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2022
Flag → Flag
Exports $302MRnk 98 / 223
2022
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Top Product $19.5MPackaged Medicaments
2022
Flag → Flag
Exports $881MRnk 4 / 194
2022
Flag → Flag
Top Product $67.3MNon-Knit Men's Suits
2022
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Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
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Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
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GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
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GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
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 GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
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GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
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GDP PC $48,432CURRENT US$
Rnk 21 / 186
2012-2022
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GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186
2022
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GDP PC$3,354CURRENT US$
Rnk 130 / 186
2012-2022
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GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

Germany-Sri Lanka Trade: In 2022, Germany exported $302M to Sri Lanka. The main products that Germany exported to Sri Lanka were Packaged Medicaments ($19.5M), Electric Generating Sets ($18.6M), and Vaccines, blood, antisera, toxins and cultures ($18.4M). Over the past 5 years the exports of Germany to Sri Lanka have decreased at an annualized rate of 14.4%, from $658M in 2017 to $302M in 2022.

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

Sri Lanka-Germany Trade: In 2022, Sri Lanka exported $881M to Germany. The main products that Sri Lanka exported to Germany were Non-Knit Men's Suits ($67.3M), Used Rubber Tires ($57.9M), and Knit Gloves ($56.6M). Over the past 5 years the exports of Sri Lanka to Germany have increased at an annualized rate of 7.55%,  from $612M in 2017 to $881M in 2022.

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

Comparison: In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). That same year, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Latest Trends

August, 2024

About

Overview In August 2024, Germany exported €13.8M and imported €73.4M from Sri Lanka, resulting in a negative trade balance of €59.6M. Between August 2023 and August 2024 the exports of Germany have decreased by €-3.37M (-19.6%) from €17.2M to €13.8M, while imports decreased by €-1.14M (-1.54%) from €74.5M to €73.4M.

Trade In August 2024, the top exports of Germany to Sri Lanka were Pharmaceutical products (€1.29M), Machinery for electricity production, distribution (€1.15M), Electronic devices (€1.14M), Fabrics of silk, man-made filament yarn (€945k), and Other articles of iron, iron sheet,... (€829k). In August 2024 the top imports of Germany from Sri Lanka were Apparel of knitted, crocheted silk, man-made... (€12.7M), Apparel of cotton, excl. of knitted... (€11.4M), Apparel of knitted or crocheted fabrics... (€10.9M), Articles of rubber (€7.98M), and Apparel of silk, man-made fibres, excl.... (€6.98M).

Origins In August 2024 the exports of Germany were mainly from Baden-Württemberg (€2.8M), North Rhine-Westphalia (€2.16M), Hesse (€1.17M), Bavaria (€1.14M), and Lower Saxony (€1.08M), while imports destinations were mainly North Rhine-Westphalia (€19.6M), Baden-Württemberg (€13.5M), Bavaria (€10M), Hamburg (€7.72M), and Hesse (€5.29M).

Growth In August 2024, the decrease in Germany's year-by-year exports to Sri Lanka was explained primarily by an decrease in product exports in Other machinery (€-1.14M or -76.4%), Medical, surgical equipment, orthopaedic apparatus (€-669k or -72.7%), and Taps, cocks and valves (€-518k or -83%). In August 2024, the decrease in Germany's year-by-year imports  from Sri Lanka was explained primarily by an decrease in product imports  in Articles of rubber (€-6.57M or -45.2%), Apparel of knitted or crocheted fabrics... (€-2.08M or -16.1%), and Other food of vegetable origin (€-1.58M or -42.5%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€-3.37M(-19.6%)
IMPORT GROWTH (August 2023 - August 2024)€-1.14M(-1.54%)
MAIN EXPORTER (August 2024)Baden-Württemberg€2.8M

This section shows exports and imports data at subnational level for Germany. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Germany over time.

To check Sri Lanka and Germany trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Sri Lanka and Germany Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $302M to Sri Lanka. The main products exported from Germany to Sri Lanka were Packaged Medicaments ($19.5M), Electric Generating Sets ($18.6M), and Vaccines, blood, antisera, toxins and cultures ($18.4M). During the last 5 years the exports of Germany to Sri Lanka have decreased at an annualized rate of 14.4%, from $658M in 2017 to $302M in 2022.

In 2017, Sri Lanka exported $881M to Germany. The main products exported from Sri Lanka to Germany were Non-Knit Men's Suits ($67.3M), Used Rubber Tires ($57.9M), and Knit Gloves ($56.6M). During the last 5 years the exports of Sri Lanka to Germany have increased at an annualized rate of 7.55%, from $612M in 2022 to $881M in 2017.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$153B
Sri Lanka
Top DestinationUnited States$3.52B

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

In 2022, countries that imported more from Germany than Sri Lanka included United States ($153B), France ($120B), and China ($109B).

In 2022, countries that imported more from Sri Lanka than Germany included Maldives ($128M), Haiti ($29.5M), and American Samoa ($622k).

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

Comparative Advantage Germany - Sri Lanka

Flow
Scale

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

During 2022, Germany had a large net trade with Sri Lanka in the exports of Machines ($117M), Chemical Products ($77.3M), and Textiles ($20.8M).

During 2017, Sri Lanka had a large net trade with Germany in the exports of Textiles ($431M), Plastics and Rubbers ($121M), and Machines ($68.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Sri Lanka+$8.12MPackaged Medicaments
Top Product Potential Sri Lanka Germany+$29MNon-Knit Women's Suits

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

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

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