{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:17.458Z",
  "seo": {
    "title": "Sri Lanka exports to South Korea: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Sri Lanka to South Korea, the product routes that need a closer look, and the conditions that may affect planning."
  },
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com",
    "email": "support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  },
  "exporter": {
    "iso3": "LKA",
    "country_name": "Sri Lanka"
  },
  "importer": {
    "iso3": "KOR",
    "country_name": "South Korea"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "LKA",
    "importer_iso3": "KOR",
    "all_history_lane_count": 154,
    "current_lane_count": 99,
    "current_product_count": 99,
    "first_observed_last_year": 1995,
    "latest_data_year": 2024,
    "current_trade_usd": 88760059.747205,
    "attention_trade_usd": 29834718.698823556,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 46681079.8162872,
    "unrecovered_drawdown_trade_usd": 17008274.53895429,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 50498667.57193288,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 10,
    "high_volatility_lane_count": 62,
    "unrecovered_drawdown_lane_count": 48,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 67,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 1.0049059787854606,
    "trade_weighted_below_peak_pct": 25.922957014980735,
    "product_concentration_hhi": 484.6596657894606,
    "top1_product_share_pct": 10.483337716973065,
    "top3_product_share_pct": 29.40483307508267,
    "top_product_hs6": "530500",
    "top_product_trade_usd": 9305016.821086569,
    "top_product_description": "Coconut, abaca (Manila hemp or Musa textilis Nee), ramie and other vegetable textile fibres n.e.c., raw or processed but not spun: tow, noils and waste of these fibres (including yarn waste and garnetted stock)",
    "top_attention_product_hs6": "530500",
    "top_attention_product_reason": "The buyer market is concentrated among relatively few suppliers",
    "distance_km": 5840.5126953125,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": 0,
    "has_reported_fta": 0,
    "avg_applied_tariff_pct": 14.388403769898995,
    "avg_mfn_tariff_pct": 14.600262464040409,
    "avg_preferential_tariff_pct": 16.749381009090907,
    "tariff_advantage_pp": -2.149118545050499,
    "buyer_biz_entry_days": 8,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 1798533.915091,
    "buyer_gdp_pc_latest": 34758,
    "buyer_population_latest": 51744.877,
    "buyer_gdp_5y_cagr_pct": 1.3815058218118237,
    "buyer_gdp_pc_5y_cagr_pct": 1.3868953035443221,
    "buyer_population_5y_cagr_pct": -0.00531575773807802,
    "buyer_investment_5y_avg_pct": 32.412,
    "buyer_savings_5y_avg_pct": 34.20399999999999,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 33.61277446612245,
    "critical_trade_share_pct": 0,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "concentrated_buyer_markets"
    ],
    "attention_level": "Watch",
    "primary_risk_reason": "Buyer-market concentration is the largest observed corridor exposure",
    "buyer_gdp_mn_2024": 1798533.915091,
    "buyer_gdp_pc_2024": 34758,
    "buyer_population_2024": 51744.877
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "export_value_usd": 46808614.556921616,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "export_value_usd": 51086654.94551973,
      "yoy_growth_pct": 9.139429630833874,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "export_value_usd": 66686697.65318363,
      "yoy_growth_pct": 30.536434073243267,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "export_value_usd": 49394760.326282226,
      "yoy_growth_pct": -25.93011490362184,
      "cagr_3y_pct": 1.8087327853407942
    },
    {
      "year": 1999,
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "export_value_usd": 53163186.091387406,
      "yoy_growth_pct": 7.629201437991506,
      "cagr_3y_pct": 1.3369536448436081
    },
    {
      "year": 2000,
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "export_value_usd": 49415801.92303403,
      "yoy_growth_pct": -7.048832930952697,
      "cagr_3y_pct": -9.50827257898239
    },
    {
      "year": 2001,
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "export_value_usd": 37309864.544743724,
      "yoy_growth_pct": -24.498109728433647,
      "cagr_3y_pct": -8.92882708316165
    },
    {
      "year": 2002,
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "export_value_usd": 38079339.71961085,
      "yoy_growth_pct": 2.062390695480376,
      "cagr_3y_pct": -10.526834444266287
    },
    {
      "year": 2003,
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "export_value_usd": 29474667.78419935,
      "yoy_growth_pct": -22.596694162162944,
      "cagr_3y_pct": -15.822822980484618
    },
    {
      "year": 2004,
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "export_value_usd": 35136068.1023238,
      "yoy_growth_pct": 19.207681523587496,
      "cagr_3y_pct": -1.9810988972737475
