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Pricing

2022
Flag → Flag
Exports $14.7MRnk 67 / 194
2022
Flag → Flag
Top Product $3.2MKnit T-shirts
2022
Flag → Flag
Exports $36.6kRnk 123 / 153
2022
Flag → Flag
Top Product $22.4kElectric Generating Sets
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.17Rnk 56 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$76.5BCURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP GROWTH89.3%CURRENT US$
Rnk 19 / 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$17,358CURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP PC GROWTH61.2%CURRENT US$
Rnk 26 / 186

About

Sri Lanka-Panama Trade: In 2022, Sri Lanka exported $14.7M to Panama. The main products that Sri Lanka exported to Panama were Knit T-shirts ($3.2M), Non-Knit Men's Suits ($1.62M), and Knit Men's Undergarments ($1.46M). Over the past 5 years the exports of Sri Lanka to Panama have increased at an annualized rate of 2.8%, from $12.8M in 2017 to $14.7M in 2022.

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

Panama-Sri Lanka Trade: In 2022, Panama exported $36.6k to Sri Lanka. The main products that Panama exported to Sri Lanka were Electric Generating Sets ($22.4k), Buttons ($8.49k), and Electrical Control Boards ($4.32k). Over the past 5 years the exports of Panama to Sri Lanka have decreased at an annualized rate of 26.8%,  from $174k in 2017 to $36.6k in 2022.

In 2022, Panama 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, Panama ranked 56 in the Economic Complexity Index (ECI 0.17), and 119 in total exports ($6.62B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $14.7M to Panama. The main products exported from Sri Lanka to Panama were Knit T-shirts ($3.2M), Non-Knit Men's Suits ($1.62M), and Knit Men's Undergarments ($1.46M). During the last 5 years the exports of Sri Lanka to Panama have increased at an annualized rate of 2.8%, from $12.8M in 2017 to $14.7M in 2022.

In 2017, Panama exported $36.6k to Sri Lanka. The main products exported from Panama to Sri Lanka were Electric Generating Sets ($22.4k), Buttons ($8.49k), and Electrical Control Boards ($4.32k). During the last 5 years the exports of Panama to Sri Lanka have decreased at an annualized rate of 26.8%, from $174k in 2022 to $36.6k in 2017.

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

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

Latest Data

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

Sri Lanka Exports

Date

Panama Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Panama
Top DestinationChina$1.14B

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

In 2022, countries that imported more from Sri Lanka than Panama included United States ($3.52B), United Kingdom ($1.04B), and India ($1.12B).

In 2022, countries that imported more from Panama than Sri Lanka included China ($1.14B), Japan ($785M), and South Korea ($539M).

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

Comparative Advantage Sri Lanka - Panama

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Panama in the exports of Textiles ($12.9M), Plastics and Rubbers ($1.38M), and Vegetable Products ($228k).

During 2017, Panama had a large net trade with Sri Lanka in the exports of Machines ($26.9k), Miscellaneous ($8.49k), and Chemical Products ($1.12k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Panama+$123kNon-Knit Men's Suits
Top Product Potential Panama Sri Lanka+$3.13kRefined 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 Panama. This means that a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over Panama. Similarly, a dot/product with the flag of Panama indicates it has a comparative advantage over Sri Lanka.

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

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