Sri Lanka (LKA) and Chile (CHL) Trade | The Observatory of Economic Complexity

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Sri Lanka-Chile Trade: In 2023, Sri Lanka exported $43.5M to Chile. The main products that Sri Lanka exported to Chile were Tea ($27.2M), Cinnamon ($2.81M), and Knit T-shirts ($1.45M). Over the past 5 years the exports of Sri Lanka to Chile have decreased at an annualized rate of 4.67%, from $55.2M in 2018 to $43.5M in 2023.

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

Chile-Sri Lanka Trade: In 2023, Chile exported $11.5M to Sri Lanka. The main products that Chile exported to Sri Lanka were Processed Fish ($8.48M), Wine ($1.65M), and Kaolin Coated Paper ($486k). Over the past 5 years the exports of Chile to Sri Lanka have decreased at an annualized rate of 2.91%, from $13.3M in 2018 to $11.5M in 2023.

In 2023, Chile 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, Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Sri Lanka exported $43.5M to Chile. The main products exported from Sri Lanka to Chile were Tea ($27.2M), Cinnamon ($2.81M), and Knit T-shirts ($1.45M). During the last 5 years the exports of Sri Lanka to Chile have decreased at an annualized rate of 4.67%, from $55.2M in 2018 to $43.5M in 2023.

In 2018, Chile exported $11.5M to Sri Lanka. The main products exported from Chile to Sri Lanka were Processed Fish ($8.48M), Wine ($1.65M), and Kaolin Coated Paper ($486k). During the last 5 years the exports of Chile to Sri Lanka have decreased at an annualized rate of 2.91%, from $13.3M in 2023 to $11.5M in 2018.

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

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

Latest Data

Trade between Sri Lanka () and Chile ()

Sri Lanka Exports

Date

Feb 2012

Jan 2012

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Chile Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sri Lanka
Top DestinationUnited States$2.98B

Chile
Top DestinationChina$38.2B

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

In 2023, countries that imported more from Sri Lanka than Chile included United Kingdom ($900M), Maldives ($168M), and Bangladesh ($177M).

In 2023, countries that imported more from Chile than Sri Lanka included China ($38.2B), United States ($15.7B), and Japan ($7.1B).

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

Comparative Advantage Sri Lanka - Chile

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Sri Lanka had a large net trade with Chile in the exports of Vegetable Products ($30.9M), Textiles ($8.37M), and Plastics and Rubbers ($2.27M).

During 2018, Chile had a large net trade with Sri Lanka in the exports of Foodstuffs ($10.2M), Paper Goods ($632k), and Chemical Products ($498k).

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 Chile+$1.71MKnit T-shirts

Top Product Potential Chile Sri Lanka+$438kKaolin Coated Paper

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Sri Lanka () and Chile ()

Sri Lanka Exports

Chile Exports

Market Competitiveness

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

Comparative Advantage Sri Lanka - Chile

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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