Sri Lanka (LKA) and Israel (ISR) Trade | The Observatory of Economic Complexity

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Sri Lanka-Israel Trade: In 2023, Sri Lanka exported $149M to Israel. The main products that Sri Lanka exported to Israel were Diamonds ($112M), Tea ($8.78M), and Non-fillet Fresh Fish ($6.57M). Over the past 5 years the exports of Sri Lanka to Israel have increased at an annualized rate of 8.89%, from $97.6M in 2018 to $149M in 2023.

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

Israel-Sri Lanka Trade: In 2023, Israel exported $103M to Sri Lanka. The main products that Israel exported to Sri Lanka were Diamonds ($83.9M), Non-Retail Synthetic Filament Yarn ($6.59M), and Fruit Juice ($1.46M). Over the past 5 years the exports of Israel to Sri Lanka have increased at an annualized rate of 6.94%, from $56.4M in 2018 to $103M in 2023.

In 2012, Israel exported services to Sri Lanka worth $6.74M, with Computer and information services ($6.74M) being the largest in terms of value.

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, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Sri Lanka exported $149M to Israel. The main products exported from Sri Lanka to Israel were Diamonds ($112M), Tea ($8.78M), and Non-fillet Fresh Fish ($6.57M). During the last 5 years the exports of Sri Lanka to Israel have increased at an annualized rate of 8.89%, from $97.6M in 2018 to $149M in 2023.

In 2018, Israel exported $103M to Sri Lanka. The main products exported from Israel to Sri Lanka were Diamonds ($83.9M), Non-Retail Synthetic Filament Yarn ($6.59M), and Fruit Juice ($1.46M). During the last 5 years the exports of Israel to Sri Lanka have increased at an annualized rate of 6.94%, from $56.4M in 2023 to $103M in 2018.

Exports from Sri Lanka () to Israel () (2023)

Exports from Israel () to Sri Lanka () (2023)

Latest Data

Trade between Sri Lanka () and Israel ()

Sri Lanka Exports

Date

Feb 2012

Jan 2012

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Israel Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sri Lanka
Top DestinationUnited States$2.98B

Israel
Top DestinationUnited States$20.3B

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

In 2023, countries that imported more from Sri Lanka than Israel included Bangladesh ($177M), Maldives ($168M), and Pakistan ($145M).

In 2023, countries that imported more from Israel than Sri Lanka included United States ($20.3B), China ($7.09B), and Ireland ($4.22B).

Difference in imports from Israel () and Sri Lanka () (2023)

Comparative Advantage Sri Lanka - Israel

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Sri Lanka had a large net trade with Israel in the exports of Precious Metals ($112M), Textiles ($12M), and Vegetable Products ($9.95M).

During 2018, Israel had a large net trade with Sri Lanka in the exports of Precious Metals ($84.1M), Textiles ($7.58M), and Machines ($3.49M).

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 Israel+$853kPrecious Stones

Top Product Potential Israel Sri Lanka+$667kIntegrated Circuits

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

About

Historical Data

Bilateral Trade by Products

Exports from Sri Lanka () to Israel () (2023)

Exports from Israel () to Sri Lanka () (2023)

Latest Data

Trade between Sri Lanka () and Israel ()

Sri Lanka Exports

Israel Exports

Market Competitiveness

Difference in imports from Israel () and Sri Lanka () (2023)

Comparative Advantage Sri Lanka - Israel

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Sri Lanka () and Israel () (2023)

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