Rwanda (RWA) and Sri Lanka (LKA) Trade | The Observatory of Economic Complexity

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Rwanda-Sri Lanka Trade: In 2023, Rwanda exported $1.96k to Sri Lanka. The main products that Rwanda exported to Sri Lanka were Integrated Circuits ($1.71k), Tea ($134), and Low-voltage Protection Equipment ($106). Over the past 5 years the exports of Rwanda to Sri Lanka have decreased at an annualized rate of 53.8%, from $93.4k in 2018 to $1.96k in 2023.

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

Sri Lanka-Rwanda Trade: In 2023, Sri Lanka exported $1.71M to Rwanda. The main products that Sri Lanka exported to Rwanda were Beer ($665k), Paper Containers ($492k), and Air Pumps ($159k). Over the past 5 years the exports of Sri Lanka to Rwanda have decreased at an annualized rate of 14.9%, from $3.83M in 2018 to $1.71M in 2023.

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

Comparison In 2023, Rwanda ranked 154 in total exports ($1.35B), and does not have data regarding Economic Complexity Index. That same year, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Rwanda exported $1.96k to Sri Lanka. The main products exported from Rwanda to Sri Lanka were Integrated Circuits ($1.71k), Tea ($134), and Low-voltage Protection Equipment ($106). During the last 5 years the exports of Rwanda to Sri Lanka have decreased at an annualized rate of 53.8%, from $93.4k in 2018 to $1.96k in 2023.

In 2018, Sri Lanka exported $1.71M to Rwanda. The main products exported from Sri Lanka to Rwanda were Beer ($665k), Paper Containers ($492k), and Air Pumps ($159k). During the last 5 years the exports of Sri Lanka to Rwanda have decreased at an annualized rate of 14.9%, from $3.83M in 2023 to $1.71M in 2018.

Exports from Rwanda () to Sri Lanka () (2023)

Exports from Sri Lanka () to Rwanda () (2023)

Latest Data

Trade between Rwanda () and Sri Lanka ()

Rwanda Exports

Date

Sri Lanka Exports

Date

Feb 2012

Jan 2012

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Rwanda
Top DestinationUnited Arab Emirates$895M

Sri Lanka
Top DestinationUnited States$2.98B

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

In 2023, countries that imported more from Rwanda than Sri Lanka included United Arab Emirates ($895M), Uganda ($11M), and Malawi ($983k).

In 2023, countries that imported more from Sri Lanka than Rwanda included United States ($2.98B), India ($991M), and Germany ($906M).

Difference in imports from Sri Lanka () and Rwanda () (2023)

Comparative Advantage Rwanda - Sri Lanka

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Rwanda had a large net trade with Sri Lanka in the exports of Machines ($1.82k), Vegetable Products ($134), and Paper Goods ($5).

During 2018, Sri Lanka had a large net trade with Rwanda in the exports of Foodstuffs ($665k), Paper Goods ($575k), and Machines ($389k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Rwanda Sri Lanka+$3.31kGold

Top Product Potential Sri Lanka Rwanda+$1.59kKnit 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

Year

This visualization shows the product space at the HS4 level with the flags of Rwanda and Sri Lanka. This means that a dot/product with the flag of Rwanda 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 Rwanda.

About

Historical Data

Bilateral Trade by Products

Exports from Rwanda () to Sri Lanka () (2023)

Exports from Sri Lanka () to Rwanda () (2023)

Latest Data

Trade between Rwanda () and Sri Lanka ()

Rwanda Exports

Sri Lanka Exports

Market Competitiveness

Difference in imports from Sri Lanka () and Rwanda () (2023)

Comparative Advantage Rwanda - Sri Lanka

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Rwanda () and Sri Lanka () (2023)

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