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Pricing

2022
Flag → Flag
Exports $5.34MRnk 100 / 194
2022
Flag → Flag
Top Product $2.16MTea
2022
Flag → Flag
Exports $455kRnk 122 / 166
2022
Flag → Flag
Top Product $194kSoybeans
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 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$2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186

About

Sri Lanka-Nigeria Trade: In 2022, Sri Lanka exported $5.34M to Nigeria. The main products that Sri Lanka exported to Nigeria were Tea ($2.16M), Cereal Flours ($655k), and Used Rubber Tires ($508k). Over the past 5 years the exports of Sri Lanka to Nigeria have increased at an annualized rate of 2.39%, from $4.75M in 2017 to $5.34M in 2022.

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

Nigeria-Sri Lanka Trade: In 2022, Nigeria exported $455k to Sri Lanka. The main products that Nigeria exported to Sri Lanka were Soybeans ($194k), Soybean Meal ($165k), and Rolled Tobacco ($35k). Over the past 5 years the exports of Nigeria to Sri Lanka have decreased at an annualized rate of 28%,  from $2.35M in 2017 to $455k in 2022.

In 2022, Nigeria 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, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $5.34M to Nigeria. The main products exported from Sri Lanka to Nigeria were Tea ($2.16M), Cereal Flours ($655k), and Used Rubber Tires ($508k). During the last 5 years the exports of Sri Lanka to Nigeria have increased at an annualized rate of 2.39%, from $4.75M in 2017 to $5.34M in 2022.

In 2017, Nigeria exported $455k to Sri Lanka. The main products exported from Nigeria to Sri Lanka were Soybeans ($194k), Soybean Meal ($165k), and Rolled Tobacco ($35k). During the last 5 years the exports of Nigeria to Sri Lanka have decreased at an annualized rate of 28%, from $2.35M in 2022 to $455k in 2017.

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

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

Latest Data

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

Sri Lanka Exports

Date

Nigeria Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Nigeria
Top DestinationSpain$9.41B

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

In 2022, countries that imported more from Sri Lanka than Nigeria included Hong Kong ($199M), Iraq ($164M), and Russia ($146M).

In 2022, countries that imported more from Nigeria than Sri Lanka included Spain ($9.41B), India ($8.2B), and France ($4.95B).

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

Comparative Advantage Sri Lanka - Nigeria

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Nigeria in the exports of Vegetable Products ($3.23M), Plastics and Rubbers ($1.07M), and Textiles ($247k).

During 2017, Nigeria had a large net trade with Sri Lanka in the exports of Vegetable Products ($241k), Foodstuffs ($200k), and Precious Metals ($12.2k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Nigeria+$666kRubber Tires
Top Product Potential Nigeria Sri Lanka+$417kSoybean Meal

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

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

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