Sri Lanka (LKA) and Maldives (MDV) Trade | The Observatory of Economic Complexity

About

Sri Lanka-Maldives Trade: In 2022, Sri Lanka exported $128M to Maldives. The main products that Sri Lanka exported to Maldives were Insulated Wire ($14.6M), Raw Iron Bars ($6.37M), and Other Vegetables ($5.67M). Over the past 5 years the exports of Sri Lanka to Maldives have decreased at an annualized rate of 2.78%, from $147M in 2017 to $128M in 2022.

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

Maldives-Sri Lanka Trade: In 2022, Maldives exported $2.74M to Sri Lanka. The main products that Maldives exported to Sri Lanka were Fish: dried, salted, smoked or in brine ($1.46M), Live Fish ($315k), and Iron Structures ($282k). Over the past 5 years the exports of Maldives to Sri Lanka have decreased at an annualized rate of 55.2%, from $152M in 2017 to $2.74M in 2022.

In 2022, Maldives 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, Maldives ranked 166 in total exports ($689M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Sri Lanka exported $128M to Maldives. The main products exported from Sri Lanka to Maldives were Insulated Wire ($14.6M), Raw Iron Bars ($6.37M), and Other Vegetables ($5.67M). During the last 5 years the exports of Sri Lanka to Maldives have decreased at an annualized rate of 2.78%, from $147M in 2017 to $128M in 2022.

In 2017, Maldives exported $2.74M to Sri Lanka. The main products exported from Maldives to Sri Lanka were Fish: dried, salted, smoked or in brine ($1.46M), Live Fish ($315k), and Iron Structures ($282k). During the last 5 years the exports of Maldives to Sri Lanka have decreased at an annualized rate of 55.2%, from $152M in 2022 to $2.74M in 2017.

Exports from Sri Lanka () to Maldives () (2022)

Exports from Maldives () to Sri Lanka () (2022)

Latest Data

Trade between Sri Lanka () and Maldives ()

Sri Lanka Exports

Date

Feb 2012

Jan 2012

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Maldives Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sri Lanka
Top DestinationUnited States$3.52B

Maldives
Top DestinationIndia$488M

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

In 2022, countries that imported more from Sri Lanka than Maldives included United States ($3.52B), United Kingdom ($1.04B), and Germany ($881M).

In 2022, countries that imported more from Maldives than Sri Lanka included Thailand ($79.4M) and Namibia ($1.15M).

Difference in imports from Maldives () and Sri Lanka () (2022)

Comparative Advantage Sri Lanka - Maldives

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Sri Lanka had a large net trade with Maldives in the exports of Vegetable Products ($25.2M), Machines ($23.6M), and Foodstuffs ($18M).

During 2017, Maldives had a large net trade with Sri Lanka in the exports of Animal Products ($2.06M), Metals ($370k), and Foodstuffs ($137k).

Potential Exports

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

About

Historical Data

Bilateral Trade by Products

Exports from Sri Lanka () to Maldives () (2022)

Exports from Maldives () to Sri Lanka () (2022)

Latest Data

Trade between Sri Lanka () and Maldives ()

Sri Lanka Exports

Maldives Exports

Market Competitiveness

Difference in imports from Maldives () and Sri Lanka () (2022)

Comparative Advantage Sri Lanka - Maldives

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Sri Lanka () and Maldives () (2022)

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