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Pricing

2022
Flag → Flag
Exports $18.3MRnk 64 / 156
2022
Flag → Flag
Top Product $13.7MEthylene Polymers
2022
Flag → Flag
Exports $66.5MRnk 41 / 194
2022
Flag → Flag
Top Product $13.5MTea
2022
Flag
Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag  
GDP$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
 GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%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 GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

Kuwait-Sri Lanka Trade: In 2022, Kuwait exported $18.3M to Sri Lanka. The main products that Kuwait exported to Sri Lanka were Ethylene Polymers ($13.7M), Sodium or Potassium Peroxides ($1.21M), and Organic Composite Solvents ($1.2M). Over the past 5 years the exports of Kuwait to Sri Lanka have decreased at an annualized rate of 2.37%, from $20.6M in 2017 to $18.3M in 2022.

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

Sri Lanka-Kuwait Trade: 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). Over the past 5 years the exports of Sri Lanka to Kuwait have increased at an annualized rate of 8.04%,  from $45.2M in 2017 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 5 years the exports of Kuwait to Sri Lanka have decreased at an annualized rate of 2.37%, from $20.6M in 2017 to $18.3M in 2022.

In 2017, 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 5 years the exports of Sri Lanka to Kuwait have increased at an annualized rate of 8.04%, from $45.2M in 2022 to $66.5M in 2017.

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 DestinationChina$24.3B
Sri Lanka
Top DestinationUnited 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 2022, countries that imported more from Kuwait than Sri Lanka included China ($24.3B), India ($15B), and South Korea ($10.8B).

In 2022, countries that imported more from Sri Lanka than Kuwait included 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 2017, Sri Lanka had a large net trade with Kuwait in the exports of Textiles ($32.7M), Vegetable Products ($21.3M), and Foodstuffs ($5.21M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Kuwait Sri Lanka+$144kLarge Construction Vehicles
Top Product Potential Sri Lanka Kuwait+$2.52MKnit T-shirts

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

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

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