Sri Lanka (LKA) and Chinese Taipei (TWN) Trade | The Observatory of Economic Complexity

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Sri Lanka-Chinese Taipei Trade: In 2022, Sri Lanka exported $71.2M to Chinese Taipei. The main products that Sri Lanka exported to Chinese Taipei were Tea ($22.3M), Other Oily Seeds ($5.04M), and Refined Copper ($4.49M). Over the past 5 years the exports of Sri Lanka to Chinese Taipei have increased at an annualized rate of 5.93%, from $53.4M in 2017 to $71.2M in 2022.

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

Chinese Taipei-Sri Lanka Trade: In 2022, Chinese Taipei exported $381M to Sri Lanka. The main products that Chinese Taipei exported to Sri Lanka were Light Rubberized Knitted Fabric ($130M), Synthetic Filament Yarn Woven Fabric ($27.2M), and Non-Retail Synthetic Filament Yarn ($22M). Over the past 5 years the exports of Chinese Taipei to Sri Lanka have decreased at an annualized rate of 5.79%, from $513M in 2017 to $381M in 2022.

In 2022, Chinese Taipei 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, Chinese Taipei ranked 3 in the Economic Complexity Index (ECI 1.94), and 11 in total exports ($542B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Sri Lanka exported $71.2M to Chinese Taipei. The main products exported from Sri Lanka to Chinese Taipei were Tea ($22.3M), Other Oily Seeds ($5.04M), and Refined Copper ($4.49M). During the last 5 years the exports of Sri Lanka to Chinese Taipei have increased at an annualized rate of 5.93%, from $53.4M in 2017 to $71.2M in 2022.

In 2017, Chinese Taipei exported $381M to Sri Lanka. The main products exported from Chinese Taipei to Sri Lanka were Light Rubberized Knitted Fabric ($130M), Synthetic Filament Yarn Woven Fabric ($27.2M), and Non-Retail Synthetic Filament Yarn ($22M). During the last 5 years the exports of Chinese Taipei to Sri Lanka have decreased at an annualized rate of 5.79%, from $513M in 2022 to $381M in 2017.

Exports from Sri Lanka () to Chinese Taipei () (2022)

Exports from Chinese Taipei () to Sri Lanka () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sri Lanka
Top DestinationUnited States$3.52B

Chinese Taipei
Top DestinationChina$121B

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

In 2022, countries that imported more from Sri Lanka than Chinese Taipei included Maldives ($128M), Azerbaijan ($76M), and Syria ($36M).

In 2022, countries that imported more from Chinese Taipei than Sri Lanka included China ($121B), United States ($82.6B), and Hong Kong ($65.8B).

Difference in imports from Chinese Taipei () and Sri Lanka () (2022)

Comparative Advantage Sri Lanka - Chinese Taipei

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Sri Lanka had a large net trade with Chinese Taipei in the exports of Vegetable Products ($27.7M), Textiles ($12.5M), and Animal Products ($9.43M).

During 2017, Chinese Taipei had a large net trade with Sri Lanka in the exports of Textiles ($219M), Plastics and Rubbers ($51.6M), and Machines ($36.4M).

Potential Exports

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

About

Historical Data

Bilateral Trade by Products

Exports from Sri Lanka () to Chinese Taipei () (2022)

Exports from Chinese Taipei () to Sri Lanka () (2022)

Market Competitiveness

Difference in imports from Chinese Taipei () and Sri Lanka () (2022)

Comparative Advantage Sri Lanka - Chinese Taipei

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Sri Lanka () and Chinese Taipei () (2022)

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