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Pricing

2022
Flag → Flag
Exports $27.2kRnk 132 / 160
2022
Flag → Flag
Top Product $25.5kRolled Tobacco
2022
Flag → Flag
Exports $3.98MRnk 110 / 194
2022
Flag → Flag
Top Product $1MTea
2022
Flag
Economic Complexity (ECI) ECI -0.5Rnk 85 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag  
GDP$27.7BCURRENT US$
Rnk 108 / 186
2012-2022
Flag
GDP GROWTH56.8%CURRENT US$
Rnk 44 / 186
2022
Flag
 GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
GDP PC $1,599CURRENT US$
Rnk 154 / 186
2012-2022
Flag
GDP PC GROWTH19.8%CURRENT US$
Rnk 90 / 186
2022
Flag
GDP PC$3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

Senegal-Sri Lanka Trade: In 2022, Senegal exported $27.2k to Sri Lanka. The main products that Senegal exported to Sri Lanka were Rolled Tobacco ($25.5k), Electrical Transformers ($1.63k), and Broadcasting Equipment ($69). Over the past 6 years the exports of Senegal to Sri Lanka have decreased at an annualized rate of 40.6%, from $618k in 2016 to $27.2k in 2022.

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

Sri Lanka-Senegal Trade: In 2022, Sri Lanka exported $3.98M to Senegal. The main products that Sri Lanka exported to Senegal were Tea ($1M), Refined Petroleum ($900k), and Aluminium Cans ($538k). Over the past 6 years the exports of Sri Lanka to Senegal have decreased at an annualized rate of 6.22%,  from $5.85M in 2016 to $3.98M in 2022.

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

Comparison: In 2022,  Senegal ranked 85 in the Economic Complexity Index (ECI -0.5), and 120 in total exports ($6.2B). 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, Senegal exported $27.2k to Sri Lanka. The main products exported from Senegal to Sri Lanka were Rolled Tobacco ($25.5k), Electrical Transformers ($1.63k), and Broadcasting Equipment ($69). During the last 6 years the exports of Senegal to Sri Lanka have decreased at an annualized rate of 40.6%, from $618k in 2016 to $27.2k in 2022.

In 2017, Sri Lanka exported $3.98M to Senegal. The main products exported from Sri Lanka to Senegal were Tea ($1M), Refined Petroleum ($900k), and Aluminium Cans ($538k). During the last 5 years the exports of Sri Lanka to Senegal have decreased at an annualized rate of 6.22%, from $5.85M in 2022 to $3.98M in 2017.

Exports from Senegal (Flag) to Sri Lanka (Flag) (2022)

Exports from Sri Lanka (Flag) to Senegal (Flag) (2022)

Market Competitiveness

Color
Senegal
Top DestinationMali$1.13B
Sri Lanka
Top DestinationUnited States$3.52B

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

In 2022, countries that imported more from Senegal than Sri Lanka included Mali ($1.13B), Switzerland ($662M), and Cote d'Ivoire ($182M).

In 2022, countries that imported more from Sri Lanka than Senegal included United States ($3.52B), United Kingdom ($1.04B), and Germany ($881M).

Difference in imports from Sri Lanka (Flag) and Senegal (Flag) (2022)

Comparative Advantage Senegal - Sri Lanka

Flow
Scale

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

During 2022, Senegal had a large net trade with Sri Lanka in the exports of Foodstuffs ($25.5k) and Machines ($1.77k).

During 2017, Sri Lanka had a large net trade with Senegal in the exports of Vegetable Products ($1.01M), Mineral Products ($900k), and Textiles ($802k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Senegal Sri Lanka+$5.03kRefined Petroleum
Top Product Potential Sri Lanka Senegal+$99.1kRubber Tires

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

Product Space of Senegal (Flag) and Sri Lanka (Flag) (2022)

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