Laos (LAO) and Sri Lanka (LKA) Trade | The Observatory of Economic Complexity

About

Laos-Sri Lanka Trade: In 2022, Laos exported $520k to Sri Lanka. The main products that Laos exported to Sri Lanka were Potassic Fertilizers ($320k), Kraft Paper ($200k), and Electrical Transformers ($126). Over the past 5 years the exports of Laos to Sri Lanka have increased at an annualized rate of 14.3%, from $267k in 2017 to $520k in 2022.

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

Sri Lanka-Laos Trade: In 2022, Sri Lanka exported $8.39k to Laos. The main products that Sri Lanka exported to Laos were Tulles and Net Fabric ($7.57k), Perfume Plants ($734), and Tea ($90). Over the past 5 years the exports of Sri Lanka to Laos have decreased at an annualized rate of 42.2%, from $226k in 2017 to $8.39k in 2022.

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

Comparison: In 2022, Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Laos exported $520k to Sri Lanka. The main products exported from Laos to Sri Lanka were Potassic Fertilizers ($320k), Kraft Paper ($200k), and Electrical Transformers ($126). During the last 5 years the exports of Laos to Sri Lanka have increased at an annualized rate of 14.3%, from $267k in 2017 to $520k in 2022.

In 2017, Sri Lanka exported $8.39k to Laos. The main products exported from Sri Lanka to Laos were Tulles and Net Fabric ($7.57k), Perfume Plants ($734), and Tea ($90). During the last 5 years the exports of Sri Lanka to Laos have decreased at an annualized rate of 42.2%, from $226k in 2022 to $8.39k in 2017.

Exports from Laos () to Sri Lanka () (2022)

Exports from Sri Lanka () to Laos () (2022)

Latest Data

Trade between Laos () and Sri Lanka ()

Laos Exports

Date

Jul 2019

Apr 2019

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationThailand$3.29B

Sri Lanka
Top DestinationUnited States$3.52B

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

In 2022, countries that imported more from Laos than Sri Lanka included Thailand ($3.29B), China ($2.73B), and Vietnam ($978M).

In 2022, countries that imported more from Sri Lanka than Laos included United States ($3.52B), India ($1.12B), and United Kingdom ($1.04B).

Difference in imports from Sri Lanka () and Laos () (2022)

Comparative Advantage Laos - Sri Lanka

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Laos had a large net trade with Sri Lanka in the exports of Chemical Products ($320k), Paper Goods ($200k), and Textiles ($142).

During 2017, Sri Lanka had a large net trade with Laos in the exports of Textiles ($7.57k) and Vegetable Products ($824).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Laos Sri Lanka+$3.45kGold

Top Product Potential Sri Lanka Laos+$2.06kNon-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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Laos and Sri Lanka. This means that a dot/product with the flag of Laos 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 Laos.

About

Historical Data

Bilateral Trade by Products

Exports from Laos () to Sri Lanka () (2022)

Exports from Sri Lanka () to Laos () (2022)

Latest Data

Trade between Laos () and Sri Lanka ()

Laos Exports

Market Competitiveness

Difference in imports from Sri Lanka () and Laos () (2022)

Comparative Advantage Laos - Sri Lanka

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Laos () and Sri Lanka () (2022)

Keep Exploring