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2022
Flag → Flag
Exports $268MRnk 13 / 194
2022
Flag → Flag
Top Product $38.8MTea
2022
Flag → Flag
Exports $245MRnk 85 / 211
2022
Flag → Flag
Top Product $29.3MSynthetic Rubber
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 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$33,815CURRENT US$
Rnk 32 / 186
2012-2022
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GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 186

About

Sri Lanka-Japan Trade: In 2022, Sri Lanka exported $268M to Japan. The main products that Sri Lanka exported to Japan were Tea ($38.8M), Bran ($22.1M), and Crustaceans ($19.5M). Over the past 5 years the exports of Sri Lanka to Japan have increased at an annualized rate of 2.23%, from $240M in 2017 to $268M in 2022.

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

Japan-Sri Lanka Trade: In 2022, Japan exported $245M to Sri Lanka. The main products that Japan exported to Sri Lanka were Synthetic Rubber ($29.3M), Large Construction Vehicles ($13.6M), and Synthetic Filament Yarn Woven Fabric ($10.7M). Over the past 5 years the exports of Japan to Sri Lanka have decreased at an annualized rate of 24.3%,  from $981M in 2017 to $245M in 2022.

In 2022, Japan 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $268M to Japan. The main products exported from Sri Lanka to Japan were Tea ($38.8M), Bran ($22.1M), and Crustaceans ($19.5M). During the last 5 years the exports of Sri Lanka to Japan have increased at an annualized rate of 2.23%, from $240M in 2017 to $268M in 2022.

In 2017, Japan exported $245M to Sri Lanka. The main products exported from Japan to Sri Lanka were Synthetic Rubber ($29.3M), Large Construction Vehicles ($13.6M), and Synthetic Filament Yarn Woven Fabric ($10.7M). During the last 5 years the exports of Japan to Sri Lanka have decreased at an annualized rate of 24.3%, from $981M in 2022 to $245M in 2017.

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

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

Latest Data

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

Sri Lanka Exports

Date

Japan Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Japan
Top DestinationUnited States$137B

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

In 2022, countries that imported more from Sri Lanka than Japan included Maldives ($128M), Iran ($86.1M), and Syria ($36M).

In 2022, countries that imported more from Japan than Sri Lanka included China ($135B), United States ($137B), and South Korea ($50.8B).

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

Comparative Advantage Sri Lanka - Japan

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Japan in the exports of Vegetable Products ($60.3M), Textiles ($56.4M), and Plastics and Rubbers ($30.9M).

During 2017, Japan had a large net trade with Sri Lanka in the exports of Machines ($68.5M), Plastics and Rubbers ($47.1M), and Textiles ($32M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Japan+$8.26MNon-Knit Women's Suits
Top Product Potential Japan Sri Lanka+$8.77MMotor vehicles; parts and accessories (8701 to 8705)

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

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

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