2022
Flag  
GDP
$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH
135%CURRENT US$
Rnk 7 / 186
2022
Flag
 GDP
$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH
5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
GDP PC 
$104,039CURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP PC GROWTH
112%CURRENT US$
Rnk 7 / 186
2022
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GDP PC
$3,354CURRENT US$
Rnk 130 / 186
2012-2022
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GDP PC GROWTH
0.074%CURRENT US$
Rnk 141 / 186

About

Ireland-Sri Lanka Trade: In 2022, Ireland exported $13M to Sri Lanka. The main products that Ireland exported to Sri Lanka were Packaged Medicaments ($2.81M), Orthopedic Appliances ($2.6M), and Special Pharmaceuticals ($1.8M). Over the past 5 years the exports of Ireland to Sri Lanka have decreased at an annualized rate of 6.81%, from $18.5M in 2017 to $13M in 2022.

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

Sri Lanka-Ireland Trade: In 2022, Sri Lanka exported $110M to Ireland. The main products that Sri Lanka exported to Ireland were Coffee and Tea Extracts ($22M), Knit Babies' Garments ($16.7M), and Knit Women's Suits ($9.18M). Over the past 5 years the exports of Sri Lanka to Ireland have increased at an annualized rate of 15.6%,  from $53.3M in 2017 to $110M in 2022.

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

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). 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, Ireland exported $13M to Sri Lanka. The main products exported from Ireland to Sri Lanka were Packaged Medicaments ($2.81M), Orthopedic Appliances ($2.6M), and Special Pharmaceuticals ($1.8M). During the last 5 years the exports of Ireland to Sri Lanka have decreased at an annualized rate of 6.81%, from $18.5M in 2017 to $13M in 2022.

In 2017, Sri Lanka exported $110M to Ireland. The main products exported from Sri Lanka to Ireland were Coffee and Tea Extracts ($22M), Knit Babies' Garments ($16.7M), and Knit Women's Suits ($9.18M). During the last 5 years the exports of Sri Lanka to Ireland have increased at an annualized rate of 15.6%, from $53.3M in 2022 to $110M in 2017.

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

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

Market Competitiveness

Color
Ireland
Top Destination
United States$70.7B
Sri Lanka
Top Destination
United States$3.52B

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

In 2022, countries that imported more from Ireland than Sri Lanka included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

In 2022, countries that imported more from Sri Lanka than Ireland included Bangladesh ($225M), Maldives ($128M), and Azerbaijan ($76M).

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

Comparative Advantage Ireland - Sri Lanka

Flow
Scale

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

During 2022, Ireland had a large net trade with Sri Lanka in the exports of Chemical Products ($6.42M), Instruments ($2.9M), and Animal Products ($1.48M).

During 2017, Sri Lanka had a large net trade with Ireland in the exports of Textiles ($60.7M), Foodstuffs ($22.7M), and Plastics and Rubbers ($8.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Sri Lanka+$2.28MPackaged Medicaments
Top Product Potential Sri Lanka Ireland+$3.33MNon-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 Ireland and Sri Lanka. This means that a dot/product with the flag of Ireland 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 Ireland.

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

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