Marshall Islands (MHL) and Sri Lanka (LKA) Trade | The Observatory of Economic Complexity

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Marshall Islands-Sri Lanka Trade: In 2022, Marshall Islands exported $689k to Sri Lanka. The main products that Marshall Islands exported to Sri Lanka were Light Rubberized Knitted Fabric ($688k) and Synthetic Fabrics ($1k). Over the past 7 years the exports of Marshall Islands to Sri Lanka have increased at an annualized rate of 29.6%, from $112k in 2015 to $689k in 2022.

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

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

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

Comparison In 2022, Marshall Islands ranked 160 in total exports ($1.1B), and does not have data regarding Economic Complexity Index. That same year, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Marshall Islands exported $689k to Sri Lanka. The main products exported from Marshall Islands to Sri Lanka were Light Rubberized Knitted Fabric ($688k) and Synthetic Fabrics ($1k). During the last 7 years the exports of Marshall Islands to Sri Lanka have increased at an annualized rate of 29.6%, from $112k in 2015 to $689k in 2022.

Sri Lanka does not register exports to Marshall Islands. The main products exported from Sri Lanka to Marshall Islands were Thermostats ($73.2k), Insulated Wire ($6.75k), and Compasses ($2.35k).

Exports from Marshall Islands () to Sri Lanka () (2022)

Exports from Sri Lanka () to Marshall Islands () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Marshall Islands
Top DestinationGermany$327M

Sri Lanka
Top DestinationUnited States$3.52B

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

In 2022, countries that imported more from Marshall Islands than Sri Lanka included Denmark ($159M), Malta ($66.2M), and Tanzania ($41M).

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

Difference in imports from Sri Lanka () and Marshall Islands () (2022)

Comparative Advantage Marshall Islands - Sri Lanka

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Marshall Islands had a large net trade with Sri Lanka in the exports of Textiles ($689k).

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

About

Historical Data

Bilateral Trade by Products

Exports from Marshall Islands () to Sri Lanka () (2022)

Exports from Sri Lanka () to Marshall Islands () (2022)

Market Competitiveness

Difference in imports from Sri Lanka () and Marshall Islands () (2022)

Comparative Advantage Marshall Islands - Sri Lanka

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Marshall Islands () and Sri Lanka () (2022)

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