Georgia (GEO) and Sri Lanka (LKA) Trade | The Observatory of Economic Complexity

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Georgia-Sri Lanka Trade: In 2023, Georgia exported $205k to Sri Lanka. The main products that Georgia exported to Sri Lanka were Packaged Medicaments ($74.5k), Razor Blades ($45.2k), and Medical Instruments ($26k). Over the past 5 years the exports of Georgia to Sri Lanka have increased at an annualized rate of 56.4%, from $21.9k in 2018 to $205k in 2023.

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

Sri Lanka-Georgia Trade: In 2023, Sri Lanka exported $4.02M to Georgia. The main products that Sri Lanka exported to Georgia were Tea ($1.8M), Other Vegetable Products ($1.22M), and Coconut and Other Vegetable Fibers ($384k). Over the past 5 years the exports of Sri Lanka to Georgia have increased at an annualized rate of 10.9%, from $2.39M in 2018 to $4.02M in 2023.

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

Comparison: In 2023, Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B). That same year, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Georgia exported $205k to Sri Lanka. The main products exported from Georgia to Sri Lanka were Packaged Medicaments ($74.5k), Razor Blades ($45.2k), and Medical Instruments ($26k). During the last 5 years the exports of Georgia to Sri Lanka have increased at an annualized rate of 56.4%, from $21.9k in 2018 to $205k in 2023.

In 2018, Sri Lanka exported $4.02M to Georgia. The main products exported from Sri Lanka to Georgia were Tea ($1.8M), Other Vegetable Products ($1.22M), and Coconut and Other Vegetable Fibers ($384k). During the last 5 years the exports of Sri Lanka to Georgia have increased at an annualized rate of 10.9%, from $2.39M in 2023 to $4.02M in 2018.

Exports from Georgia () to Sri Lanka () (2023)

Exports from Sri Lanka () to Georgia () (2023)

Latest Data

Trade between Georgia () and Sri Lanka ()

Georgia Exports

Date

Sri Lanka Exports

Date

Feb 2012

Jan 2012

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationAzerbaijan$828M

Sri Lanka
Top DestinationUnited States$2.98B

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

In 2023, countries that imported more from Georgia than Sri Lanka included Azerbaijan ($828M), Armenia ($712M), and Turkey ($733M).

In 2023, countries that imported more from Sri Lanka than Georgia included United States ($2.98B), India ($991M), and United Kingdom ($900M).

Difference in imports from Sri Lanka () and Georgia () (2023)

Comparative Advantage Georgia - Sri Lanka

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Georgia had a large net trade with Sri Lanka in the exports of Chemical Products ($74.5k), Metals ($47.7k), and Instruments ($34.1k).

During 2018, Sri Lanka had a large net trade with Georgia in the exports of Vegetable Products ($3.04M), Textiles ($385k), and Chemical Products ($262k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Sri Lanka+$3.17kRefined Petroleum

Top Product Potential Sri Lanka Georgia+$2.05kRubber Tires

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Sri Lanka () (2023)

Exports from Sri Lanka () to Georgia () (2023)

Latest Data

Trade between Georgia () and Sri Lanka ()

Georgia Exports

Sri Lanka Exports

Market Competitiveness

Difference in imports from Sri Lanka () and Georgia () (2023)

Comparative Advantage Georgia - Sri Lanka

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Georgia () and Sri Lanka () (2023)

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