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2022
Flag → Flag
Exports $768MRnk 38 / 215
2022
Flag → Flag
Top Product $479MRefined Petroleum
2022
Flag → Flag
Exports $181MRnk 18 / 194
2022
Flag → Flag
Top Product $24.9MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag  
GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 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 $82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC$3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

Singapore-Sri Lanka Trade: In 2022, Singapore exported $768M to Sri Lanka. The main products that Singapore exported to Sri Lanka were Refined Petroleum ($479M), Office Machine Parts ($24.6M), and Computers ($21.3M). Over the past 5 years the exports of Singapore to Sri Lanka have decreased at an annualized rate of 14.2%, from $1.66B in 2017 to $768M in 2022.

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

Sri Lanka-Singapore Trade: In 2022, Sri Lanka exported $181M to Singapore. The main products that Sri Lanka exported to Singapore were Refined Petroleum ($24.9M), Precious Stones ($24.6M), and Titanium Ore ($22.5M). Over the past 5 years the exports of Sri Lanka to Singapore have decreased at an annualized rate of 5.79%,  from $244M in 2017 to $181M in 2022.

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

Comparison: In 2022,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). 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, Singapore exported $768M to Sri Lanka. The main products exported from Singapore to Sri Lanka were Refined Petroleum ($479M), Office Machine Parts ($24.6M), and Computers ($21.3M). During the last 5 years the exports of Singapore to Sri Lanka have decreased at an annualized rate of 14.2%, from $1.66B in 2017 to $768M in 2022.

In 2017, Sri Lanka exported $181M to Singapore. The main products exported from Sri Lanka to Singapore were Refined Petroleum ($24.9M), Precious Stones ($24.6M), and Titanium Ore ($22.5M). During the last 5 years the exports of Sri Lanka to Singapore have decreased at an annualized rate of 5.79%, from $244M in 2022 to $181M in 2017.

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

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

Latest Data

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

Singapore Exports

Sri Lanka Exports

Date

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$51.6B
Sri Lanka
Top DestinationUnited States$3.52B

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

In 2022, countries that imported more from Singapore than Sri Lanka included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

In 2022, countries that imported more from Sri Lanka than Singapore included Iraq ($164M), Iran ($86.1M), and Azerbaijan ($76M).

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

Comparative Advantage Singapore - Sri Lanka

Flow
Scale

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

During 2022, Singapore had a large net trade with Sri Lanka in the exports of Mineral Products ($479M), Machines ($98.1M), and Chemical Products ($56.9M).

During 2017, Sri Lanka had a large net trade with Singapore in the exports of Mineral Products ($50.3M), Machines ($25.4M), and Precious Metals ($25.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Sri Lanka+$79.2MRefined Petroleum
Top Product Potential Sri Lanka Singapore+$2.63MKnit T-shirts

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

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

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