Tanzania (TZA) and Sri Lanka (LKA) Trade | The Observatory of Economic Complexity

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Tanzania-Sri Lanka Trade: In 2023, Tanzania exported $3.71M to Sri Lanka. The main products that Tanzania exported to Sri Lanka were Precious Stones ($3.39M), Gold ($307k), and Sowing Seeds ($3.73k). Over the past 5 years the exports of Tanzania to Sri Lanka have decreased at an annualized rate of 16.4%, from $9.08M in 2018 to $3.71M in 2023.

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

Sri Lanka-Tanzania Trade: In 2023, Sri Lanka exported $11.5M to Tanzania. The main products that Sri Lanka exported to Tanzania were Rubber Tires ($5.81M), Activated Carbon ($1M), and Ball Bearings ($768k). Over the past 5 years the exports of Sri Lanka to Tanzania have increased at an annualized rate of 16.1%, from $5.44M in 2018 to $11.5M in 2023.

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

Comparison: In 2023, Tanzania ranked 116 in the Economic Complexity Index (ECI -1.13), and 99 in total exports ($11.3B). 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, Tanzania exported $3.71M to Sri Lanka. The main products exported from Tanzania to Sri Lanka were Precious Stones ($3.39M), Gold ($307k), and Sowing Seeds ($3.73k). During the last 5 years the exports of Tanzania to Sri Lanka have decreased at an annualized rate of 16.4%, from $9.08M in 2018 to $3.71M in 2023.

In 2018, Sri Lanka exported $11.5M to Tanzania. The main products exported from Sri Lanka to Tanzania were Rubber Tires ($5.81M), Activated Carbon ($1M), and Ball Bearings ($768k). During the last 5 years the exports of Sri Lanka to Tanzania have increased at an annualized rate of 16.1%, from $5.44M in 2023 to $11.5M in 2018.

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

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

Latest Data

Trade between Tanzania () and Sri Lanka ()

Tanzania Exports

Date

Sri Lanka Exports

Date

Feb 2012

Jan 2012

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Tanzania
Top DestinationIndia$1.74B

Sri Lanka
Top DestinationUnited States$2.98B

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

In 2023, countries that imported more from Tanzania than Sri Lanka included Uganda ($1.35B), United Arab Emirates ($1.62B), and South Africa ($1.15B).

In 2023, countries that imported more from Sri Lanka than Tanzania included United States ($2.98B), United Kingdom ($900M), and Germany ($906M).

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

Comparative Advantage Tanzania - Sri Lanka

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Tanzania had a large net trade with Sri Lanka in the exports of Precious Metals ($3.7M), Vegetable Products ($5.36k), and Textiles ($3.02k).

During 2018, Sri Lanka had a large net trade with Tanzania in the exports of Plastics and Rubbers ($6.11M), Machines ($1.98M), and Transportation ($1.3M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Tanzania Sri Lanka+$2.44MGold

Top Product Potential Sri Lanka Tanzania+$1.09MRubber 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

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Tanzania () and Sri Lanka ()

Tanzania Exports

Sri Lanka Exports

Market Competitiveness

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

Comparative Advantage Tanzania - Sri Lanka

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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