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2023
Flag → Flag
Exports $18.1MRnk 63 / 200
2023
Flag → Flag
Top Product $5.42MCinnamon
2023
Flag → Flag
Exports $1.31MRnk 128 / 183
2023
Flag → Flag
Top Product $797kTulles and Net Fabric
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.23Rnk 51 / 132
2023
Flag  
GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
Flag
GDP GROWTH9.55%CURRENT US$
Rnk 157 / 195
2023
Flag
 GDP$363BCURRENT US$
Rnk 42 / 195
2013-2023
Flag
GDP GROWTH-4.87%CURRENT US$
Rnk 176 / 195
2023
Flag
GDP PC $3,828CURRENT US$
Rnk 132 / 195
2013-2023
Flag
GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195
2023
Flag
GDP PC$6,947CURRENT US$
Rnk 104 / 196
2013-2023
Flag
GDP PC GROWTH-16.1%CURRENT US$
Rnk 173 / 195

About

Sri Lanka-Colombia Trade: In 2023, Sri Lanka exported $18.1M to Colombia. The main products that Sri Lanka exported to Colombia were Cinnamon ($5.42M), Knit Gloves ($1.36M), and Knit T-shirts ($1.27M). Over the past 5 years the exports of Sri Lanka to Colombia have decreased at an annualized rate of 2.8%, from $20.9M in 2018 to $18.1M in 2023.

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

Colombia-Sri Lanka Trade: In 2023, Colombia exported $1.31M to Sri Lanka. The main products that Colombia exported to Sri Lanka were Tulles and Net Fabric ($797k), Plastic Lids ($231k), and Light Rubberized Knitted Fabric ($71.6k). Over the past 5 years the exports of Colombia to Sri Lanka have increased at an annualized rate of 16.8%,  from $603k in 2018 to $1.31M in 2023.

In 2023, Colombia 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, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sri Lanka exported $18.1M to Colombia. The main products exported from Sri Lanka to Colombia were Cinnamon ($5.42M), Knit Gloves ($1.36M), and Knit T-shirts ($1.27M). During the last 5 years the exports of Sri Lanka to Colombia have decreased at an annualized rate of 2.8%, from $20.9M in 2018 to $18.1M in 2023.

In 2018, Colombia exported $1.31M to Sri Lanka. The main products exported from Colombia to Sri Lanka were Tulles and Net Fabric ($797k), Plastic Lids ($231k), and Light Rubberized Knitted Fabric ($71.6k). During the last 5 years the exports of Colombia to Sri Lanka have increased at an annualized rate of 16.8%, from $603k in 2023 to $1.31M in 2018.

Exports from Sri Lanka (Flag) to Colombia (Flag) (2023)

Exports from Colombia (Flag) to Sri Lanka (Flag) (2023)

Latest Data

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

Sri Lanka Exports

Date

Colombia Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$2.98B
Colombia
Top DestinationUnited States$14.8B

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

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

In 2023, countries that imported more from Colombia than Sri Lanka included United States ($14.8B), Panama ($4.66B), and China ($2.5B).

Difference in imports from Colombia (Flag) and Sri Lanka (Flag) (2023)

Comparative Advantage Sri Lanka - Colombia

Flow
Scale

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

During 2023, Sri Lanka had a large net trade with Colombia in the exports of Textiles ($7.88M), Vegetable Products ($5.67M), and Plastics and Rubbers ($2.85M).

During 2018, Colombia had a large net trade with Sri Lanka in the exports of Textiles ($899k), Plastics and Rubbers ($252k), and Chemical Products ($70.8k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Colombia+$1.21MRubber Tires
Top Product Potential Colombia Sri Lanka+$77.1kConfectionery Sugar

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

Product Space of Sri Lanka (Flag) and Colombia (Flag) (2023)

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