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2022
Flag → Flag
Exports $88.1MRnk 31 / 194
2022
Flag → Flag
Top Product $11.7MRefined Petroleum
2022
Flag → Flag
Exports $867MRnk 37 / 218
2022
Flag → Flag
Top Product $451MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
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Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
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GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$406BCURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 102 / 186
2022
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GDP PC $3,354CURRENT US$
Rnk 130 / 186
2012-2022
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GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC$11,972CURRENT US$
Rnk 69 / 186
2012-2022
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GDP PC GROWTH12.9%CURRENT US$
Rnk 104 / 186

About

Sri Lanka-Malaysia Trade: In 2022, Sri Lanka exported $88.1M to Malaysia. The main products that Sri Lanka exported to Malaysia were Refined Petroleum ($11.7M), Wheat Flours ($8.42M), and Precious Stones ($4.19M). Over the past 5 years the exports of Sri Lanka to Malaysia have increased at an annualized rate of 5.98%, from $65.9M in 2017 to $88.1M in 2022.

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

Malaysia-Sri Lanka Trade: In 2022, Malaysia exported $867M to Sri Lanka. The main products that Malaysia exported to Sri Lanka were Refined Petroleum ($451M), Nitrogenous Fertilizers ($44M), and Palm Oil ($23.7M). Over the past 5 years the exports of Malaysia to Sri Lanka have increased at an annualized rate of 5.68%,  from $658M in 2017 to $867M in 2022.

In 2022, Malaysia 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, Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $88.1M to Malaysia. The main products exported from Sri Lanka to Malaysia were Refined Petroleum ($11.7M), Wheat Flours ($8.42M), and Precious Stones ($4.19M). During the last 5 years the exports of Sri Lanka to Malaysia have increased at an annualized rate of 5.98%, from $65.9M in 2017 to $88.1M in 2022.

In 2017, Malaysia exported $867M to Sri Lanka. The main products exported from Malaysia to Sri Lanka were Refined Petroleum ($451M), Nitrogenous Fertilizers ($44M), and Palm Oil ($23.7M). During the last 5 years the exports of Malaysia to Sri Lanka have increased at an annualized rate of 5.68%, from $658M in 2022 to $867M in 2017.

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

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

Latest Data

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

Sri Lanka Exports

Date

Malaysia Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Malaysia
Top DestinationSingapore$53.8B

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

In 2022, countries that imported more from Sri Lanka than Malaysia included Israel ($176M), Libya ($44.4M), and Azerbaijan ($76M).

In 2022, countries that imported more from Malaysia than Sri Lanka included Singapore ($53.8B), China ($48.5B), and United States ($44.2B).

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

Comparative Advantage Sri Lanka - Malaysia

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Malaysia in the exports of Textiles ($18.5M), Mineral Products ($15.3M), and Vegetable Products ($13.4M).

During 2017, Malaysia had a large net trade with Sri Lanka in the exports of Mineral Products ($473M), Chemical Products ($108M), and Animal and Vegetable Bi-Products ($65.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Malaysia+$3.3MKnit T-shirts
Top Product Potential Malaysia Sri Lanka+$56.6MRefined 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 Malaysia. This means that a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over Malaysia. Similarly, a dot/product with the flag of Malaysia indicates it has a comparative advantage over Sri Lanka.

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

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