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2023
Flag → Flag
Exports $6.56MRnk 49 / 130
2023
Flag → Flag
Top Product $2.48MPackaged Medicaments
2023
Flag → Flag
Exports $44.2MRnk 44 / 200
2023
Flag → Flag
Top Product $37.6MTea
2023
Flag
Economic Complexity (ECI) ECI 0.084Rnk 58 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag  
GDP$405BCURRENT US$
Rnk 36 / 195
2013-2023
Flag
GDP GROWTH-19.1%CURRENT US$
Rnk 189 / 195
2023
Flag
 GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
Flag
GDP GROWTH9.55%CURRENT US$
Rnk 157 / 195
2023
Flag
GDP PC $4,466CURRENT US$
Rnk 125 / 195
2013-2023
Flag
GDP PC GROWTH-28.2%CURRENT US$
Rnk 186 / 195
2023
Flag
GDP PC$3,828CURRENT US$
Rnk 132 / 196
2013-2023
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GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195

About

Iran-Sri Lanka Trade: In 2023, Iran exported $6.56M to Sri Lanka. The main products that Iran exported to Sri Lanka were Packaged Medicaments ($2.48M), Nitrogenous Fertilizers ($1.4M), and Dried/Salted/Smoked/Brined Fish ($761k). Over the past 5 years the exports of Iran to Sri Lanka have decreased at an annualized rate of 33.7%, from $51.1M in 2018 to $6.56M in 2023.

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

Sri Lanka-Iran Trade: In 2023, Sri Lanka exported $44.2M to Iran. The main products that Sri Lanka exported to Iran were Tea ($37.6M), Coconut and Other Vegetable Fibers ($2.05M), and Coconuts, Brazil Nuts, and Cashews ($1.32M). Over the past 5 years the exports of Sri Lanka to Iran have decreased at an annualized rate of 13.4%,  from $90.7M in 2018 to $44.2M in 2023.

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

Comparison: In 2023,  Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B). 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, Iran exported $6.56M to Sri Lanka. The main products exported from Iran to Sri Lanka were Packaged Medicaments ($2.48M), Nitrogenous Fertilizers ($1.4M), and Dried/Salted/Smoked/Brined Fish ($761k). During the last 5 years the exports of Iran to Sri Lanka have decreased at an annualized rate of 33.7%, from $51.1M in 2018 to $6.56M in 2023.

In 2018, Sri Lanka exported $44.2M to Iran. The main products exported from Sri Lanka to Iran were Tea ($37.6M), Coconut and Other Vegetable Fibers ($2.05M), and Coconuts, Brazil Nuts, and Cashews ($1.32M). During the last 5 years the exports of Sri Lanka to Iran have decreased at an annualized rate of 13.4%, from $90.7M in 2023 to $44.2M in 2018.

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

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

Latest Data

Trade between Iran (Flag) and Sri Lanka (Flag)

Sri Lanka Exports

Date

Market Competitiveness

Color
Iran
Top DestinationChina$4.59B
Sri Lanka
Top DestinationUnited States$2.98B

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

In 2023, countries that imported more from Iran than Sri Lanka included China ($4.59B), Turkey ($2.18B), and Pakistan ($943M).

In 2023, countries that imported more from Sri Lanka than Iran included United States ($2.98B), United Kingdom ($900M), and Germany ($906M).

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

Comparative Advantage Iran - Sri Lanka

Flow
Scale

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

During 2023, Iran had a large net trade with Sri Lanka in the exports of Chemical Products ($4.43M), Animal Products ($839k), and Plastics and Rubbers ($428k).

During 2018, Sri Lanka had a large net trade with Iran in the exports of Vegetable Products ($38.9M), Textiles ($2.1M), and Transportation ($1.05M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Iran Sri Lanka+$4kRefined Petroleum
Top Product Potential Sri Lanka Iran+$3.64kTea

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

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

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