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Pricing

2022
Flag → Flag
Exports $3.15MRnk 118 / 194
2022
Flag → Flag
Top Product $818kOther Processed Fruits and Nuts
2022
Flag → Flag
Exports $2.22MRnk 33 / 94
2022
Flag → Flag
Top Product $2.2MCoconut Oil
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.53Rnk 125 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$30.6BCURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP GROWTH43.9%CURRENT US$
Rnk 78 / 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$3,020CURRENT US$
Rnk 133 / 186
2012-2022
Flag
GDP PC GROWTH13.8%CURRENT US$
Rnk 100 / 186

About

Sri Lanka-Papua New Guinea Trade: In 2022, Sri Lanka exported $3.15M to Papua New Guinea. The main products that Sri Lanka exported to Papua New Guinea were Other Processed Fruits and Nuts ($818k), Trailers and semi-trailers, not mechanically propelled vehicles ($735k), and Knit T-shirts ($322k). Over the past 6 years the exports of Sri Lanka to Papua New Guinea have increased at an annualized rate of 19.5%, from $1.08M in 2016 to $3.15M in 2022.

In 2022, Sri Lanka did not export any services to Papua New Guinea.

Papua New Guinea-Sri Lanka Trade: In 2022, Papua New Guinea exported $2.22M to Sri Lanka. The main products that Papua New Guinea exported to Sri Lanka were Coconut Oil ($2.2M), Sawn Wood ($23.5k), and Electric Generating Sets ($485). Over the past 6 years the exports of Papua New Guinea to Sri Lanka have increased at an annualized rate of 8.63%,  from $1.47M in 2016 to $2.22M in 2022.

In 2022, Papua New Guinea 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, Papua New Guinea ranked 125 in the Economic Complexity Index (ECI -1.53), and 87 in total exports ($15.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $3.15M to Papua New Guinea. The main products exported from Sri Lanka to Papua New Guinea were Other Processed Fruits and Nuts ($818k), Trailers and semi-trailers, not mechanically propelled vehicles ($735k), and Knit T-shirts ($322k). During the last 6 years the exports of Sri Lanka to Papua New Guinea have increased at an annualized rate of 19.5%, from $1.08M in 2016 to $3.15M in 2022.

In 2017, Papua New Guinea exported $2.22M to Sri Lanka. The main products exported from Papua New Guinea to Sri Lanka were Coconut Oil ($2.2M), Sawn Wood ($23.5k), and Electric Generating Sets ($485). During the last 5 years the exports of Papua New Guinea to Sri Lanka have increased at an annualized rate of 8.63%, from $1.47M in 2022 to $2.22M in 2017.

Exports from Sri Lanka (Flag) to Papua New Guinea (Flag) (2022)

Exports from Papua New Guinea (Flag) to Sri Lanka (Flag) (2022)

Latest Data

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

Sri Lanka Exports

Date

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Papua New Guinea
Top DestinationJapan$4.03B

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

In 2022, countries that imported more from Papua New Guinea than Sri Lanka included Japan ($4.03B), China ($3.44B), and Australia ($1.74B).

Difference in imports from Papua New Guinea (Flag) and Sri Lanka (Flag) (2022)

Comparative Advantage Sri Lanka - Papua New Guinea

Flow
Scale

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 2022, Sri Lanka had a large net trade with Papua New Guinea in the exports of Foodstuffs ($992k), Transportation ($774k), and Textiles ($758k).

During 2017, Papua New Guinea had a large net trade with Sri Lanka in the exports of Animal and Vegetable Bi-Products ($2.2M), Wood Products ($23.5k), and Machines ($499).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

Product Space of Sri Lanka (Flag) and Papua New Guinea (Flag) (2022)

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