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2023
Flag → Flag
Exports $232MRnk 38 / 198
2023
Flag → Flag
Top Product $32.2MGas Turbines
2023
Flag → Flag
Exports $200MRnk 16 / 200
2023
Flag → Flag
Top Product $22MPrecious Stones
2023
Flag
Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag  
GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
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GDP GROWTH38.1%CURRENT US$
Rnk 97 / 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 $50,532CURRENT US$
Rnk 25 / 195
2013-2023
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GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 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

Hong Kong-Sri Lanka Trade: In 2023, Hong Kong exported $232M to Sri Lanka. The main products that Hong Kong exported to Sri Lanka were Gas Turbines ($32.2M), Light Rubberized Knitted Fabric ($31.9M), and Narrow Woven Fabric ($20.1M). Over the past 5 years the exports of Hong Kong to Sri Lanka have decreased at an annualized rate of 14.9%, from $518M in 2018 to $232M in 2023.

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

Sri Lanka-Hong Kong Trade: In 2023, Sri Lanka exported $200M to Hong Kong. The main products that Sri Lanka exported to Hong Kong were Precious Stones ($22M), Tea ($20.4M), and Electrical Control Boards ($18.1M). Over the past 5 years the exports of Sri Lanka to Hong Kong have increased at an annualized rate of 8.51%,  from $133M in 2018 to $200M in 2023.

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

Comparison: In 2023,  Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B). 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
Value

In 2023, Hong Kong exported $232M to Sri Lanka. The main products exported from Hong Kong to Sri Lanka were Gas Turbines ($32.2M), Light Rubberized Knitted Fabric ($31.9M), and Narrow Woven Fabric ($20.1M). During the last 5 years the exports of Hong Kong to Sri Lanka have decreased at an annualized rate of 14.9%, from $518M in 2018 to $232M in 2023.

In 2018, Sri Lanka exported $200M to Hong Kong. The main products exported from Sri Lanka to Hong Kong were Precious Stones ($22M), Tea ($20.4M), and Electrical Control Boards ($18.1M). During the last 5 years the exports of Sri Lanka to Hong Kong have increased at an annualized rate of 8.51%, from $133M in 2023 to $200M in 2018.

Exports from Hong Kong (Flag) to Sri Lanka (Flag) (2023)

Exports from Sri Lanka (Flag) to Hong Kong (Flag) (2023)

Latest Data

Trade between Hong Kong (Flag) and Sri Lanka (Flag)

Hong Kong Exports

Sri Lanka Exports

Date

Market Competitiveness

Color
Hong Kong
Top DestinationChina$25.3B
Sri Lanka
Top DestinationUnited States$2.98B

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

In 2023, countries that imported more from Hong Kong than Sri Lanka included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

In 2023, countries that imported more from Sri Lanka than Hong Kong included Maldives ($168M), Iraq ($131M), and United States ($2.98B).

Difference in imports from Sri Lanka (Flag) and Hong Kong (Flag) (2023)

Comparative Advantage Hong Kong - Sri Lanka

Flow
Scale

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

During 2023, Hong Kong had a large net trade with Sri Lanka in the exports of Textiles ($101M), Machines ($57.5M), and Miscellaneous ($14.5M).

During 2018, Sri Lanka had a large net trade with Hong Kong in the exports of Textiles ($42.1M), Machines ($37M), and Precious Metals ($34.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hong Kong Sri Lanka+$4.86MTelephones
Top Product Potential Sri Lanka Hong Kong+$10.1MDiamonds

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

Product Space of Hong Kong (Flag) and Sri Lanka (Flag) (2023)

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