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2023
Flag → Flag
Exports $3.62BRnk 32 / 220
2023
Flag → Flag
Top Product $360MRaw Sugar
2023
Flag → Flag
Exports $991MRnk 2 / 200
2023
Flag → Flag
Top Product $96.6MPlanes, Helicopters, and/or Spacecraft
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
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Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
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GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
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GDP GROWTH92.1%CURRENT US$
Rnk 19 / 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 $2,481CURRENT US$
Rnk 148 / 195
2013-2023
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GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 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

India-Sri Lanka Trade: In 2023, India exported $3.62B to Sri Lanka. The main products that India exported to Sri Lanka were Raw Sugar ($360M), Packaged Medicaments ($277M), and Light Rubberized Knitted Fabric ($230M). Over the past 5 years the exports of India to Sri Lanka have decreased at an annualized rate of 4.93%, from $4.67B in 2018 to $3.62B in 2023.

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

Sri Lanka-India Trade: In 2023, Sri Lanka exported $991M to India. The main products that Sri Lanka exported to India were Planes, Helicopters, and/or Spacecraft ($96.6M), Animal Food ($90.5M), and Pepper ($82.1M). Over the past 5 years the exports of Sri Lanka to India have decreased at an annualized rate of 5.63%,  from $1.32B in 2018 to $991M in 2023.

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

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). 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, India exported $397M and imported $165M from Sri Lanka, resulting in a positive trade balance of $233M. Between November 2023 and November 2024 the exports of India have increased by $95.8M (31.8%) from $302M to $397M, while imports increased by $75.3M (84.1%) from $89.5M to $165M.

Trade In November 2024, the top exports of India to Sri Lanka were Ship, Boat And Floating Struct ($61.6M), Petroleum Products ($36.1M), Sugar ($28.8M), Cotton Fabrics, Madeups Etc. ($23.7M), and Drug Formulations, Biologicals ($17.5M). In November 2024 the top imports of India from Sri Lanka were Other Commodities ($13.3M), Spices ($9.71M), Pearl, Precs, Semiprecs Stones ($4.55M), Rmg Cotton Incl Accessories ($3.76M), and Manmade Staple Fibre ($3.7M).

Growth In November 2024, the increase in India's year-by-year exports to Sri Lanka was explained primarily by an increase in product exports in Sugar ($12.5M or 76%), Drug Formulations, Biologicals ($4.51M or 34.7%), and Oil Meals ($2.86M or 164%). In November 2024, the increase in India's year-by-year imports  from Sri Lanka was explained primarily by an increase in product imports  in Pearl, Precs, Semiprecs Stones ($3.31M or 268%), Other Commodities ($2.81M or 26.8%), and Rmg Cotton Incl Accessories ($2.18M or 138%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$95.8M(31.8%)
IMPORT GROWTH (November 2023 - November 2024)$75.3M(84.1%)

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

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

For full datasets download visit Bulk Download page.

Explore Sri Lanka and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $3.62B to Sri Lanka. The main products exported from India to Sri Lanka were Raw Sugar ($360M), Packaged Medicaments ($277M), and Light Rubberized Knitted Fabric ($230M). During the last 5 years the exports of India to Sri Lanka have decreased at an annualized rate of 4.93%, from $4.67B in 2018 to $3.62B in 2023.

In 2018, Sri Lanka exported $991M to India. The main products exported from Sri Lanka to India were Planes, Helicopters, and/or Spacecraft ($96.6M), Animal Food ($90.5M), and Pepper ($82.1M). During the last 5 years the exports of Sri Lanka to India have decreased at an annualized rate of 5.63%, from $1.32B in 2023 to $991M in 2018.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Sri Lanka
Top DestinationUnited States$2.98B

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

In 2023, countries that imported more from India than Sri Lanka included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

In 2023, countries that imported more from Sri Lanka than India included American Samoa ($702k), Niue ($1.33k), and Saint Helena ($260).

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

Comparative Advantage India - Sri Lanka

Flow
Scale

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

During 2023, India had a large net trade with Sri Lanka in the exports of Textiles ($678M), Chemical Products ($579M), and Transportation ($445M).

During 2018, Sri Lanka had a large net trade with India in the exports of Vegetable Products ($216M), Foodstuffs ($157M), and Textiles ($140M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Sri Lanka+$34.2MDiamonds
Top Product Potential Sri Lanka India+$90MCrude Petroleum

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

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

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