Sri Lanka (LKA) and Bhutan (BTN) Trade | The Observatory of Economic Complexity

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Sri Lanka-Bhutan Trade: In 2022, Sri Lanka exported $989k to Bhutan. The main products that Sri Lanka exported to Bhutan were Documents of title (bonds etc) and unused stamps ($975k), Other toys ($12.3k), and Seats ($1.41k). Over the past 7 years the exports of Sri Lanka to Bhutan have increased at an annualized rate of 80.4%, from $15.9k in 2015 to $989k in 2022.

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

Bhutan-Sri Lanka Trade: In 2022, Bhutan exported $513 to Sri Lanka. The main products that Bhutan exported to Sri Lanka were Brochures ($135), Textile Footwear ($128), and Confectionery Sugar ($50). Over the past 7 years the exports of Bhutan to Sri Lanka have increased at an annualized rate of 109%, from $13 in 2015 to $513 in 2022.

In 2022, Bhutan 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, Bhutan ranked 177 in total exports ($392M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Sri Lanka exported $989k to Bhutan. The main products exported from Sri Lanka to Bhutan were Documents of title (bonds etc) and unused stamps ($975k), Other toys ($12.3k), and Seats ($1.41k). During the last 7 years the exports of Sri Lanka to Bhutan have increased at an annualized rate of 80.4%, from $15.9k in 2015 to $989k in 2022.

In 2017, Bhutan exported $513 to Sri Lanka. The main products exported from Bhutan to Sri Lanka were Brochures ($135), Textile Footwear ($128), and Confectionery Sugar ($50). During the last 5 years the exports of Bhutan to Sri Lanka have increased at an annualized rate of 109%, from $13 in 2022 to $513 in 2017.

Exports from Sri Lanka () to Bhutan () (2022)

Exports from Bhutan () to Sri Lanka () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sri Lanka
Top DestinationUnited States$3.52B

Bhutan
Top DestinationIndia$343M

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

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

In 2022, countries that imported more from Bhutan than Sri Lanka included Nepal ($7.44M).

Difference in imports from Bhutan () and Sri Lanka () (2022)

Comparative Advantage Sri Lanka - Bhutan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Sri Lanka had a large net trade with Bhutan in the exports of Paper Goods ($975k) and Miscellaneous ($13.7k).

During 2017, Bhutan had a large net trade with Sri Lanka in the exports of Foodstuffs ($172), Paper Goods ($135), and Footwear and Headwear ($128).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Sri Lanka and Bhutan. This means that a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over Bhutan. Similarly, a dot/product with the flag of Bhutan indicates it has a comparative advantage over Sri Lanka.

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Historical Data

Bilateral Trade by Products

Exports from Sri Lanka () to Bhutan () (2022)

Exports from Bhutan () to Sri Lanka () (2022)

Market Competitiveness

Difference in imports from Bhutan () and Sri Lanka () (2022)

Comparative Advantage Sri Lanka - Bhutan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Sri Lanka () and Bhutan () (2022)

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