Sri Lanka (LKA) and Turkmenistan (TKM) Trade | The Observatory of Economic Complexity

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Sri Lanka-Turkmenistan Trade: In 2023, Sri Lanka exported $3.04M to Turkmenistan. The main products that Sri Lanka exported to Turkmenistan were Coconut and Other Vegetable Fibers ($2.65M), Tea ($366k), and Other Vegetable Products ($21.4k). Over the past 6 years the exports of Sri Lanka to Turkmenistan have increased at an annualized rate of 52.9%, from $238k in 2017 to $3.04M in 2023.

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

Turkmenistan-Sri Lanka In N/A, Turkmenistan did not export any products to Sri Lanka.

In 2023, Turkmenistan 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, Turkmenistan ranked 96 in the Economic Complexity Index (ECI -0.69), and 87 in total exports ($15.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Sri Lanka exported $3.04M to Turkmenistan. The main products exported from Sri Lanka to Turkmenistan were Coconut and Other Vegetable Fibers ($2.65M), Tea ($366k), and Other Vegetable Products ($21.4k). During the last 6 years the exports of Sri Lanka to Turkmenistan have increased at an annualized rate of 52.9%, from $238k in 2017 to $3.04M in 2023.

Turkmenistan does not register exports to Sri Lanka. The main products exported from Turkmenistan to Sri Lanka were Tea ($10).

Exports from Sri Lanka () to Turkmenistan () (2023)

Exports from Turkmenistan () to Sri Lanka () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sri Lanka
Top DestinationUnited States$2.98B

Turkmenistan
Top DestinationChina$9.63B

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

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

In 2023, countries that imported more from Turkmenistan than Sri Lanka included China ($9.63B), Turkey ($1.66B), and Greece ($1.03B).

Difference in imports from Turkmenistan () and Sri Lanka () (2023)

Comparative Advantage Sri Lanka - Turkmenistan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Sri Lanka had a large net trade with Turkmenistan in the exports of Textiles ($2.65M), Vegetable Products ($387k), and Plastics and Rubbers ($2.25k).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Sri Lanka () to Turkmenistan () (2023)

Exports from Turkmenistan () to Sri Lanka () (2023)

Market Competitiveness

Difference in imports from Turkmenistan () and Sri Lanka () (2023)

Comparative Advantage Sri Lanka - Turkmenistan

Economic Complexity

Competitive Landscape

Product Space of Sri Lanka () and Turkmenistan () (2023)

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