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2022
Flag → Flag
Exports $7.41MRnk 87 / 194
2022
Flag → Flag
Top Product $1.5MTea
2022
Flag → Flag
Exports $1.59MRnk 108 / 174
2022
Flag → Flag
Top Product $904kRolled Tobacco
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
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Economic Complexity (ECI) ECI 0.75Rnk 36 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
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GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
Flag
GDP GROWTH46.6%CURRENT US$
Rnk 71 / 186
2022
Flag
GDP PC $3,354CURRENT US$
Rnk 130 / 186
2012-2022
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GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC$9,394CURRENT US$
Rnk 80 / 186
2012-2022
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GDP PC GROWTH56.1%CURRENT US$
Rnk 32 / 186

About

Sri Lanka-Serbia Trade: In 2022, Sri Lanka exported $7.41M to Serbia. The main products that Sri Lanka exported to Serbia were Tea ($1.5M), Knit Women's Undergarments ($550k), and Rubber ($479k). Over the past 5 years the exports of Sri Lanka to Serbia have increased at an annualized rate of 24.6%, from $2.47M in 2017 to $7.41M in 2022.

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

Serbia-Sri Lanka Trade: In 2022, Serbia exported $1.59M to Sri Lanka. The main products that Serbia exported to Sri Lanka were Rolled Tobacco ($904k), Scrap Rubber ($96.7k), and Other Rubber Products ($93.9k). Over the past 5 years the exports of Serbia to Sri Lanka have decreased at an annualized rate of 9.28%,  from $3.14M in 2017 to $1.59M in 2022.

In 2009, Serbia exported services to Sri Lanka worth $12.7k, with Transportation ($5.53k), Other business services ($4.09k), and Personal, cultural, and recreational services ($1.15k) being the largest in terms of value.

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, Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $7.41M to Serbia. The main products exported from Sri Lanka to Serbia were Tea ($1.5M), Knit Women's Undergarments ($550k), and Rubber ($479k). During the last 5 years the exports of Sri Lanka to Serbia have increased at an annualized rate of 24.6%, from $2.47M in 2017 to $7.41M in 2022.

In 2017, Serbia exported $1.59M to Sri Lanka. The main products exported from Serbia to Sri Lanka were Rolled Tobacco ($904k), Scrap Rubber ($96.7k), and Other Rubber Products ($93.9k). During the last 5 years the exports of Serbia to Sri Lanka have decreased at an annualized rate of 9.28%, from $3.14M in 2022 to $1.59M in 2017.

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

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

Latest Data

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

Serbia Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Serbia
Top DestinationGermany$4B

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

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

In 2022, countries that imported more from Serbia than Sri Lanka included Germany ($4B), Bosnia and Herzegovina ($2.14B), and Hungary ($1.69B).

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

Comparative Advantage Sri Lanka - Serbia

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Serbia in the exports of Textiles ($3.46M), Vegetable Products ($1.58M), and Plastics and Rubbers ($979k).

During 2017, Serbia had a large net trade with Sri Lanka in the exports of Foodstuffs ($916k), Machines ($287k), and Plastics and Rubbers ($195k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Serbia+$1.02MKnit T-shirts
Top Product Potential Serbia Sri Lanka+$181kLow-voltage Protection Equipment

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

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

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