2022
Flag  
GDP
$74.4BCURRENT US$
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2012-2022
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GDP GROWTH
5.62%CURRENT US$
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2022
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 GDP
$1.67TCURRENT US$
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2012-2022
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GDP GROWTH
30.3%CURRENT US$
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2022
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GDP PC 
$3,354CURRENT US$
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2012-2022
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GDP PC GROWTH
0.074%CURRENT US$
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2022
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GDP PC
$32,255CURRENT US$
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2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
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About

Sri Lanka-South Korea Trade: In 2022, Sri Lanka exported $104M to South Korea. The main products that Sri Lanka exported to South Korea were Rubber Apparel ($8.51M), Non-Knit Women's Suits ($8.46M), and Coconut and Other Vegetable Fibers ($7.43M). Over the past 5 years the exports of Sri Lanka to South Korea have increased at an annualized rate of 7.02%, from $73.8M in 2017 to $104M in 2022.

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

South Korea-Sri Lanka In N/A, South Korea did not export any products to Sri Lanka.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $104M to South Korea. The main products exported from Sri Lanka to South Korea were Rubber Apparel ($8.51M), Non-Knit Women's Suits ($8.46M), and Coconut and Other Vegetable Fibers ($7.43M). During the last 5 years the exports of Sri Lanka to South Korea have increased at an annualized rate of 7.02%, from $73.8M in 2017 to $104M in 2022.

South Korea does not register exports to Sri Lanka. The main products exported from South Korea to Sri Lanka were Synthetic Rubber ($25.9M), Aluminium Plating ($17.2M), and Refined Petroleum ($15.8M).

Exports from Sri Lanka (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Sri Lanka (Flag) (2022)

Latest Data

Trade between Sri Lanka (Flag) and South Korea (Flag)

Sri Lanka Exports

Date

South Korea Exports

Market Competitiveness

Color
Sri Lanka
Top Destination
United States$3.52B
South Korea
Top Destination
China$150B

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

In 2022, countries that imported more from Sri Lanka than South Korea included Maldives ($128M), Syria ($36M), and Sierra Leone ($17M).

In 2022, countries that imported more from South Korea than Sri Lanka included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Sri Lanka (Flag) (2022)

Comparative Advantage Sri Lanka - South Korea

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with South Korea in the exports of Textiles ($48.6M), Plastics and Rubbers ($14M), and Vegetable Products ($7.19M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka South Korea+$10.1MNon-Knit Women's Suits
Top Product Potential South Korea Sri Lanka+$30.7MRefined Petroleum

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

Product Space of Sri Lanka (Flag) and South Korea (Flag) (2022)

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