    },
    {
      "year": 2005,
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "export_value_usd": 34683780.54746616,
      "yoy_growth_pct": -1.2872457827110328,
      "cagr_3y_pct": -3.065358871743684
    },
    {
      "year": 2006,
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "export_value_usd": 35381582.93743428,
      "yoy_growth_pct": 2.0118982964188348,
      "cagr_3y_pct": 6.277854894072887
    },
    {
      "year": 2007,
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "export_value_usd": 41095290.3709344,
      "yoy_growth_pct": 16.148817998346043,
      "cagr_3y_pct": 5.360938654529779
    },
    {
      "year": 2008,
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "export_value_usd": 52696664.884461105,
      "yoy_growth_pct": 28.230423507925995,
      "cagr_3y_pct": 14.961450151945543
    },
    {
      "year": 2009,
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "export_value_usd": 59620089.00307776,
      "yoy_growth_pct": 13.13825862376008,
      "cagr_3y_pct": 18.997668851025963
    },
    {
      "year": 2010,
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "export_value_usd": 49027551.215664364,
      "yoy_growth_pct": -17.76672588809215,
      "cagr_3y_pct": 6.059452987050062
    },
    {
      "year": 2011,
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "export_value_usd": 73180567.51546037,
      "yoy_growth_pct": 49.2641702489907,
      "cagr_3y_pct": 11.56746047823054
    },
    {
      "year": 2012,
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "export_value_usd": 63304931.64557822,
      "yoy_growth_pct": -13.4948883360269,
      "cagr_3y_pct": 2.0191360506915945
    },
    {
      "year": 2013,
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "export_value_usd": 79737430.13077301,
      "yoy_growth_pct": 25.957690906601872,
      "cagr_3y_pct": 17.600006079692943
    },
    {
      "year": 2014,
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "export_value_usd": 89434287.30357906,
      "yoy_growth_pct": 12.160985320072104,
      "cagr_3y_pct": 6.914372772649902
    },
    {
      "year": 2015,
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "export_value_usd": 78662934.34570858,
      "yoy_growth_pct": -12.043874091943962,
      "cagr_3y_pct": 7.5088458411425085
    },
    {
      "year": 2016,
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "export_value_usd": 83470842.3289607,
      "yoy_growth_pct": 6.112037420473393,
      "cagr_3y_pct": 1.5369671568057797
    },
    {
      "year": 2017,
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "export_value_usd": 78475519.91461533,
      "yoy_growth_pct": -5.984511806720095,
      "cagr_3y_pct": -4.2636827767941305
    },
    {
      "year": 2018,
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "export_value_usd": 85280249.93387713,
      "yoy_growth_pct": 8.671149967105185,
      "cagr_3y_pct": 2.7289321944300005
    },
    {
      "year": 2019,
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "export_value_usd": 91609548.40748547,
      "yoy_growth_pct": 7.421763513258739,
      "cagr_3y_pct": 3.1498613908009787
    },
    {
      "year": 2020,
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "export_value_usd": 105848747.74786125,
      "yoy_growth_pct": 15.543357202285147,
      "cagr_3y_pct": 10.488524590002623
    },
    {
      "year": 2021,
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "export_value_usd": 124769161.37313834,
      "yoy_growth_pct": 17.874952730047198,
      "cagr_3y_pct": 13.52362850794444
    },
    {
      "year": 2022,
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "export_value_usd": 118944771.23615631,
      "yoy_growth_pct": -4.6681327924962375,
      "cagr_3y_pct": 9.094168799554826
    },
    {
      "year": 2023,
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "export_value_usd": 100996017.94107638,
      "yoy_growth_pct": -15.089989335843923,
      "cagr_3y_pct": -1.5521637307792657
    },
    {
      "year": 2024,
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "export_value_usd": 118225313.07347699,
      "yoy_growth_pct": 17.059380640583875,
      "cagr_3y_pct": -1.7797416236016939
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "hs_code": "530500",
      "hs_description": "Coconut, abaca (Manila hemp or Musa textilis Nee), ramie and other vegetable textile fibres n.e.c., raw or processed but not spun: tow, noils and waste of these fibres (including yarn waste and garnetted stock)",
      "buyer_imports_latest_usd": 27957182.990712952,
      "current_below_peak_pct": 22.159865104069397,
      "lane_volatility_cv": 0.45860649284274346,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "hs_code": "380210",
      "hs_description": "Carbon: activated",
      "buyer_imports_latest_usd": 132097448.1171218,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.1539145345518684,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "hs_code": "271019",
      "hs_description": "",
      "buyer_imports_latest_usd": 5631815661.723692,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.3583094824652107,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "hs_code": "140490",
      "hs_description": "Vegetable products: n.e.s. in chapter 14",
      "buyer_imports_latest_usd": 45908904.331881635,
      "current_below_peak_pct": 12.371740190947929,
      "lane_volatility_cv": 0.530409664976063,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "hs_code": "401519",
      "hs_description": "Rubber: vulcanised (other than hard rubber), gloves other than surgical gloves",
      "buyer_imports_latest_usd": 121266752.6779166,
      "current_below_peak_pct": 36.949710778610076,
      "lane_volatility_cv": 0.7251478688184422,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "hs_code": "610990",
      "hs_description": "T-shirts, singlets and other vests: of textile materials (other than cotton), knitted or crocheted",
      "buyer_imports_latest_usd": 410352135.0471252,
      "current_below_peak_pct": 14.856551129244137,
      "lane_volatility_cv": 1.083932040683031,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "hs_code": "230230",
      "hs_description": "Bran, sharps and other residues: of wheat, whether or not in the form of pellets, derived from the sifting, milling or other workings thereof",
      "buyer_imports_latest_usd": 16376486.856374146,
      "current_below_peak_pct": 75.46944220396664,
      "lane_volatility_cv": 0.5677908992090176,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "hs_code": "401290",
      "hs_description": "Rubber: tyres n.e.c. in heading no. 4012",
      "buyer_imports_latest_usd": 11009935.227475055,
      "current_below_peak_pct": 49.77693364598337,
      "lane_volatility_cv": 0.9399443540536538,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "hs_code": "620433",
      "hs_description": "Jackets and blazers: women's or girls', of synthetic fibres (not knitted or crocheted)",
      "buyer_imports_latest_usd": 234437269.3804454,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.769416641390035,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "LKA",
      "importer_iso3": "KOR",
      "hs_code": "621210",
      "hs_description": "Brassieres: whether or not knitted or crocheted",
      "buyer_imports_latest_usd": 249774494.93693495,
      "current_below_peak_pct": 44.24228231341479,
      "lane_volatility_cv": 1.0207866183812762,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "LKA",
    "importer_iso3": "KOR",
    "distance_km": 5835,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "shares_ethnic_language": 0,
    "shared_religion": 0,
    "shared_legal_system": 0,
    "shared_colonial_history": 0,
    "has_fta": 0,
    "rta_coverage_ratio": 2,
    "exporter_is_wto": 1,
    "importer_is_wto": 1,
    "exporter_is_eu": 0,
    "importer_is_eu": 0,
    "importer_gdp_million_usd": 1798533.9150910003,
    "importer_gdp_per_capita_usd": 34757.71939879189,
    "importer_population": 51744.877,
    "importer_biz_entry_days": 8,
    "importer_biz_entry_cost_pct": 14.6,
    "exporter_gdp_million_usd": 84518.830393,
    "exporter_gdp_per_capita_usd": 3814.715219037733,
    "avg_applied_tariff_pct": 14.388403769898995,
    "avg_mfn_tariff_pct": 14.600262464040409,
    "avg_preferential_tariff_pct": 16.749381009090907,
    "tariff_advantage_pp": -2.149118545050499
  },
  "sourceAttribution": {
    "publisher": "OECD",
    "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D",
    "year": 2025,
    "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29)",
    "sourceUrl": "https://data-explorer.oecd.org/",
    "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0",
    "termsUrl": "https://www.oecd.org/termsandconditions/",
    "terms": "OECD Terms & Conditions",
    "accessed": "2026-08-29",
    "supportingSources": [
      {
        "publisher": "CEPII",
        "dataset": "BACI bilateral trade flows",
        "release": "202601",
        "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.",
        "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html",
        "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37",
        "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf",
        "license": "Etalab 2.0 Open Licence",
        "accessed": "2026-08-29"
      }
    ]
  },
  "links": {
    "canonical": "https://www.yugalinks.com/trade/corridor/LKA-KOR/risk",
    "html": "https://www.yugalinks.com/trade/corridor/LKA-KOR/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/LKA-KOR/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/LKA-KOR/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/LKA-KOR/risk/index.ld.json",
    "home": "https://www.yugalinks.com/",
    "tradeHub": "https://www.yugalinks.com/trade/",
    "dataSources": "https://www.yugalinks.com/data-sources",
    "methodology": "https://www.yugalinks.com/methodology",
    "workspace": "https://www.yugalinks.com/app/corridors",
    "contact": "https://www.yugalinks.com/contact",
    "email": "mailto:support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  }
}