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Pricing

2022
Flag → Flag
Exports $76MRnk 36 / 194
2022
Flag → Flag
Top Product $67.6MTea
2022
Flag → Flag
Exports $1.72kRnk 131 / 141
2022
Flag → Flag
Top Product $370Used Clothing
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 140 / 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$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186

About

Sri Lanka-Azerbaijan Trade: In 2022, Sri Lanka exported $76M to Azerbaijan. The main products that Sri Lanka exported to Azerbaijan were Tea ($67.6M), Coconut and Other Vegetable Fibers ($5.78M), and Scented Mixtures ($330k). Over the past 5 years the exports of Sri Lanka to Azerbaijan have increased at an annualized rate of 3.38%, from $64.4M in 2017 to $76M in 2022.

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

Azerbaijan-Sri Lanka Trade: In 2022, Azerbaijan exported $1.72k to Sri Lanka. The main products that Azerbaijan exported to Sri Lanka were Used Clothing ($370), Microphones and Headphones ($200), and Baby Carriages ($200). Over the past 5 years the exports of Azerbaijan to Sri Lanka have increased at an annualized rate of 82.1%,  from $86 in 2017 to $1.72k in 2022.

In 2022, Azerbaijan 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, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $76M to Azerbaijan. The main products exported from Sri Lanka to Azerbaijan were Tea ($67.6M), Coconut and Other Vegetable Fibers ($5.78M), and Scented Mixtures ($330k). During the last 5 years the exports of Sri Lanka to Azerbaijan have increased at an annualized rate of 3.38%, from $64.4M in 2017 to $76M in 2022.

In 2017, Azerbaijan exported $1.72k to Sri Lanka. The main products exported from Azerbaijan to Sri Lanka were Used Clothing ($370), Microphones and Headphones ($200), and Baby Carriages ($200). During the last 5 years the exports of Azerbaijan to Sri Lanka have increased at an annualized rate of 82.1%, from $86 in 2022 to $1.72k in 2017.

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

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

Latest Data

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

Sri Lanka Exports

Date

Azerbaijan Exports

Date

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Azerbaijan
Top DestinationItaly$18.3B

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

In 2022, countries that imported more from Sri Lanka than Azerbaijan included United States ($3.52B), United Kingdom ($1.04B), and Canada ($429M).

In 2022, countries that imported more from Azerbaijan than Sri Lanka included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

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

Comparative Advantage Sri Lanka - Azerbaijan

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Azerbaijan in the exports of Vegetable Products ($67.7M), Textiles ($7.19M), and Plastics and Rubbers ($586k).

During 2017, Azerbaijan had a large net trade with Sri Lanka in the exports of Textiles ($405), Machines ($398), and Transportation ($280).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Azerbaijan+$470kRubber Tires
Top Product Potential Azerbaijan Sri Lanka+$4.83kRefined 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 Azerbaijan. This means that a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Sri Lanka.

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

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