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2023
Flag → Flag
Exports $192MRnk 104 / 211
2023
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Top Product $14MSynthetic Rubber
2023
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Exports $253MRnk 13 / 200
2023
Flag → Flag
Top Product $38.5MTea
2023
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 132
2023
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Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
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GDP$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
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GDP GROWTH-19.3%CURRENT US$
Rnk 190 / 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 $33,767CURRENT US$
Rnk 38 / 195
2013-2023
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GDP PC GROWTH-17.4%CURRENT US$
Rnk 176 / 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

Japan-Sri Lanka Trade: In 2023, Japan exported $192M to Sri Lanka. The main products that Japan exported to Sri Lanka were Synthetic Rubber ($14M), Medical Instruments ($10M), and Light Rubberized Knitted Fabric ($8.89M). Over the past 5 years the exports of Japan to Sri Lanka have decreased at an annualized rate of 30.6%, from $1.19B in 2018 to $192M in 2023.

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

Sri Lanka-Japan Trade: In 2023, Sri Lanka exported $253M to Japan. The main products that Sri Lanka exported to Japan were Tea ($38.5M), Bran ($29M), and Rubber Apparel ($12.6M). Over the past 5 years the exports of Sri Lanka to Japan have decreased at an annualized rate of 1.31%,  from $270M in 2018 to $253M in 2023.

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

Comparison: In 2023,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B). 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, Japan exported ¥3.14B and imported ¥3.14B from Sri Lanka, resulting in a negative trade balance of ¥2k. Between November 2023 and November 2024 the exports of Japan have increased by ¥599M (23.6%) from ¥2.54B to ¥3.14B, while imports increased by ¥278M (9.71%) from ¥2.86B to ¥3.14B.

Trade In November 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 November 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 November 2024 the exports of Japan were mainly from Kanagawa (¥1.11B), Hyōgo (¥610M), Aichi (¥462M), Osaka (¥384M), and Chiba (¥246M), while imports destinations were mainly Tokyo (¥663M), Aichi (¥448M), Kanagawa (¥415M), Osaka (¥390M), and Chiba (¥318M).

Growth In November 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 November 2024, the increase in Japan's year-by-year imports  from Sri Lanka was explained primarily by an increase in product imports  in Precious Stones (¥144M or 660%), Tea (¥109M or 33.3%), and Other Women's Undergarments (¥80.8M or 456%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)¥599M(23.6%)
IMPORT GROWTH (November 2023 - November 2024)¥278M(9.71%)
MAIN EXPORTER (November 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 2023, Japan exported $192M to Sri Lanka. The main products exported from Japan to Sri Lanka were Synthetic Rubber ($14M), Medical Instruments ($10M), and Light Rubberized Knitted Fabric ($8.89M). During the last 5 years the exports of Japan to Sri Lanka have decreased at an annualized rate of 30.6%, from $1.19B in 2018 to $192M in 2023.

In 2018, Sri Lanka exported $253M to Japan. The main products exported from Sri Lanka to Japan were Tea ($38.5M), Bran ($29M), and Rubber Apparel ($12.6M). During the last 5 years the exports of Sri Lanka to Japan have decreased at an annualized rate of 1.31%, from $270M in 2023 to $253M in 2018.

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$143B
Sri Lanka
Top DestinationUnited States$2.98B

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 2023, countries that imported more from Japan than Sri Lanka included United States ($143B), China ($138B), and Chinese Taipei ($43B).

In 2023, countries that imported more from Sri Lanka than Japan included Maldives ($168M), Syria ($43.4M), and Guinea ($19.5M).

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

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 2023, Japan had a large net trade with Sri Lanka in the exports of Machines ($53.2M), Plastics and Rubbers ($31.4M), and Textiles ($24.7M).

During 2018, Sri Lanka had a large net trade with Japan in the exports of Vegetable Products ($59.4M), Textiles ($50.8M), and Foodstuffs ($37.5M).

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) (2023)

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