Sri Lanka (LKA) and Georgia (GEO) Trade | The Observatory of Economic Complexity

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Sri Lanka-Georgia Trade: In 2022, Sri Lanka exported $5.52M to Georgia. The main products that Sri Lanka exported to Georgia were Tea ($2.16M), Activated Carbon ($1.75M), and Packaged Medicaments ($405k). Over the past 5 years the exports of Sri Lanka to Georgia have increased at an annualized rate of 23.1%, from $1.95M in 2017 to $5.52M in 2022.

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

Georgia-Sri Lanka In N/A, Georgia did not export any products to Sri Lanka.

In 2022, Georgia 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, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Sri Lanka exported $5.52M to Georgia. The main products exported from Sri Lanka to Georgia were Tea ($2.16M), Activated Carbon ($1.75M), and Packaged Medicaments ($405k). During the last 5 years the exports of Sri Lanka to Georgia have increased at an annualized rate of 23.1%, from $1.95M in 2017 to $5.52M in 2022.

Georgia does not register exports to Sri Lanka. The main products exported from Georgia to Sri Lanka were Silicone ($21.4k), Photocopiers ($17.9k), and Plastic Lids ($13.7k).

Exports from Sri Lanka () to Georgia () (2022)

Exports from Georgia () to Sri Lanka () (2022)

Latest Data

Trade between Sri Lanka () and Georgia ()

Sri Lanka Exports

Date

Feb 2012

Jan 2012

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Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sri Lanka
Top DestinationUnited States$3.52B

Georgia
Top DestinationChina$759M

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

In 2022, countries that imported more from Sri Lanka than Georgia included United States ($3.52B), United Kingdom ($1.04B), and India ($1.12B).

In 2022, countries that imported more from Georgia than Sri Lanka included Azerbaijan ($668M), Armenia ($571M), and Bulgaria ($502M).

Difference in imports from Georgia () and Sri Lanka () (2022)

Comparative Advantage Sri Lanka - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Sri Lanka had a large net trade with Georgia in the exports of Vegetable Products ($2.57M), Chemical Products ($2.16M), and Textiles ($279k).

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 Georgia+$2.05kRubber Tires

Top Product Potential Georgia Sri Lanka+$3.17kRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Sri Lanka () to Georgia () (2022)

Exports from Georgia () to Sri Lanka () (2022)

Latest Data

Trade between Sri Lanka () and Georgia ()

Sri Lanka Exports

Georgia Exports

Market Competitiveness

Difference in imports from Georgia () and Sri Lanka () (2022)

Comparative Advantage Sri Lanka - Georgia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Sri Lanka () and Georgia () (2022)

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