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2022
Flag → Flag
Exports $66.5MRnk 41 / 194
2022
Flag → Flag
Top Product $13.5MTea
2022
Flag → Flag
Exports $18.3MRnk 64 / 156
2022
Flag → Flag
Top Product $13.7MEthylene Polymers
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH6.04%CURRENT US$
Rnk 152 / 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$43,233CURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP PC GROWTH-15.7%CURRENT US$
Rnk 166 / 186

About

Sri Lanka-Kuwait Trade: In 2022, Sri Lanka exported $66.5M to Kuwait. The main products that Sri Lanka exported to Kuwait were Tea ($13.5M), Knit T-shirts ($5.37M), and Knit Women's Suits ($4.71M). Over the past 5 years the exports of Sri Lanka to Kuwait have increased at an annualized rate of 8.04%, from $45.2M in 2017 to $66.5M in 2022.

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

Kuwait-Sri Lanka Trade: In 2022, Kuwait exported $18.3M to Sri Lanka. The main products that Kuwait exported to Sri Lanka were Ethylene Polymers ($13.7M), Sodium or Potassium Peroxides ($1.21M), and Organic Composite Solvents ($1.2M). Over the past 5 years the exports of Kuwait to Sri Lanka have decreased at an annualized rate of 2.37%,  from $20.6M in 2017 to $18.3M in 2022.

In 2022, Kuwait 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, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $66.5M to Kuwait. The main products exported from Sri Lanka to Kuwait were Tea ($13.5M), Knit T-shirts ($5.37M), and Knit Women's Suits ($4.71M). During the last 5 years the exports of Sri Lanka to Kuwait have increased at an annualized rate of 8.04%, from $45.2M in 2017 to $66.5M in 2022.

In 2017, Kuwait exported $18.3M to Sri Lanka. The main products exported from Kuwait to Sri Lanka were Ethylene Polymers ($13.7M), Sodium or Potassium Peroxides ($1.21M), and Organic Composite Solvents ($1.2M). During the last 5 years the exports of Kuwait to Sri Lanka have decreased at an annualized rate of 2.37%, from $20.6M in 2022 to $18.3M in 2017.

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

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

Latest Data

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

Sri Lanka Exports

Date

Kuwait Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Kuwait
Top DestinationChina$24.3B

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

In 2022, countries that imported more from Sri Lanka than Kuwait included United States ($3.52B), Germany ($881M), and Italy ($662M).

In 2022, countries that imported more from Kuwait than Sri Lanka included China ($24.3B), India ($15B), and South Korea ($10.8B).

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

Comparative Advantage Sri Lanka - Kuwait

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Kuwait in the exports of Textiles ($32.7M), Vegetable Products ($21.3M), and Foodstuffs ($5.21M).

During 2017, Kuwait had a large net trade with Sri Lanka in the exports of Plastics and Rubbers ($13.8M), Chemical Products ($3.38M), and Mineral Products ($389k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Kuwait+$2.52MKnit T-shirts
Top Product Potential Kuwait Sri Lanka+$144kLarge Construction Vehicles

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

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

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