2022
Flag  
GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP
$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH
5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
GDP PC 
$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH
37.5%CURRENT US$
Rnk 52 / 186
2022
Flag
GDP PC
$3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH
0.074%CURRENT US$
Rnk 141 / 186

About

Bolivia-Sri Lanka Trade: In 2022, Bolivia exported $304 to Sri Lanka. The main products that Bolivia exported to Sri Lanka were Buckwheat ($199), Perfume Plants ($84), and Fruit Juice ($13). Over the past 6 years the exports of Bolivia to Sri Lanka have decreased at an annualized rate of 64%, from $139k in 2016 to $304 in 2022.

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

Sri Lanka-Bolivia Trade: In 2022, Sri Lanka exported $4.05M to Bolivia. The main products that Sri Lanka exported to Bolivia were Cinnamon ($2.53M), Embroidery ($601k), and Tea ($164k). Over the past 6 years the exports of Sri Lanka to Bolivia have decreased at an annualized rate of 9.97%,  from $6.84M in 2016 to $4.05M in 2022.

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

Comparison: In 2022,  Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B). 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, Bolivia exported $304 to Sri Lanka. The main products exported from Bolivia to Sri Lanka were Buckwheat ($199), Perfume Plants ($84), and Fruit Juice ($13). During the last 6 years the exports of Bolivia to Sri Lanka have decreased at an annualized rate of 64%, from $139k in 2016 to $304 in 2022.

In 2017, Sri Lanka exported $4.05M to Bolivia. The main products exported from Sri Lanka to Bolivia were Cinnamon ($2.53M), Embroidery ($601k), and Tea ($164k). During the last 5 years the exports of Sri Lanka to Bolivia have decreased at an annualized rate of 9.97%, from $6.84M in 2022 to $4.05M in 2017.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
India$2.27B
Sri Lanka
Top Destination
United States$3.52B

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

In 2022, countries that imported more from Bolivia than Sri Lanka included Brazil ($1.89B), Argentina ($1.76B), and India ($2.27B).

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

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

Comparative Advantage Bolivia - Sri Lanka

Flow
Scale

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

During 2022, Bolivia had a large net trade with Sri Lanka in the exports of Vegetable Products ($283), Foodstuffs ($13), and Paper Goods ($8).

During 2017, Sri Lanka had a large net trade with Bolivia in the exports of Vegetable Products ($2.76M), Textiles ($906k), and Plastics and Rubbers ($232k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Sri Lanka+$3.77kGold
Top Product Potential Sri Lanka Bolivia+$194kRubber 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 Bolivia and Sri Lanka. This means that a dot/product with the flag of Bolivia 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 Bolivia.

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

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