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Pricing

2022
Flag → Flag
Exports $1.12BRnk 2 / 194
2022
Flag → Flag
Top Product $132MCrude Petroleum
2022
Flag → Flag
Exports $6.59BRnk 22 / 217
2022
Flag → Flag
Top Product $2.38BRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 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$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186

About

Sri Lanka-India Trade: In 2022, Sri Lanka exported $1.12B to India. The main products that Sri Lanka exported to India were Crude Petroleum ($132M), Animal Food ($115M), and Pepper ($69.4M). Over the past 5 years the exports of Sri Lanka to India have increased at an annualized rate of 6.69%, from $807M in 2017 to $1.12B in 2022.

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

India-Sri Lanka Trade: In 2022, India exported $6.59B to Sri Lanka. The main products that India exported to Sri Lanka were Refined Petroleum ($2.38B), Special Purpose Ships ($574M), and Light Rubberized Knitted Fabric ($300M). Over the past 5 years the exports of India to Sri Lanka have increased at an annualized rate of 7.23%,  from $4.65B in 2017 to $6.59B in 2022.

In 2022, India 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, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $1.12B to India. The main products exported from Sri Lanka to India were Crude Petroleum ($132M), Animal Food ($115M), and Pepper ($69.4M). During the last 5 years the exports of Sri Lanka to India have increased at an annualized rate of 6.69%, from $807M in 2017 to $1.12B in 2022.

In 2017, India exported $6.59B to Sri Lanka. The main products exported from India to Sri Lanka were Refined Petroleum ($2.38B), Special Purpose Ships ($574M), and Light Rubberized Knitted Fabric ($300M). During the last 5 years the exports of India to Sri Lanka have increased at an annualized rate of 7.23%, from $4.65B in 2022 to $6.59B in 2017.

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

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

Latest Data

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

Sri Lanka Exports

Date

India Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
India
Top DestinationUnited States$82.9B

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

In 2022, countries that imported more from Sri Lanka than India included American Samoa ($622k) and Anguilla ($168k).

In 2022, countries that imported more from India than Sri Lanka included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

Comparative Advantage Sri Lanka - India

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with India in the exports of Mineral Products ($221M), Vegetable Products ($180M), and Foodstuffs ($171M).

During 2017, India had a large net trade with Sri Lanka in the exports of Mineral Products ($2.43B), Textiles ($878M), and Transportation ($820M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka India+$90MCrude Petroleum
Top Product Potential India Sri Lanka+$34.2MDiamonds

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

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

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