Sri Lanka

ECON COMPLEXITY (2018)

-0.65

RANK 97 OF 137

PRODUCT EXPORTS (2018)

$11.1B

RANK 84 OF 222

EXPORTS PER CAPITA (2018)

$514

RANK 94 OF 219

PRODUCT IMPORTS (2018)

$18.7B

RANK 80 OF 221

IMPORTS PER CAPITA (2018)

$863

RANK 94 of 219

SERVICE EXPORTS (2018)

$8.37B

RANK 32 OF 88

SERVICE IMPORTS (2018)

$4.61B

RANK 43 OF 88

GDP (2018)

$88.9B

CURRENT US$
RANK 64 OF 196

GDP GROWTH (2008-2018)

118%

CURRENT US$
RANK 24 OF 196

GDP PC (2018)

$4,102

CURRENT US$
RANK 122 OF 196

GDP PC GROWTH (2008-2018)

101%

Overview: In 2018 Sri Lanka was the number 64 economy in the world in terms of GDP (current US$), the number 84 in total exports, the number 80 in total imports, and the number 97 most complex economy according to the Economic Complexity Index (ECI). In 2018, Sri Lanka exported $11.1B and imported $18.7B, resulting in a negative trade balance of -$7.57B. In 2018, Sri Lanka’s exports per capita were $514 and its imports per capita were $863.

Trade: The top exports of Sri Lanka are Tea ($858M), Other Women’s Undergarments ($635M), Knit Women’s Undergarments ($556M), Knit Women’s Suits ($493M), and Non-Knit Women’s Suits ($476M). The top imports of Sri Lanka are Refined Petroleum ($2.3B), Cars ($1.2B), Light Rubberized Knitted Fabric ($760M), Broadcasting Equipment ($367M), and Packaged Medicaments ($307M).

Destinations: Sri Lanka exports mostly to United States ($2.69B), India($865M), Germany ($823M), United Kingdom ($809M), and Italy($495M), and imports mostly from India ($4.25B), China ($4.23B), Singapore ($1.73B), Japan ($1.17B), and Malaysia ($708M).

Location: Sri Lanka borders India and Maldives by sea.

Exports

In 2018 Sri Lanka exported a total of $11.1B, making it the number 84 exporter in the world. During the last five reported years the exports of Sri Lanka have changed by $150M from $11B in 2013 to $11.1B in 2018.

The most recent exports are led by Tea ($858M), Other Women’s Undergarments ($635M), Knit Women’s Undergarments ($556M), Knit Women’s Suits ($493M), and Non-Knit Women’s Suits ($476M).

Imports

In 2018 Sri Lanka imported $18.7B, making it the number 80 trade destination in the world. During the last five reported years the imports of Sri Lanka changed by -$142M from $18.9B in 2013 to $18.7B in 2018.

The most recent imports of Sri Lanka are led by Refined Petroleum ($2.3B), Cars ($1.2B), Light Rubberized Knitted Fabric ($760M), Broadcasting Equipment ($367M), and Packaged Medicaments ($307M).

Trade Balance

As of 2018 Sri Lanka had a negative trade balance of $9.1B in net imports. As compared to their trade balance in 1995 when they still had a negative trade balance of $614M in net imports.

Destinations

The most common destination for the exports of Sri Lanka are United States ($2.69B), India ($865M), Germany ($823M), United Kingdom ($809M), and Italy ($495M).

Origins

The most common import partners for Sri Lanka are India ($4.25B), China ($4.23B), Singapore ($1.73B), Japan ($1.17B), and Malaysia ($708M).