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2023
Flag → Flag
Exports $338MRnk 8 / 200
2023
Flag → Flag
Top Product $39.8MTea
2023
Flag → Flag
Exports $1.72BRnk 34 / 216
2023
Flag → Flag
Top Product $841MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
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Economic Complexity (ECI) ECI 0.15Rnk 54 / 132
2023
Flag  
GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
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GDP GROWTH9.55%CURRENT US$
Rnk 157 / 195
2023
Flag
 GDP$514BCURRENT US$
Rnk 27 / 195
2013-2023
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GDP GROWTH28.5%CURRENT US$
Rnk 118 / 195
2023
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GDP PC $3,828CURRENT US$
Rnk 132 / 195
2013-2023
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GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195
2023
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GDP PC$49,041CURRENT US$
Rnk 27 / 196
2013-2023
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GDP PC GROWTH-5.73%CURRENT US$
Rnk 161 / 195

About

Sri Lanka-United Arab Emirates Trade: In 2023, Sri Lanka exported $338M to United Arab Emirates. The main products that Sri Lanka exported to United Arab Emirates were Tea ($39.8M), Precious Stones ($35.1M), and Refined Petroleum ($20.2M). Over the past 5 years the exports of Sri Lanka to United Arab Emirates have increased at an annualized rate of 9.45%, from $215M in 2018 to $338M in 2023.

In 2023, Sri Lanka did not export any services to United Arab Emirates.

United Arab Emirates-Sri Lanka Trade: In 2023, United Arab Emirates exported $1.72B to Sri Lanka. The main products that United Arab Emirates exported to Sri Lanka were Crude Petroleum ($841M), Refined Petroleum ($435M), and Gold ($127M). Over the past 5 years the exports of United Arab Emirates to Sri Lanka have increased at an annualized rate of 12.3%,  from $963M in 2018 to $1.72B in 2023.

In 2023, United Arab Emirates did not export any services to Sri Lanka.

Comparison: In 2023,  Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B). That same year, United Arab Emirates ranked 54 in the Economic Complexity Index (ECI 0.15), and 21 in total exports ($357B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sri Lanka exported $338M to United Arab Emirates. The main products exported from Sri Lanka to United Arab Emirates were Tea ($39.8M), Precious Stones ($35.1M), and Refined Petroleum ($20.2M). During the last 5 years the exports of Sri Lanka to United Arab Emirates have increased at an annualized rate of 9.45%, from $215M in 2018 to $338M in 2023.

In 2018, United Arab Emirates exported $1.72B to Sri Lanka. The main products exported from United Arab Emirates to Sri Lanka were Crude Petroleum ($841M), Refined Petroleum ($435M), and Gold ($127M). During the last 5 years the exports of United Arab Emirates to Sri Lanka have increased at an annualized rate of 12.3%, from $963M in 2023 to $1.72B in 2018.

Exports from Sri Lanka (Flag) to United Arab Emirates (Flag) (2023)

Exports from United Arab Emirates (Flag) to Sri Lanka (Flag) (2023)

Latest Data

Trade between Sri Lanka (Flag) and United Arab Emirates (Flag)

Sri Lanka Exports

Date

United Arab Emirates Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$2.98B
United Arab Emirates
Top DestinationChina$40.2B

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

In 2023, countries that imported more from Sri Lanka than United Arab Emirates included Slovakia ($38.3M), Iceland ($5.83M), and Finland ($30.1M).

In 2023, countries that imported more from United Arab Emirates than Sri Lanka included China ($40.2B), India ($38.2B), and Japan ($37.4B).

Difference in imports from United Arab Emirates (Flag) and Sri Lanka (Flag) (2023)

Comparative Advantage Sri Lanka - United Arab Emirates

Flow
Scale

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

During 2023, Sri Lanka had a large net trade with United Arab Emirates in the exports of Textiles ($99.2M), Vegetable Products ($80.7M), and Precious Metals ($44.9M).

During 2018, United Arab Emirates had a large net trade with Sri Lanka in the exports of Mineral Products ($1.31B), Precious Metals ($172M), and Metals ($70.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka United Arab Emirates+$6.67MKnit T-shirts
Top Product Potential United Arab Emirates Sri Lanka+$60MRefined Petroleum

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 Sri Lanka and United Arab Emirates. This means that a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over United Arab Emirates. Similarly, a dot/product with the flag of United Arab Emirates indicates it has a comparative advantage over Sri Lanka.

Product Space of Sri Lanka (Flag) and United Arab Emirates (Flag) (2023)

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