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2022
Flag → Flag
Exports $289MRnk 12 / 194
2022
Flag → Flag
Top Product $22.3MKnit Gloves
2022
Flag → Flag
Exports $176MRnk 57 / 213
2022
Flag → Flag
Top Product $93MDried Legumes
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 78 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC $3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH-5.23%CURRENT US$
Rnk 153 / 186

About

Sri Lanka-Australia Trade: In 2022, Sri Lanka exported $289M to Australia. The main products that Sri Lanka exported to Australia were Knit Gloves ($22.3M), Tea ($21.9M), and Knit T-shirts ($16.5M). Over the past 5 years the exports of Sri Lanka to Australia have increased at an annualized rate of 8.34%, from $193M in 2017 to $289M in 2022.

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

Australia-Sri Lanka Trade: In 2022, Australia exported $176M to Sri Lanka. The main products that Australia exported to Sri Lanka were Dried Legumes ($93M), Wheat ($18.2M), and Kraft Paper ($8.15M). Over the past 5 years the exports of Australia to Sri Lanka have decreased at an annualized rate of 6.98%,  from $253M in 2017 to $176M in 2022.

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

Comparison: In 2022,  Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B). That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $289M to Australia. The main products exported from Sri Lanka to Australia were Knit Gloves ($22.3M), Tea ($21.9M), and Knit T-shirts ($16.5M). During the last 5 years the exports of Sri Lanka to Australia have increased at an annualized rate of 8.34%, from $193M in 2017 to $289M in 2022.

In 2017, Australia exported $176M to Sri Lanka. The main products exported from Australia to Sri Lanka were Dried Legumes ($93M), Wheat ($18.2M), and Kraft Paper ($8.15M). During the last 5 years the exports of Australia to Sri Lanka have decreased at an annualized rate of 6.98%, from $253M in 2022 to $176M in 2017.

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

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

Latest Data

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

Sri Lanka Exports

Date

Australia Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Australia
Top DestinationChina$123B

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

In 2022, countries that imported more from Sri Lanka than Australia included Iraq ($164M), Azerbaijan ($76M), and Libya ($44.4M).

In 2022, countries that imported more from Australia than Sri Lanka included China ($123B), Japan ($80.1B), and South Korea ($41B).

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

Comparative Advantage Sri Lanka - Australia

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Australia in the exports of Textiles ($130M), Plastics and Rubbers ($34.1M), and Vegetable Products ($33.5M).

During 2017, Australia had a large net trade with Sri Lanka in the exports of Vegetable Products ($121M), Paper Goods ($12.6M), and Animal Products ($12.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Australia+$8.05MNon-Knit Women's Suits
Top Product Potential Australia Sri Lanka+$6.75MWheat

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 Sri Lanka and Australia. This means that a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over Australia. Similarly, a dot/product with the flag of Australia indicates it has a comparative advantage over Sri Lanka.

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

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