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2022
Flag → Flag
Exports $125MRnk 24 / 194
2022
Flag → Flag
Top Product $55.9MTea
2022
Flag → Flag
Exports $167MRnk 113 / 219
2022
Flag → Flag
Top Product $62.6MWheat Flours
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 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$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Sri Lanka-Turkey Trade: In 2022, Sri Lanka exported $125M to Turkey. The main products that Sri Lanka exported to Turkey were Tea ($55.9M), Used Rubber Tires ($9.06M), and Knit Gloves ($6.69M). Over the past 5 years the exports of Sri Lanka to Turkey have decreased at an annualized rate of 8.91%, from $200M in 2017 to $125M in 2022.

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

Turkey-Sri Lanka Trade: In 2022, Turkey exported $167M to Sri Lanka. The main products that Turkey exported to Sri Lanka were Wheat Flours ($62.6M), Dried Legumes ($6.24M), and Non-Retail Synthetic Filament Yarn ($5.68M). Over the past 5 years the exports of Turkey to Sri Lanka have increased at an annualized rate of 11.9%,  from $95.3M in 2017 to $167M in 2022.

In 2022, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $125M to Turkey. The main products exported from Sri Lanka to Turkey were Tea ($55.9M), Used Rubber Tires ($9.06M), and Knit Gloves ($6.69M). During the last 5 years the exports of Sri Lanka to Turkey have decreased at an annualized rate of 8.91%, from $200M in 2017 to $125M in 2022.

In 2017, Turkey exported $167M to Sri Lanka. The main products exported from Turkey to Sri Lanka were Wheat Flours ($62.6M), Dried Legumes ($6.24M), and Non-Retail Synthetic Filament Yarn ($5.68M). During the last 5 years the exports of Turkey to Sri Lanka have increased at an annualized rate of 11.9%, from $95.3M in 2022 to $167M in 2017.

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

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

Latest Data

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

Sri Lanka Exports

Date

Turkey Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Turkey
Top DestinationGermany$21.9B

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

In 2022, countries that imported more from Sri Lanka than Turkey included Maldives ($128M), Fiji ($5.22M), and Eswatini ($1.85M).

In 2022, countries that imported more from Turkey than Sri Lanka included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

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

Comparative Advantage Sri Lanka - Turkey

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Turkey in the exports of Vegetable Products ($61.7M), Textiles ($30.7M), and Plastics and Rubbers ($18.8M).

During 2017, Turkey had a large net trade with Sri Lanka in the exports of Vegetable Products ($70.6M), Machines ($25.2M), and Textiles ($21.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Turkey+$3.39MKnit T-shirts
Top Product Potential Turkey Sri Lanka+$4.78MMotor vehicles; parts and accessories (8701 to 8705)

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

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

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