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Pricing

2022
Flag → Flag
Exports $8.39kRnk 186 / 194
2022
Flag → Flag
Top Product $7.57kTulles and Net Fabric
2022
Flag → Flag
Exports $520kRnk 53 / 125
2022
Flag → Flag
Top Product $320kPotassic Fertilizers
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.79Rnk 100 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$15.7BCURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP GROWTH54.3%CURRENT US$
Rnk 52 / 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$2,088CURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 59 / 186

About

Sri Lanka-Laos Trade: In 2022, Sri Lanka exported $8.39k to Laos. The main products that Sri Lanka exported to Laos were Tulles and Net Fabric ($7.57k), Perfume Plants ($734), and Tea ($90). Over the past 6 years the exports of Sri Lanka to Laos have decreased at an annualized rate of 60.3%, from $2.14M in 2016 to $8.39k in 2022.

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

Laos-Sri Lanka Trade: In 2022, Laos exported $520k to Sri Lanka. The main products that Laos exported to Sri Lanka were Potassic Fertilizers ($320k), Kraft Paper ($200k), and Electrical Transformers ($126). Over the past 6 years the exports of Laos to Sri Lanka have increased at an annualized rate of 14.3%,  from $267k in 2016 to $520k in 2022.

In 2022, Laos 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, Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $8.39k to Laos. The main products exported from Sri Lanka to Laos were Tulles and Net Fabric ($7.57k), Perfume Plants ($734), and Tea ($90). During the last 6 years the exports of Sri Lanka to Laos have decreased at an annualized rate of 60.3%, from $2.14M in 2016 to $8.39k in 2022.

In 2017, Laos exported $520k to Sri Lanka. The main products exported from Laos to Sri Lanka were Potassic Fertilizers ($320k), Kraft Paper ($200k), and Electrical Transformers ($126). During the last 5 years the exports of Laos to Sri Lanka have increased at an annualized rate of 14.3%, from $267k in 2022 to $520k in 2017.

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

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

Latest Data

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

Laos Exports

Date

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Laos
Top DestinationThailand$3.29B

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

In 2022, countries that imported more from Sri Lanka than Laos included United States ($3.52B), India ($1.12B), and United Kingdom ($1.04B).

In 2022, countries that imported more from Laos than Sri Lanka included Thailand ($3.29B), China ($2.73B), and Vietnam ($978M).

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

Comparative Advantage Sri Lanka - Laos

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Laos in the exports of Textiles ($7.57k) and Vegetable Products ($824).

During 2017, Laos had a large net trade with Sri Lanka in the exports of Chemical Products ($320k), Paper Goods ($200k), and Textiles ($142).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Laos+$2.06kNon-Knit Women's Suits
Top Product Potential Laos Sri Lanka+$3.45kGold

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

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

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