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Pricing

2022
Flag → Flag
Exports $2.86MRnk 120 / 194
2022
Flag → Flag
Top Product $824kBlank Audio Media
2022
Flag → Flag
Exports $454kRnk 49 / 149
2022
Flag → Flag
Top Product $197kOrthopedic Appliances
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP GROWTH88.1%CURRENT US$
Rnk 21 / 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$1,337CURRENT US$
Rnk 160 / 186
2012-2022
Flag
GDP PC GROWTH68.3%CURRENT US$
Rnk 18 / 186

About

Sri Lanka-Nepal Trade: In 2022, Sri Lanka exported $2.86M to Nepal. The main products that Sri Lanka exported to Nepal were Blank Audio Media ($824k), Other Electrical Machinery ($728k), and Stearic Acid ($177k). Over the past 5 years the exports of Sri Lanka to Nepal have decreased at an annualized rate of 6.41%, from $3.99M in 2017 to $2.86M in 2022.

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

Nepal-Sri Lanka Trade: In 2022, Nepal exported $454k to Sri Lanka. The main products that Nepal exported to Sri Lanka were Orthopedic Appliances ($197k), Cold-Rolled Iron ($86k), and Optical Fibers and optical fibre bundles ($81.1k). Over the past 5 years the exports of Nepal to Sri Lanka have increased at an annualized rate of 12.9%,  from $194k in 2017 to $454k in 2022.

In 2022, Nepal 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, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $2.86M to Nepal. The main products exported from Sri Lanka to Nepal were Blank Audio Media ($824k), Other Electrical Machinery ($728k), and Stearic Acid ($177k). During the last 5 years the exports of Sri Lanka to Nepal have decreased at an annualized rate of 6.41%, from $3.99M in 2017 to $2.86M in 2022.

In 2017, Nepal exported $454k to Sri Lanka. The main products exported from Nepal to Sri Lanka were Orthopedic Appliances ($197k), Cold-Rolled Iron ($86k), and Optical Fibers and optical fibre bundles ($81.1k). During the last 5 years the exports of Nepal to Sri Lanka have increased at an annualized rate of 12.9%, from $194k in 2022 to $454k in 2017.

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

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

Latest Data

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

Sri Lanka Exports

Date

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Nepal
Top DestinationIndia$956M

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

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

In 2022, countries that imported more from Nepal than Sri Lanka included Central African Republic ($8.88M), Bhutan ($3.99M), and Laos ($24.2k).

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

Comparative Advantage Sri Lanka - Nepal

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Nepal in the exports of Machines ($1.9M), Animal and Vegetable Bi-Products ($200k), and Foodstuffs ($197k).

During 2017, Nepal had a large net trade with Sri Lanka in the exports of Instruments ($279k), Metals ($86k), and Machines ($46.9k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Nepal+$215kAnimal Food
Top Product Potential Nepal Sri Lanka+$70.5kTelephones

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

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

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