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2022
Flag → Flag
Exports $83.4kRnk 92 / 126
2022
Flag → Flag
Top Product $55.9kOther Coloring Matter
2022
Flag → Flag
Exports $966kRnk 141 / 194
2022
Flag → Flag
Top Product $294kPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
 GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
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GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
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GDP PC$3,354CURRENT US$
Rnk 130 / 186
2012-2022
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GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

Venezuela-Sri Lanka Trade: In 2022, Venezuela exported $83.4k to Sri Lanka. The main products that Venezuela exported to Sri Lanka were Other Coloring Matter ($55.9k), Plastic Lids ($10.5k), and Cleaning Products ($6.67k). Over the past 6 years the exports of Venezuela to Sri Lanka have increased at an annualized rate of 15.7%, from $34.8k in 2016 to $83.4k in 2022.

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

Sri Lanka-Venezuela Trade: In 2022, Sri Lanka exported $966k to Venezuela. The main products that Sri Lanka exported to Venezuela were Packaged Medicaments ($294k), Rubber Tires ($162k), and Tea ($146k). Over the past 6 years the exports of Sri Lanka to Venezuela have increased at an annualized rate of 32.5%,  from $236k in 2016 to $966k in 2022.

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

Comparison: In 2022,  Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). 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, Venezuela exported $83.4k to Sri Lanka. The main products exported from Venezuela to Sri Lanka were Other Coloring Matter ($55.9k), Plastic Lids ($10.5k), and Cleaning Products ($6.67k). During the last 6 years the exports of Venezuela to Sri Lanka have increased at an annualized rate of 15.7%, from $34.8k in 2016 to $83.4k in 2022.

In 2017, Sri Lanka exported $966k to Venezuela. The main products exported from Sri Lanka to Venezuela were Packaged Medicaments ($294k), Rubber Tires ($162k), and Tea ($146k). During the last 5 years the exports of Sri Lanka to Venezuela have increased at an annualized rate of 32.5%, from $236k in 2022 to $966k in 2017.

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

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

Latest Data

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

Sri Lanka Exports

Date

Market Competitiveness

Color
Venezuela
Top DestinationChina$703M
Sri Lanka
Top DestinationUnited States$3.52B

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

In 2022, countries that imported more from Venezuela than Sri Lanka included Turkey ($597M), China ($703M), and Spain ($518M).

In 2022, countries that imported more from Sri Lanka than Venezuela included United States ($3.52B), United Kingdom ($1.04B), and India ($1.12B).

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

Comparative Advantage Venezuela - Sri Lanka

Flow
Scale

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

During 2022, Venezuela had a large net trade with Sri Lanka in the exports of Chemical Products ($64.5k), Plastics and Rubbers ($10.6k), and Foodstuffs ($6.28k).

During 2017, Sri Lanka had a large net trade with Venezuela in the exports of Textiles ($308k), Chemical Products ($294k), and Plastics and Rubbers ($189k).

Economic Complexity

Competitive Landscape

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

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

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