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2022
Flag → Flag
Exports $197MRnk 17 / 194
2022
Flag → Flag
Top Product $80MCinnamon
2022
Flag → Flag
Exports $7.74MRnk 116 / 156
2022
Flag → Flag
Top Product $1.05MMedical Instruments
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.08Rnk 25 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP GROWTH17.7%CURRENT US$
Rnk 127 / 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$11,091CURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP PC GROWTH6.89%CURRENT US$
Rnk 126 / 186

About

Sri Lanka-Mexico Trade: In 2022, Sri Lanka exported $197M to Mexico. The main products that Sri Lanka exported to Mexico were Cinnamon ($80M), Coconut and Other Vegetable Fibers ($19.6M), and Insulated Wire ($12.2M). Over the past 5 years the exports of Sri Lanka to Mexico have increased at an annualized rate of 1.93%, from $179M in 2017 to $197M in 2022.

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

Mexico-Sri Lanka Trade: In 2022, Mexico exported $7.74M to Sri Lanka. The main products that Mexico exported to Sri Lanka were Medical Instruments ($1.05M), Raw Lead ($963k), and Broadcasting Equipment ($698k). Over the past 5 years the exports of Mexico to Sri Lanka have decreased at an annualized rate of 17.7%,  from $20.5M in 2017 to $7.74M in 2022.

In 2022, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $197M to Mexico. The main products exported from Sri Lanka to Mexico were Cinnamon ($80M), Coconut and Other Vegetable Fibers ($19.6M), and Insulated Wire ($12.2M). During the last 5 years the exports of Sri Lanka to Mexico have increased at an annualized rate of 1.93%, from $179M in 2017 to $197M in 2022.

In 2017, Mexico exported $7.74M to Sri Lanka. The main products exported from Mexico to Sri Lanka were Medical Instruments ($1.05M), Raw Lead ($963k), and Broadcasting Equipment ($698k). During the last 5 years the exports of Mexico to Sri Lanka have decreased at an annualized rate of 17.7%, from $20.5M in 2022 to $7.74M in 2017.

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

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

Latest Data

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

Sri Lanka Exports

Date

Mexico Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Mexico
Top DestinationUnited States$421B

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

In 2022, countries that imported more from Sri Lanka than Mexico included Bangladesh ($225M), Iraq ($164M), and Russia ($146M).

In 2022, countries that imported more from Mexico than Sri Lanka included United States ($421B), Canada ($22.2B), and China ($12.7B).

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

Comparative Advantage Sri Lanka - Mexico

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Mexico in the exports of Vegetable Products ($84.3M), Textiles ($67.9M), and Machines ($17.4M).

During 2017, Mexico had a large net trade with Sri Lanka in the exports of Machines ($2.66M), Instruments ($1.22M), and Metals ($990k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Mexico+$6.69MRubber Tires
Top Product Potential Mexico Sri Lanka+$6.65kRefined 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 Mexico. This means that a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over Mexico. Similarly, a dot/product with the flag of Mexico indicates it has a comparative advantage over Sri Lanka.

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

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