023, United Kingdom had a large net trade with Sri Lanka in the exports of Machines ($74.5M), Foodstuffs ($41.6M), and Chemical Products ($22.8M).

During 2018, Sri Lanka had a large net trade with United Kingdom in the exports of Textiles ($625M), Plastics and Rubbers ($43.3M), and Machines ($40.2M).

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) (2023)

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