2022
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GDP
$74.4BCURRENT US$
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2012-2022
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GDP GROWTH
5.62%CURRENT US$
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2022
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 GDP
$16.8BCURRENT US$
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2012-2022
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GDP GROWTH
36.8%CURRENT US$
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2022
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GDP PC 
$3,354CURRENT US$
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2012-2022
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GDP PC GROWTH
0.074%CURRENT US$
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2022
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GDP PC
$4,947CURRENT US$
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2012-2022
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GDP PC GROWTH
12.4%CURRENT US$
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About

Sri Lanka-Mongolia In 2022, Sri Lanka exported $2.17M to Mongolia. The main products that Sri Lanka exported to Mongolia are Tea ($1.25M), Coffee and Tea Extracts ($290k), and Porcelain Tableware ($161k). During the last 25 years the exports of Sri Lanka to Mongolia have increased at an annualized rate of 25.5%, from $7.4k in 1997 to $2.17M in 2022.

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

Mongolia-Sri Lanka In 2022, Mongolia exported $6.11k to Sri Lanka. The main products that Mongolia exported to Sri Lanka were Petroleum Jelly ($5.41k), Computers ($496), and Office Machine Parts ($122). During the last 25 years the exports of Mongolia to Sri Lanka have decreased at an annualized rate of 6.54%, from $33.1k in 1997 to $6.11k in 2022.

In 2022, Mongolia 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, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $2.17M to Mongolia. The main products exported from Sri Lanka to Mongolia were Tea ($1.25M), Coffee and Tea Extracts ($290k), and Porcelain Tableware ($161k). During the last 25 years the exports of Sri Lanka to Mongolia have increased at an annualized rate of 25.5%, from $7.4k in 1997 to $2.17M in 2022.

In 2022, Mongolia exported $6.11k to Sri Lanka. The main products exported from Mongolia to Sri Lanka were Petroleum Jelly ($5.41k), Computers ($496), and Office Machine Parts ($122). During the last 23 years the exports of Mongolia to Sri Lanka have decreased at an annualized rate of 6.54%, from $33.1k in 1999 to $6.11k in 2022.

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

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

Latest Data

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

Mongolia Exports

Date

Market Competitiveness

Color
Sri Lanka
Top Destination
United States$3.52B
Mongolia
Top Destination
China$10.6B

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

In 2021, countries that imported more from Sri Lanka than Mongolia were United States ($3.52B), India ($1.12B), and United Kingdom ($1.04B).

In 2021, countries that imported more from Mongolia than Sri Lanka were China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).

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

Comparative Advantage Sri Lanka - Mongolia

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Mongolia in the exports of Vegetable Products ($1.26M), Foodstuffs ($307k), and Textiles ($290k).

During 2022, Mongolia had a large net trade with Sri Lanka in the exports of Mineral Products ($5.41k), Machines ($618), and Textiles ($84).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Sri Lanka has comparative advantage over Mongolia. Similarly, the more yellow a dot/product is, the more Mongolia has comparative advantage over Sri Lanka.

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

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