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2023
Flag → Flag
Exports $54.3MRnk 41 / 200
2023
Flag → Flag
Top Product $15.9MLight Rubberized Knitted Fabric
2023
Flag → Flag
Exports $381MRnk 47 / 213
2023
Flag → Flag
Top Product $81.9MCoconut Oil
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag  
GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
Flag
GDP GROWTH9.55%CURRENT US$
Rnk 157 / 195
2023
Flag
 GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 75 / 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$4,876CURRENT US$
Rnk 123 / 196
2013-2023
Flag
GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195

About

Sri Lanka-Indonesia Trade: In 2023, Sri Lanka exported $54.3M to Indonesia. The main products that Sri Lanka exported to Indonesia were Light Rubberized Knitted Fabric ($15.9M), Tobacco Processing Machines ($2.84M), and Paper Containers ($2.16M). Over the past 5 years the exports of Sri Lanka to Indonesia have increased at an annualized rate of 4.81%, from $42.9M in 2018 to $54.3M in 2023.

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

Indonesia-Sri Lanka Trade: In 2023, Indonesia exported $381M to Sri Lanka. The main products that Indonesia exported to Sri Lanka were Coconut Oil ($81.9M), Refined Petroleum ($57.7M), and Raw Tobacco ($39.6M). Over the past 5 years the exports of Indonesia to Sri Lanka have increased at an annualized rate of 3.5%,  from $321M in 2018 to $381M in 2023.

In 2023, Indonesia 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, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sri Lanka exported $54.3M to Indonesia. The main products exported from Sri Lanka to Indonesia were Light Rubberized Knitted Fabric ($15.9M), Tobacco Processing Machines ($2.84M), and Paper Containers ($2.16M). During the last 5 years the exports of Sri Lanka to Indonesia have increased at an annualized rate of 4.81%, from $42.9M in 2018 to $54.3M in 2023.

In 2018, Indonesia exported $381M to Sri Lanka. The main products exported from Indonesia to Sri Lanka were Coconut Oil ($81.9M), Refined Petroleum ($57.7M), and Raw Tobacco ($39.6M). During the last 5 years the exports of Indonesia to Sri Lanka have increased at an annualized rate of 3.5%, from $321M in 2023 to $381M in 2018.

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

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

Latest Data

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

Sri Lanka Exports

Date

Indonesia Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$2.98B
Indonesia
Top DestinationChina$70.7B

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

In 2023, countries that imported more from Sri Lanka than Indonesia included Maldives ($168M), Syria ($43.4M), and Sierra Leone ($15.9M).

In 2023, countries that imported more from Indonesia than Sri Lanka included China ($70.7B), United States ($27.9B), and Japan ($23.7B).

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

Comparative Advantage Sri Lanka - Indonesia

Flow
Scale

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

During 2023, Sri Lanka had a large net trade with Indonesia in the exports of Textiles ($27.9M), Machines ($5.22M), and Paper Goods ($3.44M).

During 2018, Indonesia had a large net trade with Sri Lanka in the exports of Animal and Vegetable Bi-Products ($95.4M), Mineral Products ($79M), and Foodstuffs ($47.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Indonesia+$3.34MOther knitted or crocheted fabrics.
Top Product Potential Indonesia Sri Lanka+$22.9MCoal Briquettes

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

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

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