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2022
Flag → Flag
Exports $6.59BRnk 22 / 217
2022
Flag → Flag
Top Product $2.38BRefined Petroleum
2022
Flag → Flag
Exports $1.12BRnk 2 / 194
2022
Flag → Flag
Top Product $132MCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 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 $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

India-Sri Lanka Trade: In 2022, India exported $6.59B to Sri Lanka. The main products that India exported to Sri Lanka were Refined Petroleum ($2.38B), Special Purpose Ships ($574M), and Light Rubberized Knitted Fabric ($300M). Over the past 5 years the exports of India to Sri Lanka have increased at an annualized rate of 7.23%, from $4.65B in 2017 to $6.59B in 2022.

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

Sri Lanka-India Trade: In 2022, Sri Lanka exported $1.12B to India. The main products that Sri Lanka exported to India were Crude Petroleum ($132M), Animal Food ($115M), and Pepper ($69.4M). Over the past 5 years the exports of Sri Lanka to India have increased at an annualized rate of 6.69%,  from $807M in 2017 to $1.12B in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Latest Trends

August, 2024

About

Overview In August 2024, India exported $350M and imported $92.5M from Sri Lanka, resulting in a positive trade balance of $258M. Between August 2023 and August 2024 the exports of India have increased by $26M (8.01%) from $324M to $350M, while imports decreased by $-149M (-61.7%) from $241M to $92.5M.

Trade In August 2024, the top exports of India to Sri Lanka were Ship, Boat And Floating Struct ($61.6M), Petroleum Products ($36.1M), Sugar ($28.8M), Cotton Fabrics, Madeups Etc. ($23.7M), and Drug Formulations, Biologicals ($17.5M). In August 2024 the top imports of India from Sri Lanka were Other Commodities ($13.3M), Spices ($9.71M), Pearl, Precs, Semiprecs Stones ($4.55M), Rmg Cotton Incl Accessories ($3.76M), and Manmade Staple Fibre ($3.7M).

Growth In August 2024, the increase in India's year-by-year exports to Sri Lanka was explained primarily by an increase in product exports in Sugar ($12.5M or 76%), Drug Formulations, Biologicals ($4.51M or 34.7%), and Oil Meals ($2.86M or 164%). In August 2024, the decrease in India's year-by-year imports  from Sri Lanka was explained primarily by an decrease in product imports  in Spices ($-5.34M or -35.5%), Vegetable Oils ($-2.92M or -98.9%), and Paint, Varnish And Allid Prodc ($-2.45M or -92%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)$26M(8.01%)
IMPORT GROWTH (August 2023 - August 2024)$-149M(-61.7%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Sri Lanka and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Sri Lanka and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $6.59B to Sri Lanka. The main products exported from India to Sri Lanka were Refined Petroleum ($2.38B), Special Purpose Ships ($574M), and Light Rubberized Knitted Fabric ($300M). During the last 5 years the exports of India to Sri Lanka have increased at an annualized rate of 7.23%, from $4.65B in 2017 to $6.59B in 2022.

In 2017, Sri Lanka exported $1.12B to India. The main products exported from Sri Lanka to India were Crude Petroleum ($132M), Animal Food ($115M), and Pepper ($69.4M). During the last 5 years the exports of Sri Lanka to India have increased at an annualized rate of 6.69%, from $807M in 2022 to $1.12B in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Sri Lanka
Top DestinationUnited States$3.52B

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

In 2022, countries that imported more from India than Sri Lanka included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Sri Lanka than India included American Samoa ($622k) and Anguilla ($168k).

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

Comparative Advantage India - Sri Lanka

Flow
Scale

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

During 2022, India had a large net trade with Sri Lanka in the exports of Mineral Products ($2.43B), Textiles ($878M), and Transportation ($820M).

During 2017, Sri Lanka had a large net trade with India in the exports of Mineral Products ($221M), Vegetable Products ($180M), and Foodstuffs ($171M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Sri Lanka+$34.2MDiamonds
Top Product Potential Sri Lanka India+$90MCrude Petroleum

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

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

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