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Pricing

2022
Flag → Flag
Exports $245MRnk 85 / 211
2022
Flag → Flag
Top Product $29.3MSynthetic Rubber
2022
Flag → Flag
Exports $268MRnk 13 / 194
2022
Flag → Flag
Top Product $38.8MTea
2022
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
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Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
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GDP$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
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GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 186
2022
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 GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
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GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
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GDP PC $33,815CURRENT US$
Rnk 32 / 186
2012-2022
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GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 186
2022
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GDP PC$3,354CURRENT US$
Rnk 130 / 186
2012-2022
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GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

Japan-Sri Lanka Trade: In 2022, Japan exported $245M to Sri Lanka. The main products that Japan exported to Sri Lanka were Synthetic Rubber ($29.3M), Large Construction Vehicles ($13.6M), and Synthetic Filament Yarn Woven Fabric ($10.7M). Over the past 5 years the exports of Japan to Sri Lanka have decreased at an annualized rate of 24.3%, from $981M in 2017 to $245M in 2022.

In 2022, Japan did not export any services to Sri Lanka.

Sri Lanka-Japan Trade: In 2022, Sri Lanka exported $268M to Japan. The main products that Sri Lanka exported to Japan were Tea ($38.8M), Bran ($22.1M), and Crustaceans ($19.5M). Over the past 5 years the exports of Sri Lanka to Japan have increased at an annualized rate of 2.23%,  from $240M in 2017 to $268M in 2022.

In 2022, Sri Lanka did not export any services to Japan.

Comparison: In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). That same year, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Latest Trends

August, 2024

About

Overview In August 2024, Japan exported ¥2.79B and imported ¥2.57B from Sri Lanka, resulting in a positive trade balance of ¥225M. Between August 2023 and August 2024 the exports of Japan have increased by ¥1.04B (59.3%) from ¥1.75B to ¥2.79B, while imports decreased by ¥-147M (-5.42%) from ¥2.72B to ¥2.57B.

Trade In August 2024, the top exports of Japan to Sri Lanka were Synthetic Rubber (¥135M), Commodities not elsewhere specified (¥79.9M), Motor vehicles; parts and accessories (8701... (¥46.6M), Other Plastic Products (¥42.4M), and Synthetic Filament Yarn Woven Fabric (¥35.1M). In August 2024 the top imports of Japan from Sri Lanka were Bran (¥497M), Tea (¥437M), Precious Stones (¥166M), Rubber Apparel (¥151M), and Other Vegetable Products (¥129M).

Origins In August 2024 the exports of Japan were mainly from Kanagawa (¥1.11B), Hyōgo (¥521M), Aichi (¥443M), Chiba (¥267M), and Osaka (¥260M), while imports destinations were mainly Tokyo (¥638M), Aichi (¥381M), Chiba (¥330M), Hyōgo (¥290M), and Osaka (¥271M).

Growth In August 2024, the increase in Japan's year-by-year exports to Sri Lanka was explained primarily by an increase in product exports in Other Plastic Products (¥26.1M or 160%), Non-Retail Synthetic Filament Yarn (¥15.7M or 1.17k%), and Prepared Pigments (¥14M or 595%). In August 2024, the decrease in Japan's year-by-year imports  from Sri Lanka was explained primarily by an decrease in product imports  in Crustaceans (¥-106M or -57.4%), Quartz (¥-70.6M or -51.2%), and Rubber Apparel (¥-68.7M or -31.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)¥1.04B(59.3%)
IMPORT GROWTH (August 2023 - August 2024)¥-147M(-5.42%)
MAIN EXPORTER (August 2024)Kanagawa¥1.11B

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

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

For full datasets download visit Bulk Download page.

Explore Sri Lanka and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Japan exported $245M to Sri Lanka. The main products exported from Japan to Sri Lanka were Synthetic Rubber ($29.3M), Large Construction Vehicles ($13.6M), and Synthetic Filament Yarn Woven Fabric ($10.7M). During the last 5 years the exports of Japan to Sri Lanka have decreased at an annualized rate of 24.3%, from $981M in 2017 to $245M in 2022.

In 2017, Sri Lanka exported $268M to Japan. The main products exported from Sri Lanka to Japan were Tea ($38.8M), Bran ($22.1M), and Crustaceans ($19.5M). During the last 5 years the exports of Sri Lanka to Japan have increased at an annualized rate of 2.23%, from $240M in 2022 to $268M in 2017.

Exports from Japan (Flag) to Sri Lanka (Flag) (2022)

Exports from Sri Lanka (Flag) to Japan (Flag) (2022)

Market Competitiveness

Color
Japan
Top DestinationUnited States$137B
Sri Lanka
Top DestinationUnited States$3.52B

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

In 2022, countries that imported more from Japan than Sri Lanka included China ($135B), United States ($137B), and South Korea ($50.8B).

In 2022, countries that imported more from Sri Lanka than Japan included Maldives ($128M), Iran ($86.1M), and Syria ($36M).

Difference in imports from Sri Lanka (Flag) and Japan (Flag) (2022)

Comparative Advantage Japan - Sri Lanka

Flow
Scale

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

During 2022, Japan had a large net trade with Sri Lanka in the exports of Machines ($68.5M), Plastics and Rubbers ($47.1M), and Textiles ($32M).

During 2017, Sri Lanka had a large net trade with Japan in the exports of Vegetable Products ($60.3M), Textiles ($56.4M), and Plastics and Rubbers ($30.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Sri Lanka+$8.77MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Sri Lanka Japan+$8.26MNon-Knit Women's Suits

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

Product Space of Japan (Flag) and Sri Lanka (Flag) (2022)

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