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Pricing

2022
Flag → Flag
Exports $86.1MRnk 32 / 194
2022
Flag → Flag
Top Product $74MTea
2022
Flag → Flag
Exports $5.13MRnk 59 / 127
2022
Flag → Flag
Top Product $2.58MFish: dried, salted, smoked or in brine
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 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$4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186

About

Sri Lanka-Iran Trade: In 2022, Sri Lanka exported $86.1M to Iran. The main products that Sri Lanka exported to Iran were Tea ($74M), Coconuts, Brazil Nuts, and Cashews ($3M), and Coconut and Other Vegetable Fibers ($2.8M). Over the past 5 years the exports of Sri Lanka to Iran have decreased at an annualized rate of 13.4%, from $177M in 2017 to $86.1M in 2022.

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

Iran-Sri Lanka Trade: In 2022, Iran exported $5.13M to Sri Lanka. The main products that Iran exported to Sri Lanka were Fish: dried, salted, smoked or in brine ($2.58M), Non-fillet Frozen Fish ($480k), and Iron Fasteners ($447k). Over the past 5 years the exports of Iran to Sri Lanka have decreased at an annualized rate of 9.19%,  from $47.1M in 2017 to $5.13M in 2022.

In 2022, Iran 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, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $86.1M to Iran. The main products exported from Sri Lanka to Iran were Tea ($74M), Coconuts, Brazil Nuts, and Cashews ($3M), and Coconut and Other Vegetable Fibers ($2.8M). During the last 5 years the exports of Sri Lanka to Iran have decreased at an annualized rate of 13.4%, from $177M in 2017 to $86.1M in 2022.

In 2017, Iran exported $5.13M to Sri Lanka. The main products exported from Iran to Sri Lanka were Fish: dried, salted, smoked or in brine ($2.58M), Non-fillet Frozen Fish ($480k), and Iron Fasteners ($447k). During the last 5 years the exports of Iran to Sri Lanka have decreased at an annualized rate of 9.19%, from $47.1M in 2022 to $5.13M in 2017.

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

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

Latest Data

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

Sri Lanka Exports

Date

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Iran
Top DestinationChina$5.72B

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

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

In 2022, countries that imported more from Iran than Sri Lanka included China ($5.72B), Turkey ($3.17B), and Kuwait ($960M).

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

Comparative Advantage Sri Lanka - Iran

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Iran in the exports of Vegetable Products ($78.5M), Metals ($3.18M), and Textiles ($2.82M).

During 2017, Iran had a large net trade with Sri Lanka in the exports of Animal Products ($3.06M), Metals ($674k), and Machines ($309k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Iran+$3.64kTea
Top Product Potential Iran Sri Lanka+$4kRefined 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 Sri Lanka and Iran. This means that a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over Iran. Similarly, a dot/product with the flag of Iran indicates it has a comparative advantage over Sri Lanka.

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

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