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Pricing

2023
Flag → Flag
Exports $75.6kRnk 117 / 157
2023
Flag → Flag
Top Product $19.8kTwine and Rope
2023
Flag → Flag
Exports $5.83MRnk 90 / 200
2023
Flag → Flag
Top Product $691kTextile Footwear
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag  
GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
 GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
Flag
GDP GROWTH9.55%CURRENT US$
Rnk 157 / 195
2023
Flag
GDP PC $79,637CURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195
2023
Flag
GDP PC$3,828CURRENT US$
Rnk 132 / 196
2013-2023
Flag
GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195

About

Iceland-Sri Lanka Trade: In 2023, Iceland exported $75.6k to Sri Lanka. The main products that Iceland exported to Sri Lanka were Twine and Rope ($19.8k), Cleaning Products ($13.9k), and Surveying Equipment ($7.24k). Over the past 5 years the exports of Iceland to Sri Lanka have increased at an annualized rate of 49.4%, from $10.2k in 2018 to $75.6k in 2023.

In 2023, Iceland did not export any services to Sri Lanka.

Sri Lanka-Iceland Trade: In 2023, Sri Lanka exported $5.83M to Iceland. The main products that Sri Lanka exported to Iceland were Textile Footwear ($691k), Non-Knit Men's Suits ($564k), and Other Measuring Instruments ($486k). Over the past 5 years the exports of Sri Lanka to Iceland have increased at an annualized rate of 8.26%,  from $3.92M in 2018 to $5.83M in 2023.

In 2023, Sri Lanka did not export any services to Iceland.

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Iceland exported $75.6k to Sri Lanka. The main products exported from Iceland to Sri Lanka were Twine and Rope ($19.8k), Cleaning Products ($13.9k), and Surveying Equipment ($7.24k). During the last 5 years the exports of Iceland to Sri Lanka have increased at an annualized rate of 49.4%, from $10.2k in 2018 to $75.6k in 2023.

In 2018, Sri Lanka exported $5.83M to Iceland. The main products exported from Sri Lanka to Iceland were Textile Footwear ($691k), Non-Knit Men's Suits ($564k), and Other Measuring Instruments ($486k). During the last 5 years the exports of Sri Lanka to Iceland have increased at an annualized rate of 8.26%, from $3.92M in 2023 to $5.83M in 2018.

Exports from Iceland (Flag) to Sri Lanka (Flag) (2023)

Exports from Sri Lanka (Flag) to Iceland (Flag) (2023)

Latest Data

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

Iceland Exports

Sri Lanka Exports

Date

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Sri Lanka
Top DestinationUnited States$2.98B

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

In 2023, countries that imported more from Iceland than Sri Lanka included Netherlands ($1.97B), Norway ($444M), and Denmark ($228M).

In 2023, countries that imported more from Sri Lanka than Iceland included United States ($2.98B), India ($991M), and Italy ($653M).

Difference in imports from Sri Lanka (Flag) and Iceland (Flag) (2023)

Comparative Advantage Iceland - Sri Lanka

Flow
Scale

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

During 2023, Iceland had a large net trade with Sri Lanka in the exports of Textiles ($19.8k), Chemical Products ($19.3k), and Metals ($13.9k).

During 2018, Sri Lanka had a large net trade with Iceland in the exports of Textiles ($3.1M), Footwear and Headwear ($787k), and Instruments ($502k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Iceland and Sri Lanka. This means that a dot/product with the flag of Iceland 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 Iceland.

Product Space of Iceland (Flag) and Sri Lanka (Flag) (2023)

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