Sri Lanka (LKA) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

About

Sri Lanka-Venezuela Trade: In 2022, Sri Lanka exported $966k to Venezuela. The main products that Sri Lanka exported to Venezuela were Packaged Medicaments ($294k), Rubber Tires ($162k), and Tea ($146k). Over the past 6 years the exports of Sri Lanka to Venezuela have decreased at an annualized rate of 37.6%, from $16.3M in 2016 to $966k in 2022.

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

Venezuela-Sri Lanka Trade: In 2022, Venezuela exported $83.4k to Sri Lanka. The main products that Venezuela exported to Sri Lanka were Other Coloring Matter ($55.9k), Plastic Lids ($10.5k), and Cleaning Products ($6.67k). Over the past 6 years the exports of Venezuela to Sri Lanka have increased at an annualized rate of 48.2%, from $11.6k in 2016 to $83.4k in 2022.

In 2022, Venezuela 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, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Sri Lanka exported $966k to Venezuela. The main products exported from Sri Lanka to Venezuela were Packaged Medicaments ($294k), Rubber Tires ($162k), and Tea ($146k). During the last 6 years the exports of Sri Lanka to Venezuela have decreased at an annualized rate of 37.6%, from $16.3M in 2016 to $966k in 2022.

In 2017, Venezuela exported $83.4k to Sri Lanka. The main products exported from Venezuela to Sri Lanka were Other Coloring Matter ($55.9k), Plastic Lids ($10.5k), and Cleaning Products ($6.67k). During the last 5 years the exports of Venezuela to Sri Lanka have increased at an annualized rate of 48.2%, from $11.6k in 2022 to $83.4k in 2017.

Exports from Sri Lanka () to Venezuela () (2022)

Exports from Venezuela () to Sri Lanka () (2022)

Latest Data

Trade between Sri Lanka () and Venezuela ()

Sri Lanka Exports

Date

Feb 2012

Jan 2012

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sri Lanka
Top DestinationUnited States$3.52B

Venezuela
Top DestinationChina$703M

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

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

In 2022, countries that imported more from Venezuela than Sri Lanka included Turkey ($597M), China ($703M), and Spain ($518M).

Difference in imports from Venezuela () and Sri Lanka () (2022)

Comparative Advantage Sri Lanka - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Sri Lanka had a large net trade with Venezuela in the exports of Textiles ($308k), Chemical Products ($294k), and Plastics and Rubbers ($189k).

During 2017, Venezuela had a large net trade with Sri Lanka in the exports of Chemical Products ($64.5k), Plastics and Rubbers ($10.6k), and Foodstuffs ($6.28k).

Potential Exports

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Sri Lanka () to Venezuela () (2022)

Exports from Venezuela () to Sri Lanka () (2022)

Latest Data

Trade between Sri Lanka () and Venezuela ()

Sri Lanka Exports

Market Competitiveness

Difference in imports from Venezuela () and Sri Lanka () (2022)

Comparative Advantage Sri Lanka - Venezuela

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Sri Lanka () and Venezuela () (2022)

Keep Exploring