Sri Lanka (LKA) and Papua New Guinea (PNG) Trade | The Observatory of Economic Complexity

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Sri Lanka-Papua New Guinea Trade: In 2023, Sri Lanka exported $3.5M to Papua New Guinea. The main products that Sri Lanka exported to Papua New Guinea were Other Processed Fruits and Nuts ($707k), Other Edible Preparations ($463k), and Knit T-shirts ($349k). Over the past 6 years the exports of Sri Lanka to Papua New Guinea have increased at an annualized rate of 15%, from $1.51M in 2017 to $3.5M in 2023.

In 2023, Sri Lanka did not export any services to Papua New Guinea.

Papua New Guinea-Sri Lanka In N/A, Papua New Guinea did not export any products to Sri Lanka.

In 2023, Papua New Guinea 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, Papua New Guinea ranked 127 in the Economic Complexity Index (ECI -1.63), and 93 in total exports ($12.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Sri Lanka exported $3.5M to Papua New Guinea. The main products exported from Sri Lanka to Papua New Guinea were Other Processed Fruits and Nuts ($707k), Other Edible Preparations ($463k), and Knit T-shirts ($349k). During the last 6 years the exports of Sri Lanka to Papua New Guinea have increased at an annualized rate of 15%, from $1.51M in 2017 to $3.5M in 2023.

Papua New Guinea does not register exports to Sri Lanka. The main products exported from Papua New Guinea to Sri Lanka were Coconut Oil ($3.7M), Motor vehicles; parts and accessories (8701 to 8705) ($208), and Tea ($119).

Exports from Sri Lanka () to Papua New Guinea () (2023)

Exports from Papua New Guinea () to Sri Lanka () (2023)

Latest Data

Trade between Sri Lanka () and Papua New Guinea ()

Sri Lanka Exports

Date

Feb 2012

Jan 2012

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sri Lanka
Top DestinationUnited States$2.98B

Papua New Guinea
Top DestinationChina$3.55B

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

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

In 2023, countries that imported more from Papua New Guinea than Sri Lanka included China ($3.55B), Japan ($3.19B), and Australia ($2.07B).

Difference in imports from Papua New Guinea () and Sri Lanka () (2023)

Comparative Advantage Sri Lanka - Papua New Guinea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Sri Lanka had a large net trade with Papua New Guinea in the exports of Textiles ($1.25M), Foodstuffs ($1.25M), and Machines ($405k).

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 Papua New Guinea+$2kExcavation Machinery

Top Product Potential Papua New Guinea Sri Lanka+$4.42kRefined 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

Year

This visualization shows the product space at the HS4 level with the flags of Sri Lanka and Papua New Guinea. This means that a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over Papua New Guinea. Similarly, a dot/product with the flag of Papua New Guinea indicates it has a comparative advantage over Sri Lanka.

About

Historical Data

Bilateral Trade by Products

Exports from Sri Lanka () to Papua New Guinea () (2023)

Exports from Papua New Guinea () to Sri Lanka () (2023)

Latest Data

Trade between Sri Lanka () and Papua New Guinea ()

Sri Lanka Exports

Market Competitiveness

Difference in imports from Papua New Guinea () and Sri Lanka () (2023)

Comparative Advantage Sri Lanka - Papua New Guinea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Sri Lanka () and Papua New Guinea () (2023)

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