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2022
Flag → Flag
Exports $126MRnk 47 / 187
2022
Flag → Flag
Top Product $101MDiamonds
2022
Flag → Flag
Exports $176MRnk 19 / 194
2022
Flag → Flag
Top Product $141MDiamonds
2022
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag  
GDP$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH99%CURRENT US$
Rnk 14 / 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 $54,660CURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP PC GROWTH64.9%CURRENT US$
Rnk 21 / 186
2022
Flag
GDP PC$3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

Israel-Sri Lanka Trade: In 2022, Israel exported $126M to Sri Lanka. The main products that Israel exported to Sri Lanka were Diamonds ($101M), Non-Retail Synthetic Filament Yarn ($14.3M), and Fruit Juice ($1.75M). Over the past 5 years the exports of Israel to Sri Lanka have increased at an annualized rate of 13.3%, from $67.5M in 2017 to $126M in 2022.

In 2012, Israel exported services to Sri Lanka worth $6.74M, with Computer and information services ($6.74M) being the largest in terms of value.

Sri Lanka-Israel Trade: In 2022, Sri Lanka exported $176M to Israel. The main products that Sri Lanka exported to Israel were Diamonds ($141M), Non-fillet Fresh Fish ($9.49M), and Tea ($7.36M). Over the past 5 years the exports of Sri Lanka to Israel have increased at an annualized rate of 17.6%,  from $78.5M in 2017 to $176M in 2022.

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

Comparison: In 2022,  Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B). 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, Israel exported $126M to Sri Lanka. The main products exported from Israel to Sri Lanka were Diamonds ($101M), Non-Retail Synthetic Filament Yarn ($14.3M), and Fruit Juice ($1.75M). During the last 5 years the exports of Israel to Sri Lanka have increased at an annualized rate of 13.3%, from $67.5M in 2017 to $126M in 2022.

In 2017, Sri Lanka exported $176M to Israel. The main products exported from Sri Lanka to Israel were Diamonds ($141M), Non-fillet Fresh Fish ($9.49M), and Tea ($7.36M). During the last 5 years the exports of Sri Lanka to Israel have increased at an annualized rate of 17.6%, from $78.5M in 2022 to $176M in 2017.

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

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

Market Competitiveness

Color
Israel
Top DestinationUnited States$20.3B
Sri Lanka
Top DestinationUnited States$3.52B

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

In 2022, countries that imported more from Israel than Sri Lanka included United States ($20.3B), China ($5.53B), and Palestine ($4.6B).

In 2022, countries that imported more from Sri Lanka than Israel included Bangladesh ($225M), Iraq ($164M), and Maldives ($128M).

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

Comparative Advantage Israel - Sri Lanka

Flow
Scale

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

During 2022, Israel had a large net trade with Sri Lanka in the exports of Precious Metals ($102M), Textiles ($14.7M), and Machines ($2.87M).

During 2017, Sri Lanka had a large net trade with Israel in the exports of Precious Metals ($141M), Animal Products ($11.4M), and Vegetable Products ($9.42M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Sri Lanka+$667kIntegrated Circuits
Top Product Potential Sri Lanka Israel+$853kPrecious Stones

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

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

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