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2023
Flag → Flag
Exports $14.7MRnk 68 / 200
2023
Flag → Flag
Top Product $3.37MBran
2023
Flag → Flag
Exports $24.5MRnk 71 / 201
2023
Flag → Flag
Top Product $9.27MMalt Extract
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
Flag
GDP GROWTH9.55%CURRENT US$
Rnk 157 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
GDP PC $3,828CURRENT US$
Rnk 132 / 195
2013-2023
Flag
GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195
2023
Flag
GDP PC$3,805CURRENT US$
Rnk 133 / 196
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

Sri Lanka-Philippines Trade: In 2023, Sri Lanka exported $14.7M to Philippines. The main products that Sri Lanka exported to Philippines were Bran ($3.37M), Rubber Tires ($1.91M), and Documents of title (bonds etc) and unused stamps ($1.69M). Over the past 5 years the exports of Sri Lanka to Philippines have decreased at an annualized rate of 14.9%, from $32.9M in 2018 to $14.7M in 2023.

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

Philippines-Sri Lanka Trade: In 2023, Philippines exported $24.5M to Sri Lanka. The main products that Philippines exported to Sri Lanka were Malt Extract ($9.27M), Activated Carbon ($4.04M), and Coconut Oil ($1.49M). Over the past 5 years the exports of Philippines to Sri Lanka have decreased at an annualized rate of 8.54%,  from $38.3M in 2018 to $24.5M in 2023.

In 2023, Philippines 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, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sri Lanka exported $14.7M to Philippines. The main products exported from Sri Lanka to Philippines were Bran ($3.37M), Rubber Tires ($1.91M), and Documents of title (bonds etc) and unused stamps ($1.69M). During the last 5 years the exports of Sri Lanka to Philippines have decreased at an annualized rate of 14.9%, from $32.9M in 2018 to $14.7M in 2023.

In 2018, Philippines exported $24.5M to Sri Lanka. The main products exported from Philippines to Sri Lanka were Malt Extract ($9.27M), Activated Carbon ($4.04M), and Coconut Oil ($1.49M). During the last 5 years the exports of Philippines to Sri Lanka have decreased at an annualized rate of 8.54%, from $38.3M in 2023 to $24.5M in 2018.

Exports from Sri Lanka (Flag) to Philippines (Flag) (2023)

Exports from Philippines (Flag) to Sri Lanka (Flag) (2023)

Latest Data

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

Sri Lanka Exports

Date

Philippines Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$2.98B
Philippines
Top DestinationChina$19B

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

In 2023, countries that imported more from Sri Lanka than Philippines included Italy ($653M), Maldives ($168M), and Bangladesh ($177M).

In 2023, countries that imported more from Philippines than Sri Lanka included China ($19B), Hong Kong ($11.7B), and Japan ($11.4B).

Difference in imports from Philippines (Flag) and Sri Lanka (Flag) (2023)

Comparative Advantage Sri Lanka - Philippines

Flow
Scale

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

During 2023, Sri Lanka had a large net trade with Philippines in the exports of Foodstuffs ($4.18M), Textiles ($2.88M), and Plastics and Rubbers ($2.77M).

During 2018, Philippines had a large net trade with Sri Lanka in the exports of Foodstuffs ($10.5M), Chemical Products ($5.17M), and Machines ($3.51M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Philippines+$4.08kKnit Women's Suits
Top Product Potential Philippines Sri Lanka+$5.4kGold

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

Product Space of Sri Lanka (Flag) and Philippines (Flag) (2023)

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