Sri Lanka (LKA) and Japan (JPN) Trade | The Observatory of Economic Complexity

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Sri Lanka-Japan Trade: In 2023, Sri Lanka exported $253M to Japan. The main products that Sri Lanka exported to Japan were Tea ($38.5M), Bran ($29M), and Rubber Apparel ($12.6M). Over the past 5 years the exports of Sri Lanka to Japan have decreased at an annualized rate of 1.31%, from $270M in 2018 to $253M in 2023.

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

Japan-Sri Lanka Trade: In 2023, Japan exported $192M to Sri Lanka. The main products that Japan exported to Sri Lanka were Synthetic Rubber ($14M), Medical Instruments ($10M), and Light Rubberized Knitted Fabric ($8.89M). Over the past 5 years the exports of Japan to Sri Lanka have decreased at an annualized rate of 30.6%, from $1.19B in 2018 to $192M in 2023.

In 2023, Japan 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Sri Lanka exported $253M to Japan. The main products exported from Sri Lanka to Japan were Tea ($38.5M), Bran ($29M), and Rubber Apparel ($12.6M). During the last 5 years the exports of Sri Lanka to Japan have decreased at an annualized rate of 1.31%, from $270M in 2018 to $253M in 2023.

In 2018, Japan exported $192M to Sri Lanka. The main products exported from Japan to Sri Lanka were Synthetic Rubber ($14M), Medical Instruments ($10M), and Light Rubberized Knitted Fabric ($8.89M). During the last 5 years the exports of Japan to Sri Lanka have decreased at an annualized rate of 30.6%, from $1.19B in 2023 to $192M in 2018.

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

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

Latest Data

Trade between Sri Lanka () and Japan ()

Sri Lanka Exports

Date

Feb 2012

Jan 2012

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Japan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sri Lanka
Top DestinationUnited States$2.98B

Japan
Top DestinationUnited States$143B

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 2023, countries that imported more from Sri Lanka than Japan included Maldives ($168M), Syria ($43.4M), and Guinea ($19.5M).

In 2023, countries that imported more from Japan than Sri Lanka included United States ($143B), China ($138B), and Chinese Taipei ($43B).

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

Comparative Advantage Sri Lanka - Japan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Sri Lanka had a large net trade with Japan in the exports of Vegetable Products ($59.4M), Textiles ($50.8M), and Foodstuffs ($37.5M).

During 2018, Japan had a large net trade with Sri Lanka in the exports of Machines ($53.2M), Plastics and Rubbers ($31.4M), and Textiles ($24.7M).

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 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

Year

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.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Sri Lanka () and Japan ()

Sri Lanka Exports

Japan Exports

Market Competitiveness

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

Comparative Advantage Sri Lanka - Japan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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