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Pricing

2022
Flag → Flag
Exports $22.5MRnk 61 / 194
2022
Flag → Flag
Top Product $9.23MCinnamon
2022
Flag → Flag
Exports $816kRnk 138 / 187
2022
Flag → Flag
Top Product $465kTulles and Net Fabric
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 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$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH-18.1%CURRENT US$
Rnk 169 / 186

About

Sri Lanka-Colombia Trade: In 2022, Sri Lanka exported $22.5M to Colombia. The main products that Sri Lanka exported to Colombia were Cinnamon ($9.23M), Rubber Apparel ($2.25M), and Knit Gloves ($2.24M). Over the past 5 years the exports of Sri Lanka to Colombia have increased at an annualized rate of 4.55%, from $18M in 2017 to $22.5M in 2022.

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

Colombia-Sri Lanka Trade: In 2022, Colombia exported $816k to Sri Lanka. The main products that Colombia exported to Sri Lanka were Tulles and Net Fabric ($465k), Confectionery Sugar ($180k), and Cinnamon ($131k). Over the past 5 years the exports of Colombia to Sri Lanka have increased at an annualized rate of 10.8%,  from $488k in 2017 to $816k in 2022.

In 2022, Colombia 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, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $22.5M to Colombia. The main products exported from Sri Lanka to Colombia were Cinnamon ($9.23M), Rubber Apparel ($2.25M), and Knit Gloves ($2.24M). During the last 5 years the exports of Sri Lanka to Colombia have increased at an annualized rate of 4.55%, from $18M in 2017 to $22.5M in 2022.

In 2017, Colombia exported $816k to Sri Lanka. The main products exported from Colombia to Sri Lanka were Tulles and Net Fabric ($465k), Confectionery Sugar ($180k), and Cinnamon ($131k). During the last 5 years the exports of Colombia to Sri Lanka have increased at an annualized rate of 10.8%, from $488k in 2022 to $816k in 2017.

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

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

Latest Data

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

Sri Lanka Exports

Date

Colombia Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Colombia
Top DestinationUnited States$15.6B

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

In 2022, countries that imported more from Sri Lanka than Colombia included United Kingdom ($1.04B), Bangladesh ($225M), and Iraq ($164M).

In 2022, countries that imported more from Colombia than Sri Lanka included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

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

Comparative Advantage Sri Lanka - Colombia

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Colombia in the exports of Vegetable Products ($9.82M), Textiles ($7.9M), and Plastics and Rubbers ($3.68M).

During 2017, Colombia had a large net trade with Sri Lanka in the exports of Textiles ($468k), Foodstuffs ($183k), and Vegetable Products ($131k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Colombia+$1.21MRubber Tires
Top Product Potential Colombia Sri Lanka+$77.1kConfectionery Sugar

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

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

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