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2023
Flag → Flag
Exports $991MRnk 2 / 200
2023
Flag → Flag
Top Product $96.6MPlanes, Helicopters, and/or Spacecraft
2023
Flag → Flag
Exports $3.62BRnk 32 / 220
2023
Flag → Flag
Top Product $360MRaw Sugar
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag  
GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
Flag
GDP GROWTH9.55%CURRENT US$
Rnk 157 / 195
2023
Flag
 GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 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$2,481CURRENT US$
Rnk 148 / 196
2013-2023
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GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195

About

Sri Lanka-India Trade: In 2023, Sri Lanka exported $991M to India. The main products that Sri Lanka exported to India were Planes, Helicopters, and/or Spacecraft ($96.6M), Animal Food ($90.5M), and Pepper ($82.1M). Over the past 5 years the exports of Sri Lanka to India have decreased at an annualized rate of 5.63%, from $1.32B in 2018 to $991M in 2023.

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

India-Sri Lanka Trade: In 2023, India exported $3.62B to Sri Lanka. The main products that India exported to Sri Lanka were Raw Sugar ($360M), Packaged Medicaments ($277M), and Light Rubberized Knitted Fabric ($230M). Over the past 5 years the exports of India to Sri Lanka have decreased at an annualized rate of 4.93%,  from $4.67B in 2018 to $3.62B in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sri Lanka exported $991M to India. The main products exported from Sri Lanka to India were Planes, Helicopters, and/or Spacecraft ($96.6M), Animal Food ($90.5M), and Pepper ($82.1M). During the last 5 years the exports of Sri Lanka to India have decreased at an annualized rate of 5.63%, from $1.32B in 2018 to $991M in 2023.

In 2018, India exported $3.62B to Sri Lanka. The main products exported from India to Sri Lanka were Raw Sugar ($360M), Packaged Medicaments ($277M), and Light Rubberized Knitted Fabric ($230M). During the last 5 years the exports of India to Sri Lanka have decreased at an annualized rate of 4.93%, from $4.67B in 2023 to $3.62B in 2018.

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

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

Latest Data

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

Sri Lanka Exports

Date

India Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$2.98B
India
Top DestinationUnited States$85.5B

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 2023, countries that imported more from Sri Lanka than India included American Samoa ($702k), Niue ($1.33k), and Saint Helena ($260).

In 2023, countries that imported more from India than Sri Lanka included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

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

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 2023, Sri Lanka had a large net trade with India in the exports of Vegetable Products ($216M), Foodstuffs ($157M), and Textiles ($140M).

During 2018, India had a large net trade with Sri Lanka in the exports of Textiles ($678M), Chemical Products ($579M), and Transportation ($445M).

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) (2023)

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