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Pricing

2023
Flag → Flag
Exports $38.6MRnk 53 / 200
2023
Flag → Flag
Top Product $8.85MLight Rubberized Knitted Fabric
2023
Flag → Flag
Exports $189MRnk 66 / 142
2023
Flag → Flag
Top Product $23.4MNitrogenous Fertilizers
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
Flag  
GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
Flag
GDP GROWTH9.55%CURRENT US$
Rnk 157 / 195
2023
Flag
 GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
Flag
GDP GROWTH101%CURRENT US$
Rnk 13 / 195
2023
Flag
GDP PC $3,828CURRENT US$
Rnk 132 / 195
2013-2023
Flag
GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195
2023
Flag
GDP PC$4,282CURRENT US$
Rnk 128 / 196
2013-2023
Flag
GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 195

About

Sri Lanka-Vietnam Trade: In 2023, Sri Lanka exported $38.6M to Vietnam. The main products that Sri Lanka exported to Vietnam were Light Rubberized Knitted Fabric ($8.85M), Other Vegetable Residues ($3.31M), and Non-Retail Synthetic Filament Yarn ($3.3M). Over the past 5 years the exports of Sri Lanka to Vietnam have decreased at an annualized rate of 16.9%, from $97.5M in 2018 to $38.6M in 2023.

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

Vietnam-Sri Lanka Trade: In 2023, Vietnam exported $189M to Sri Lanka. The main products that Vietnam exported to Sri Lanka were Nitrogenous Fertilizers ($23.4M), Light Rubberized Knitted Fabric ($21.6M), and Rubber ($13.4M). Over the past 5 years the exports of Vietnam to Sri Lanka have decreased at an annualized rate of 1.53%,  from $204M in 2018 to $189M in 2023.

In 2023, Vietnam 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, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sri Lanka exported $38.6M to Vietnam. The main products exported from Sri Lanka to Vietnam were Light Rubberized Knitted Fabric ($8.85M), Other Vegetable Residues ($3.31M), and Non-Retail Synthetic Filament Yarn ($3.3M). During the last 5 years the exports of Sri Lanka to Vietnam have decreased at an annualized rate of 16.9%, from $97.5M in 2018 to $38.6M in 2023.

In 2018, Vietnam exported $189M to Sri Lanka. The main products exported from Vietnam to Sri Lanka were Nitrogenous Fertilizers ($23.4M), Light Rubberized Knitted Fabric ($21.6M), and Rubber ($13.4M). During the last 5 years the exports of Vietnam to Sri Lanka have decreased at an annualized rate of 1.53%, from $204M in 2023 to $189M in 2018.

Exports from Sri Lanka (Flag) to Vietnam (Flag) (2023)

Exports from Vietnam (Flag) to Sri Lanka (Flag) (2023)

Latest Data

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

Sri Lanka Exports

Date

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$2.98B
Vietnam
Top DestinationUnited States$118B

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

In 2023, countries that imported more from Sri Lanka than Vietnam included Bangladesh ($177M), Maldives ($168M), and Russia ($146M).

In 2023, countries that imported more from Vietnam than Sri Lanka included United States ($118B), China ($85.7B), and Japan ($25.1B).

Difference in imports from Vietnam (Flag) and Sri Lanka (Flag) (2023)

Comparative Advantage Sri Lanka - Vietnam

Flow
Scale

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

During 2023, Sri Lanka had a large net trade with Vietnam in the exports of Textiles ($19.1M), Foodstuffs ($5.02M), and Vegetable Products ($4.23M).

During 2018, Vietnam had a large net trade with Sri Lanka in the exports of Textiles ($83.3M), Chemical Products ($36M), and Plastics and Rubbers ($19.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Vietnam+$4.06MOther knitted or crocheted fabrics.
Top Product Potential Vietnam Sri Lanka+$12.8MTelephones

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

Product Space of Sri Lanka (Flag) and Vietnam (Flag) (2023)

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