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2022
Flag → Flag
Exports $3.68MRnk 113 / 194
2022
Flag → Flag
Top Product $615kOther Vegetable Products
2022
Flag → Flag
Exports $2.41BRnk 117 / 129
2022
Flag → Flag
Top Product $2.3kComputers
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC $3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

Sri Lanka-Armenia Trade: In 2022, Sri Lanka exported $3.68M to Armenia. The main products that Sri Lanka exported to Armenia were Other Vegetable Products ($615k), Coconut and Other Vegetable Fibers ($461k), and Tea ($387k). Over the past 5 years the exports of Sri Lanka to Armenia have increased at an annualized rate of 21.1%, from $1.41M in 2017 to $3.68M in 2022.

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

Armenia-Sri Lanka In N/A, Armenia did not export any products to Sri Lanka.

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

Comparison: In 2022,  Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $3.68M to Armenia. The main products exported from Sri Lanka to Armenia were Other Vegetable Products ($615k), Coconut and Other Vegetable Fibers ($461k), and Tea ($387k). During the last 5 years the exports of Sri Lanka to Armenia have increased at an annualized rate of 21.1%, from $1.41M in 2017 to $3.68M in 2022.

Armenia does not register exports to Sri Lanka. The main products exported from Armenia to Sri Lanka were Computers ($2.3k), Tea ($31), and Interior Decorative Glassware ($24).

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

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

Latest Data

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

Sri Lanka Exports

Date

Armenia Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Armenia
Top DestinationRussia$2.36B

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

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

In 2022, countries that imported more from Armenia than Sri Lanka included Russia ($2.36B), Georgia ($260M), and Bulgaria ($210M).

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

Comparative Advantage Sri Lanka - Armenia

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Armenia in the exports of Textiles ($2.2M), Vegetable Products ($1.01M), and Plastics and Rubbers ($139k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Armenia+$225kNon-Knit Men's Suits
Top Product Potential Armenia Sri Lanka+$16.8kComputers

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

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

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