2022
Flag  
GDP
$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH
6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
 GDP
$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH
5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
GDP PC 
$43,233CURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP PC GROWTH
-15.7%CURRENT US$
Rnk 166 / 186
2022
Flag
GDP PC
$3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH
0.074%CURRENT US$
Rnk 141 / 186

About

Kuwait-Sri Lanka In 2022, Kuwait exported $18.3M to Sri Lanka. The main products that Kuwait exported to Sri Lanka are Ethylene Polymers ($13.7M), Sodium or Potassium Peroxides ($1.21M), and Organic Composite Solvents ($1.2M). During the last 23 years the exports of Kuwait to Sri Lanka have increased at an annualized rate of 2.1%, from $11.4M in 1999 to $18.3M in 2022.

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

Sri Lanka-Kuwait In 2022, Sri Lanka exported $66.5M to Kuwait. The main products that Sri Lanka exported to Kuwait were Tea ($13.5M), Knit T-shirts ($5.37M), and Knit Women's Suits ($4.71M). During the last 23 years the exports of Sri Lanka to Kuwait have increased at an annualized rate of 8.99%, from $9.18M in 1999 to $66.5M in 2022.

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

Comparison In 2022,  Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B). That same year, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Kuwait exported $18.3M to Sri Lanka. The main products exported from Kuwait to Sri Lanka were Ethylene Polymers ($13.7M), Sodium or Potassium Peroxides ($1.21M), and Organic Composite Solvents ($1.2M). During the last 23 years the exports of Kuwait to Sri Lanka have increased at an annualized rate of 2.1%, from $11.4M in 1999 to $18.3M in 2022.

In 2022, Sri Lanka exported $66.5M to Kuwait. The main products exported from Sri Lanka to Kuwait were Tea ($13.5M), Knit T-shirts ($5.37M), and Knit Women's Suits ($4.71M). During the last 23 years the exports of Sri Lanka to Kuwait have increased at an annualized rate of 8.99%, from $9.18M in 1999 to $66.5M in 2022.

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

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

Latest Data

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

Kuwait Exports

Sri Lanka Exports

Date

Market Competitiveness

Color
Kuwait
Top Destination
China$24.3B
Sri Lanka
Top Destination
United States$3.52B

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

In 2021, countries that imported more from Kuwait than Sri Lanka were China ($24.3B), India ($15B), and South Korea ($10.8B).

In 2021, countries that imported more from Sri Lanka than Kuwait were United States ($3.52B), Germany ($881M), and Italy ($662M).

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

Comparative Advantage Kuwait - Sri Lanka

Flow
Scale

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

During 2022, Kuwait had a large net trade with Sri Lanka in the exports of Plastics and Rubbers ($13.8M), Chemical Products ($3.38M), and Mineral Products ($389k).

During 2022, Sri Lanka had a large net trade with Kuwait in the exports of Textiles ($32.7M), Vegetable Products ($21.3M), and Foodstuffs ($5.21M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Kuwait has comparative advantage over Sri Lanka. Similarly, the more yellow a dot/product is, the more Sri Lanka has comparative advantage over Kuwait.

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

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with