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2022
Flag → Flag
Exports $253MRnk 64 / 152
2022
Flag → Flag
Top Product $30.7MRubber
2022
Flag → Flag
Exports $59MRnk 44 / 194
2022
Flag → Flag
Top Product $13.4MLight Rubberized Knitted Fabric
2022
Flag
Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag  
GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH109%CURRENT US$
Rnk 12 / 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 $4,164CURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186
2022
Flag
GDP PC$3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

Vietnam-Sri Lanka Trade: In 2022, Vietnam exported $253M to Sri Lanka. The main products that Vietnam exported to Sri Lanka were Rubber ($30.7M), Light Rubberized Knitted Fabric ($19.8M), and Non-Retail Pure Cotton Yarn ($19.7M). Over the past 5 years the exports of Vietnam to Sri Lanka have decreased at an annualized rate of 2.85%, from $292M in 2017 to $253M in 2022.

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

Sri Lanka-Vietnam Trade: In 2022, Sri Lanka exported $59M to Vietnam. The main products that Sri Lanka exported to Vietnam were Light Rubberized Knitted Fabric ($13.4M), Bran ($6.98M), and Non-Retail Synthetic Filament Yarn ($6.15M). Over the past 5 years the exports of Sri Lanka to Vietnam have decreased at an annualized rate of 15.5%,  from $137M in 2017 to $59M in 2022.

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

Comparison: In 2022,  Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B). 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, Vietnam exported $253M to Sri Lanka. The main products exported from Vietnam to Sri Lanka were Rubber ($30.7M), Light Rubberized Knitted Fabric ($19.8M), and Non-Retail Pure Cotton Yarn ($19.7M). During the last 5 years the exports of Vietnam to Sri Lanka have decreased at an annualized rate of 2.85%, from $292M in 2017 to $253M in 2022.

In 2017, Sri Lanka exported $59M to Vietnam. The main products exported from Sri Lanka to Vietnam were Light Rubberized Knitted Fabric ($13.4M), Bran ($6.98M), and Non-Retail Synthetic Filament Yarn ($6.15M). During the last 5 years the exports of Sri Lanka to Vietnam have decreased at an annualized rate of 15.5%, from $137M in 2022 to $59M in 2017.

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

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

Latest Data

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

Sri Lanka Exports

Date

Market Competitiveness

Color
Vietnam
Top DestinationUnited States$117B
Sri Lanka
Top DestinationUnited States$3.52B

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

In 2022, countries that imported more from Vietnam than Sri Lanka included United States ($117B), China ($58.7B), and South Korea ($25.2B).

In 2022, countries that imported more from Sri Lanka than Vietnam included Maldives ($128M), Iran ($86.1M), and Libya ($44.4M).

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

Comparative Advantage Vietnam - Sri Lanka

Flow
Scale

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

During 2022, Vietnam had a large net trade with Sri Lanka in the exports of Textiles ($113M), Plastics and Rubbers ($41.4M), and Machines ($24.7M).

During 2017, Sri Lanka had a large net trade with Vietnam in the exports of Textiles ($28.1M), Foodstuffs ($9.01M), and Plastics and Rubbers ($8.64M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Vietnam Sri Lanka+$12.8MTelephones
Top Product Potential Sri Lanka Vietnam+$4.06MOther knitted or crocheted fabrics.

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

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

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