Sri Lanka (LKA) and Brazil (BRA) Trade | The Observatory of Economic Complexity

About

Sri Lanka-Brazil Trade: In 2023, Sri Lanka exported $85.2M to Brazil. The main products that Sri Lanka exported to Brazil were Rubber Apparel ($16M), Rubber Tires ($13.6M), and Knit Gloves ($7.78M). Over the past 5 years the exports of Sri Lanka to Brazil have increased at an annualized rate of 7.01%, from $60.7M in 2018 to $85.2M in 2023.

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

Brazil-Sri Lanka Trade: In 2023, Brazil exported $43.6M to Sri Lanka. The main products that Brazil exported to Sri Lanka were Raw Sugar ($16M), Synthetic Rubber ($8.47M), and Packaged Medicaments ($2.94M). Over the past 5 years the exports of Brazil to Sri Lanka have increased at an annualized rate of 16.8%, from $20M in 2018 to $43.6M in 2023.

In 2023, Brazil 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, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Sri Lanka exported $85.2M to Brazil. The main products exported from Sri Lanka to Brazil were Rubber Apparel ($16M), Rubber Tires ($13.6M), and Knit Gloves ($7.78M). During the last 5 years the exports of Sri Lanka to Brazil have increased at an annualized rate of 7.01%, from $60.7M in 2018 to $85.2M in 2023.

In 2018, Brazil exported $43.6M to Sri Lanka. The main products exported from Brazil to Sri Lanka were Raw Sugar ($16M), Synthetic Rubber ($8.47M), and Packaged Medicaments ($2.94M). During the last 5 years the exports of Brazil to Sri Lanka have increased at an annualized rate of 16.8%, from $20M in 2023 to $43.6M in 2018.

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

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

Latest Data

Trade between Sri Lanka () and Brazil ()

Sri Lanka Exports

Date

Feb 2012

Jan 2012

undefined

Brazil Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sri Lanka
Top DestinationUnited States$2.98B

Brazil
Top DestinationChina$106B

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

In 2023, countries that imported more from Sri Lanka than Brazil included Maldives ($168M), Syria ($43.4M), and Fiji ($4.61M).

In 2023, countries that imported more from Brazil than Sri Lanka included China ($106B), United States ($37B), and Argentina ($17.2B).

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

Comparative Advantage Sri Lanka - Brazil

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Sri Lanka had a large net trade with Brazil in the exports of Textiles ($35.2M), Plastics and Rubbers ($34.6M), and Mineral Products ($5.26M).

During 2018, Brazil had a large net trade with Sri Lanka in the exports of Foodstuffs ($16.9M), Plastics and Rubbers ($8.87M), and Chemical Products ($3.98M).

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 Brazil+$5.68MRubber Tires

Top Product Potential Brazil Sri Lanka+$999kPackaged Medicaments

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Sri Lanka () and Brazil ()

Sri Lanka Exports

Brazil Exports

Market Competitiveness

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

Comparative Advantage Sri Lanka - Brazil

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring