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2022
Flag → Flag
Exports $302MRnk 57 / 218
2022
Flag → Flag
Top Product $45.1MRubber
2022
Flag → Flag
Exports $77.9MRnk 35 / 194
2022
Flag → Flag
Top Product $39MPrecious Stones
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag  
GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 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 $6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186
2022
Flag
GDP PC$3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

Thailand-Sri Lanka Trade: In 2022, Thailand exported $302M to Sri Lanka. The main products that Thailand exported to Sri Lanka were Rubber ($45.1M), Light Rubberized Knitted Fabric ($20.4M), and Raw Sugar ($11.6M). Over the past 5 years the exports of Thailand to Sri Lanka have decreased at an annualized rate of 10.1%, from $513M in 2017 to $302M in 2022.

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

Sri Lanka-Thailand Trade: In 2022, Sri Lanka exported $77.9M to Thailand. The main products that Sri Lanka exported to Thailand were Precious Stones ($39M), Electrical Capacitors ($4.33M), and Wheat Flours ($3.78M). Over the past 5 years the exports of Sri Lanka to Thailand have increased at an annualized rate of 2.27%,  from $69.6M in 2017 to $77.9M in 2022.

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

Comparison: In 2022,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). 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, Thailand exported $302M to Sri Lanka. The main products exported from Thailand to Sri Lanka were Rubber ($45.1M), Light Rubberized Knitted Fabric ($20.4M), and Raw Sugar ($11.6M). During the last 5 years the exports of Thailand to Sri Lanka have decreased at an annualized rate of 10.1%, from $513M in 2017 to $302M in 2022.

In 2017, Sri Lanka exported $77.9M to Thailand. The main products exported from Sri Lanka to Thailand were Precious Stones ($39M), Electrical Capacitors ($4.33M), and Wheat Flours ($3.78M). During the last 5 years the exports of Sri Lanka to Thailand have increased at an annualized rate of 2.27%, from $69.6M in 2022 to $77.9M in 2017.

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

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

Latest Data

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

Thailand Exports

Sri Lanka Exports

Date

Market Competitiveness

Color
Thailand
Top DestinationUnited States$53.4B
Sri Lanka
Top DestinationUnited States$3.52B

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

In 2022, countries that imported more from Thailand than Sri Lanka included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

In 2022, countries that imported more from Sri Lanka than Thailand included Syria ($36M), Haiti ($29.5M), and Azerbaijan ($76M).

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

Comparative Advantage Thailand - Sri Lanka

Flow
Scale

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

During 2022, Thailand had a large net trade with Sri Lanka in the exports of Plastics and Rubbers ($81.3M), Textiles ($62.2M), and Foodstuffs ($30M).

During 2017, Sri Lanka had a large net trade with Thailand in the exports of Precious Metals ($40.8M), Textiles ($10M), and Machines ($8.73M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Sri Lanka+$11.8MRefined Petroleum
Top Product Potential Sri Lanka Thailand+$3.22MDiamonds

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

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

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