2022
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GDP
$247BCURRENT US$
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2012-2022
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GDP GROWTH
40.3%CURRENT US$
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2022
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 GDP
$74.4BCURRENT US$
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2012-2022
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GDP GROWTH
5.62%CURRENT US$
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2022
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GDP PC 
$48,249CURRENT US$
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2012-2022
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GDP PC GROWTH
20.7%CURRENT US$
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GDP PC
$3,354CURRENT US$
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2012-2022
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0.074%CURRENT US$
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About

New Zealand-Sri Lanka Trade: In 2022, New Zealand exported $157M to Sri Lanka. The main products that New Zealand exported to Sri Lanka were Concentrated Milk ($144M), Cheese ($2.49M), and Semi chemical Woodpulp ($1.28M). Over the past 5 years the exports of New Zealand to Sri Lanka have decreased at an annualized rate of 11.4%, from $287M in 2017 to $157M in 2022.

In 2018, New Zealand exported services to Sri Lanka worth $155M, with Travel ($138M), Royalties and license fees ($11M), and Government services, n.i.e. ($4.83M) being the largest in terms of value.

Sri Lanka-New Zealand Trade: In 2022, Sri Lanka exported $38.5M to New Zealand. The main products that Sri Lanka exported to New Zealand were Tea ($7.58M), Used Rubber Tires ($1.83M), and Knit Gloves ($1.74M). Over the past 5 years the exports of Sri Lanka to New Zealand have increased at an annualized rate of 2.99%,  from $33.2M in 2017 to $38.5M in 2022.

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

Comparison: In 2022,  New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B). 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
Value

In 2022, New Zealand exported $157M to Sri Lanka. The main products exported from New Zealand to Sri Lanka were Concentrated Milk ($144M), Cheese ($2.49M), and Semi chemical Woodpulp ($1.28M). During the last 5 years the exports of New Zealand to Sri Lanka have decreased at an annualized rate of 11.4%, from $287M in 2017 to $157M in 2022.

In 2017, Sri Lanka exported $38.5M to New Zealand. The main products exported from Sri Lanka to New Zealand were Tea ($7.58M), Used Rubber Tires ($1.83M), and Knit Gloves ($1.74M). During the last 5 years the exports of Sri Lanka to New Zealand have increased at an annualized rate of 2.99%, from $33.2M in 2022 to $38.5M in 2017.

Exports from New Zealand (Flag) to Sri Lanka (Flag) (2022)

Exports from Sri Lanka (Flag) to New Zealand (Flag) (2022)

Latest Data

Trade between New Zealand (Flag) and Sri Lanka (Flag)

New Zealand Exports

Sri Lanka Exports

Date

Market Competitiveness

Color
New Zealand
Top Destination
China$13.1B
Sri Lanka
Top Destination
United States$3.52B

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

In 2022, countries that imported more from New Zealand than Sri Lanka included China ($13.1B), Australia ($5.35B), and Japan ($2.75B).

In 2022, countries that imported more from Sri Lanka than New Zealand included India ($1.12B), Italy ($662M), and Germany ($881M).

Difference in imports from Sri Lanka (Flag) and New Zealand (Flag) (2022)

Comparative Advantage New Zealand - Sri Lanka

Flow
Scale

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

During 2022, New Zealand had a large net trade with Sri Lanka in the exports of Animal Products ($148M), Paper Goods ($2.53M), and Machines ($1.98M).

During 2017, Sri Lanka had a large net trade with New Zealand in the exports of Textiles ($14.9M), Vegetable Products ($9.6M), and Plastics and Rubbers ($4.89M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential New Zealand Sri Lanka+$444kCheese
Top Product Potential Sri Lanka New Zealand+$1.25MNon-Knit Women's Suits

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 New Zealand and Sri Lanka. This means that a dot/product with the flag of New Zealand 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 New Zealand.

Product Space of New Zealand (Flag) and Sri Lanka (Flag) (2022)

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