Sri Lanka (LKA) and Nepal (NPL) Trade | The Observatory of Economic Complexity

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Sri Lanka-Nepal Trade: In 2023, Sri Lanka exported $1.04M to Nepal. The main products that Sri Lanka exported to Nepal were Glass Bottles ($197k), Animal Food ($161k), and Concentrated Milk ($102k). Over the past 5 years the exports of Sri Lanka to Nepal have decreased at an annualized rate of 15.7%, from $2.44M in 2018 to $1.04M in 2023.

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

Nepal-Sri Lanka Trade: In 2023, Nepal exported $94.2k to Sri Lanka. The main products that Nepal exported to Sri Lanka were Orthopedic Appliances ($70.4k), Essential Oils ($15.1k), and Tea ($5.43k). Over the past 5 years the exports of Nepal to Sri Lanka have increased at an annualized rate of 21%, from $36.3k in 2018 to $94.2k in 2023.

In 2023, Nepal 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, Nepal ranked 156 in total exports ($1.21B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Sri Lanka exported $1.04M to Nepal. The main products exported from Sri Lanka to Nepal were Glass Bottles ($197k), Animal Food ($161k), and Concentrated Milk ($102k). During the last 5 years the exports of Sri Lanka to Nepal have decreased at an annualized rate of 15.7%, from $2.44M in 2018 to $1.04M in 2023.

In 2018, Nepal exported $94.2k to Sri Lanka. The main products exported from Nepal to Sri Lanka were Orthopedic Appliances ($70.4k), Essential Oils ($15.1k), and Tea ($5.43k). During the last 5 years the exports of Nepal to Sri Lanka have increased at an annualized rate of 21%, from $36.3k in 2023 to $94.2k in 2018.

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

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

Latest Data

Trade between Sri Lanka () and Nepal ()

Sri Lanka Exports

Date

Feb 2012

Jan 2012

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sri Lanka
Top DestinationUnited States$2.98B

Nepal
Top DestinationIndia$811M

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 2023, countries that imported more from Sri Lanka than Nepal included United States ($2.98B), United Kingdom ($900M), and Germany ($906M).

In 2023, no countries were registered that imported more from Nepal than from Sri Lanka.

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

Comparative Advantage Sri Lanka - Nepal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Sri Lanka had a large net trade with Nepal in the exports of Stone And Glass ($197k), Animal Products ($187k), and Foodstuffs ($169k).

During 2018, Nepal had a large net trade with Sri Lanka in the exports of Instruments ($70.5k), Chemical Products ($15.5k), and Vegetable Products ($5.43k).

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 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

Year

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.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Sri Lanka () and Nepal ()

Sri Lanka Exports

Market Competitiveness

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

Comparative Advantage Sri Lanka - Nepal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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