Sri Lanka (LKA) and Malaysia (MYS) Trade | The Observatory of Economic Complexity

About

Sri Lanka-Malaysia Trade: In 2023, Sri Lanka exported $90.5M to Malaysia. The main products that Sri Lanka exported to Malaysia were Wheat Flours ($8.81M), Raw Nickel ($8.4M), and Thermostats ($5.55M). Over the past 5 years the exports of Sri Lanka to Malaysia have increased at an annualized rate of 8.67%, from $59.7M in 2018 to $90.5M in 2023.

In 2023, Sri Lanka did not export any services to Malaysia.

Malaysia-Sri Lanka Trade: In 2023, Malaysia exported $747M to Sri Lanka. The main products that Malaysia exported to Sri Lanka were Refined Petroleum ($402M), Coconut Oil ($28.1M), and Petroleum Gas ($25.8M). Over the past 5 years the exports of Malaysia to Sri Lanka have increased at an annualized rate of 1.07%, from $708M in 2018 to $747M in 2023.

In 2023, Malaysia did not export any services to Sri Lanka.

Comparison: In 2023, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B). That same year, Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Sri Lanka exported $90.5M to Malaysia. The main products exported from Sri Lanka to Malaysia were Wheat Flours ($8.81M), Raw Nickel ($8.4M), and Thermostats ($5.55M). During the last 5 years the exports of Sri Lanka to Malaysia have increased at an annualized rate of 8.67%, from $59.7M in 2018 to $90.5M in 2023.

In 2018, Malaysia exported $747M to Sri Lanka. The main products exported from Malaysia to Sri Lanka were Refined Petroleum ($402M), Coconut Oil ($28.1M), and Petroleum Gas ($25.8M). During the last 5 years the exports of Malaysia to Sri Lanka have increased at an annualized rate of 1.07%, from $708M in 2023 to $747M in 2018.

Exports from Sri Lanka () to Malaysia () (2023)

Exports from Malaysia () to Sri Lanka () (2023)

Latest Data

Trade between Sri Lanka () and Malaysia ()

Sri Lanka Exports

Date

Feb 2012

Jan 2012

undefined

Malaysia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sri Lanka
Top DestinationUnited States$2.98B

Malaysia
Top DestinationChina$79.8B

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 2023, countries that imported more from Sri Lanka than Malaysia included Libya ($42.4M), Azerbaijan ($60.8M), and Syria ($43.4M).

In 2023, countries that imported more from Malaysia than Sri Lanka included China ($79.8B), Singapore ($47.3B), and United States ($44.9B).

Difference in imports from Malaysia () and Sri Lanka () (2023)

Comparative Advantage Sri Lanka - Malaysia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Sri Lanka had a large net trade with Malaysia in the exports of Textiles ($24M), Vegetable Products ($13.7M), and Metals ($12.4M).

During 2018, Malaysia had a large net trade with Sri Lanka in the exports of Mineral Products ($430M), Animal and Vegetable Bi-Products ($80.9M), and Chemical Products ($62.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Sri Lanka () to Malaysia () (2023)

Exports from Malaysia () to Sri Lanka () (2023)

Latest Data

Trade between Sri Lanka () and Malaysia ()

Sri Lanka Exports

Malaysia Exports

Market Competitiveness

Difference in imports from Malaysia () and Sri Lanka () (2023)

Comparative Advantage Sri Lanka - Malaysia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Sri Lanka () and Malaysia () (2023)

Keep Exploring