Sri Lanka (LKA) and Australia (AUS) Trade | The Observatory of Economic Complexity

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Sri Lanka-Australia Trade: In 2023, Sri Lanka exported $255M to Australia. The main products that Sri Lanka exported to Australia were Knit Gloves ($23M), Tea ($18.1M), and Knit T-shirts ($12.6M). Over the past 5 years the exports of Sri Lanka to Australia have increased at an annualized rate of 5.19%, from $198M in 2018 to $255M in 2023.

In 2023, Sri Lanka did not export any services to Australia.

Australia-Sri Lanka Trade: In 2023, Australia exported $190M to Sri Lanka. The main products that Australia exported to Sri Lanka were Dried Legumes ($136M), Oats ($5.33M), and Kraft Paper ($3.39M). Over the past 5 years the exports of Australia to Sri Lanka have increased at an annualized rate of 0.47%, from $186M in 2018 to $190M in 2023.

In 2023, Australia 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, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Sri Lanka exported $255M to Australia. The main products exported from Sri Lanka to Australia were Knit Gloves ($23M), Tea ($18.1M), and Knit T-shirts ($12.6M). During the last 5 years the exports of Sri Lanka to Australia have increased at an annualized rate of 5.19%, from $198M in 2018 to $255M in 2023.

In 2018, Australia exported $190M to Sri Lanka. The main products exported from Australia to Sri Lanka were Dried Legumes ($136M), Oats ($5.33M), and Kraft Paper ($3.39M). During the last 5 years the exports of Australia to Sri Lanka have increased at an annualized rate of 0.47%, from $186M in 2023 to $190M in 2018.

Exports from Sri Lanka () to Australia () (2023)

Exports from Australia () to Sri Lanka () (2023)

Latest Data

Trade between Sri Lanka () and Australia ()

Sri Lanka Exports

Date

Feb 2012

Jan 2012

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Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sri Lanka
Top DestinationUnited States$2.98B

Australia
Top DestinationChina$137B

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

In 2023, countries that imported more from Sri Lanka than Australia included Russia ($146M), Maldives ($168M), and Azerbaijan ($60.8M).

In 2023, countries that imported more from Australia than Sri Lanka included China ($137B), Japan ($59B), and South Korea ($20.9B).

Difference in imports from Australia () and Sri Lanka () (2023)

Comparative Advantage Sri Lanka - Australia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Sri Lanka had a large net trade with Australia in the exports of Textiles ($114M), Plastics and Rubbers ($29.3M), and Vegetable Products ($27.8M).

During 2018, Australia had a large net trade with Sri Lanka in the exports of Vegetable Products ($148M), Chemical Products ($8.48M), and Animal Products ($7.34M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Sri Lanka Australia+$8.05MNon-Knit Women's Suits

Top Product Potential Australia Sri Lanka+$6.75MWheat

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

Year

This visualization shows the product space at the HS4 level with the flags of Sri Lanka and Australia. This means that a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over Australia. Similarly, a dot/product with the flag of Australia indicates it has a comparative advantage over Sri Lanka.

About

Historical Data

Bilateral Trade by Products

Exports from Sri Lanka () to Australia () (2023)

Exports from Australia () to Sri Lanka () (2023)

Latest Data

Trade between Sri Lanka () and Australia ()

Sri Lanka Exports

Australia Exports

Market Competitiveness

Difference in imports from Australia () and Sri Lanka () (2023)

Comparative Advantage Sri Lanka - Australia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Sri Lanka () and Australia () (2023)

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