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Pricing

2022
Flag → Flag
Exports $4.05MRnk 109 / 194
2022
Flag → Flag
Top Product $2.53MCinnamon
2022
Flag → Flag
Exports $304Rnk 141 / 146
2022
Flag → Flag
Top Product $199Buckwheat
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.85Rnk 106 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH59%CURRENT US$
Rnk 41 / 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$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH37.5%CURRENT US$
Rnk 52 / 186

About

Sri Lanka-Bolivia Trade: In 2022, Sri Lanka exported $4.05M to Bolivia. The main products that Sri Lanka exported to Bolivia were Cinnamon ($2.53M), Embroidery ($601k), and Tea ($164k). Over the past 5 years the exports of Sri Lanka to Bolivia have decreased at an annualized rate of 9.97%, from $6.84M in 2017 to $4.05M in 2022.

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

Bolivia-Sri Lanka Trade: In 2022, Bolivia exported $304 to Sri Lanka. The main products that Bolivia exported to Sri Lanka were Buckwheat ($199), Perfume Plants ($84), and Fruit Juice ($13). Over the past 5 years the exports of Bolivia to Sri Lanka have increased at an annualized rate of 33.7%,  from $7 in 2017 to $304 in 2022.

In 2022, Bolivia 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, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $4.05M to Bolivia. The main products exported from Sri Lanka to Bolivia were Cinnamon ($2.53M), Embroidery ($601k), and Tea ($164k). During the last 5 years the exports of Sri Lanka to Bolivia have decreased at an annualized rate of 9.97%, from $6.84M in 2017 to $4.05M in 2022.

In 2017, Bolivia exported $304 to Sri Lanka. The main products exported from Bolivia to Sri Lanka were Buckwheat ($199), Perfume Plants ($84), and Fruit Juice ($13). During the last 5 years the exports of Bolivia to Sri Lanka have increased at an annualized rate of 33.7%, from $7 in 2022 to $304 in 2017.

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

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

Latest Data

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

Sri Lanka Exports

Date

Bolivia Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Bolivia
Top DestinationIndia$2.27B

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

In 2022, countries that imported more from Sri Lanka than Bolivia included United States ($3.52B), United Kingdom ($1.04B), and Germany ($881M).

In 2022, countries that imported more from Bolivia than Sri Lanka included Brazil ($1.89B), Argentina ($1.76B), and India ($2.27B).

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

Comparative Advantage Sri Lanka - Bolivia

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Bolivia in the exports of Vegetable Products ($2.76M), Textiles ($906k), and Plastics and Rubbers ($232k).

During 2017, Bolivia had a large net trade with Sri Lanka in the exports of Vegetable Products ($283), Foodstuffs ($13), and Paper Goods ($8).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Bolivia+$194kRubber Tires
Top Product Potential Bolivia Sri Lanka+$3.77kGold

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

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

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