Sri Lanka (LKA) and Bangladesh (BGD) Trade | The Observatory of Economic Complexity

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Sri Lanka-Bangladesh Trade: In 2023, Sri Lanka exported $177M to Bangladesh. The main products that Sri Lanka exported to Bangladesh were Audio Alarms ($34.7M), Refined Petroleum ($25.7M), and Light Rubberized Knitted Fabric ($24.9M). Over the past 6 years the exports of Sri Lanka to Bangladesh have increased at an annualized rate of 5.95%, from $125M in 2017 to $177M in 2023.

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

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

In 2023, Bangladesh 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, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Sri Lanka exported $177M to Bangladesh. The main products exported from Sri Lanka to Bangladesh were Audio Alarms ($34.7M), Refined Petroleum ($25.7M), and Light Rubberized Knitted Fabric ($24.9M). During the last 6 years the exports of Sri Lanka to Bangladesh have increased at an annualized rate of 5.95%, from $125M in 2017 to $177M in 2023.

Bangladesh does not register exports to Sri Lanka. The main products exported from Bangladesh to Sri Lanka were Packaged Medicaments ($25.8M), Knit Women's Undergarments ($12.5M), and Knit T-shirts ($3.69M).

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

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

Latest Data

Trade between Sri Lanka () and Bangladesh ()

Sri Lanka Exports

Date

Feb 2012

Jan 2012

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sri Lanka
Top DestinationUnited States$2.98B

Bangladesh
Top DestinationUnited States$8.58B

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

In 2023, countries that imported more from Sri Lanka than Bangladesh included Maldives ($168M), Russia ($146M), and Iraq ($131M).

In 2023, countries that imported more from Bangladesh than Sri Lanka included Germany ($8.28B), United States ($8.58B), and Spain ($3.95B).

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

Comparative Advantage Sri Lanka - Bangladesh

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Sri Lanka had a large net trade with Bangladesh in the exports of Textiles ($46.6M), Machines ($37.5M), and Mineral Products ($25.7M).

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 Bangladesh+$3.53kOther Women's Undergarments

Top Product Potential Bangladesh Sri Lanka+$3.86kNon-Knit Men'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.

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Sri Lanka () and Bangladesh ()

Sri Lanka Exports

Market Competitiveness

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

Comparative Advantage Sri Lanka - Bangladesh

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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