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2022
Flag → Flag
Exports $253MRnk 14 / 194
2022
Flag → Flag
Top Product $35.9MPrecious Stones
2022
Flag → Flag
Exports $121MRnk 89 / 219
2022
Flag → Flag
Top Product $35.1MLow-voltage Protection Equipment
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.97Rnk 2 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$808BCURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP GROWTH17.7%CURRENT US$
Rnk 128 / 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$92,101CURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP PC GROWTH7.3%CURRENT US$
Rnk 125 / 186

About

Sri Lanka-Switzerland Trade: In 2022, Sri Lanka exported $253M to Switzerland. The main products that Sri Lanka exported to Switzerland were Precious Stones ($35.9M), Diamonds ($19.3M), and Electrical Control Boards ($17.8M). Over the past 5 years the exports of Sri Lanka to Switzerland have increased at an annualized rate of 8.94%, from $165M in 2017 to $253M in 2022.

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

Switzerland-Sri Lanka Trade: In 2022, Switzerland exported $121M to Sri Lanka. The main products that Switzerland exported to Sri Lanka were Low-voltage Protection Equipment ($35.1M), Diamonds ($13.3M), and Integrated Circuits ($10.7M). Over the past 5 years the exports of Switzerland to Sri Lanka have decreased at an annualized rate of 9.68%,  from $201M in 2017 to $121M in 2022.

In 2022, Switzerland 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, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $253M to Switzerland. The main products exported from Sri Lanka to Switzerland were Precious Stones ($35.9M), Diamonds ($19.3M), and Electrical Control Boards ($17.8M). During the last 5 years the exports of Sri Lanka to Switzerland have increased at an annualized rate of 8.94%, from $165M in 2017 to $253M in 2022.

In 2017, Switzerland exported $121M to Sri Lanka. The main products exported from Switzerland to Sri Lanka were Low-voltage Protection Equipment ($35.1M), Diamonds ($13.3M), and Integrated Circuits ($10.7M). During the last 5 years the exports of Switzerland to Sri Lanka have decreased at an annualized rate of 9.68%, from $201M in 2022 to $121M in 2017.

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

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

Latest Data

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

Sri Lanka Exports

Date

Switzerland Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Switzerland
Top DestinationUnited States$61.7B

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

In 2022, countries that imported more from Sri Lanka than Switzerland included Maldives ($128M), Bangladesh ($225M), and Haiti ($29.5M).

In 2022, countries that imported more from Switzerland than Sri Lanka included United States ($61.7B), Germany ($53.5B), and China ($44.1B).

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

Comparative Advantage Sri Lanka - Switzerland

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Switzerland in the exports of Textiles ($77.2M), Precious Metals ($57.9M), and Machines ($53.1M).

During 2017, Switzerland had a large net trade with Sri Lanka in the exports of Machines ($68.4M), Precious Metals ($18.8M), and Chemical Products ($13.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Switzerland+$6.25MNon-Knit Women's Suits
Top Product Potential Switzerland Sri Lanka+$6.64MPackaged 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.

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

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

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