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2022
Flag → Flag
Exports $268MRnk 97 / 221
2022
Flag → Flag
Top Product $74MLight Rubberized Knitted Fabric
2022
Flag → Flag
Exports $662MRnk 5 / 194
2022
Flag → Flag
Top Product $150MOther Women's Undergarments
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 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 $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 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

Italy-Sri Lanka Trade: In 2022, Italy exported $268M to Sri Lanka. The main products that Italy exported to Sri Lanka were Light Rubberized Knitted Fabric ($74M), Non-Retail Synthetic Filament Yarn ($23.6M), and Narrow Woven Fabric ($18.3M). Over the past 5 years the exports of Italy to Sri Lanka have decreased at an annualized rate of 2.89%, from $310M in 2017 to $268M in 2022.

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

Sri Lanka-Italy Trade: In 2022, Sri Lanka exported $662M to Italy. The main products that Sri Lanka exported to Italy were Other Women's Undergarments ($150M), Knit Women's Undergarments ($122M), and Knit Men's Undergarments ($52.6M). Over the past 5 years the exports of Sri Lanka to Italy have increased at an annualized rate of 5.85%,  from $498M in 2017 to $662M in 2022.

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

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Latest Trends

July, 2024

About

Overview In July 2024, Italy exported €15.6M and imported €21.7M from Sri Lanka, resulting in a negative trade balance of €6.11M. Between July 2023 and July 2024 the exports of Italy have increased by €6.84M (78.1%) from €8.75M to €15.6M, while imports decreased by €-25.6M (-54.1%) from €47.3M to €21.7M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€6.84M(78.1%)
IMPORT GROWTH (July 2023 - July 2024)€-25.6M(-54.1%)

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

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

For full datasets download visit Bulk Download page.

Explore Sri Lanka and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $268M to Sri Lanka. The main products exported from Italy to Sri Lanka were Light Rubberized Knitted Fabric ($74M), Non-Retail Synthetic Filament Yarn ($23.6M), and Narrow Woven Fabric ($18.3M). During the last 5 years the exports of Italy to Sri Lanka have decreased at an annualized rate of 2.89%, from $310M in 2017 to $268M in 2022.

In 2017, Sri Lanka exported $662M to Italy. The main products exported from Sri Lanka to Italy were Other Women's Undergarments ($150M), Knit Women's Undergarments ($122M), and Knit Men's Undergarments ($52.6M). During the last 5 years the exports of Sri Lanka to Italy have increased at an annualized rate of 5.85%, from $498M in 2022 to $662M in 2017.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Sri Lanka
Top DestinationUnited States$3.52B

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

In 2022, countries that imported more from Italy than Sri Lanka included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, countries that imported more from Sri Lanka than Italy included Maldives ($128M), Haiti ($29.5M), and Solomon Islands ($222k).

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

Comparative Advantage Italy - Sri Lanka

Flow
Scale

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

During 2022, Italy had a large net trade with Sri Lanka in the exports of Textiles ($142M), Machines ($52M), and Foodstuffs ($13.2M).

During 2017, Sri Lanka had a large net trade with Italy in the exports of Textiles ($497M), Plastics and Rubbers ($58.5M), and Animal Products ($30.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Sri Lanka+$2.24MVaccines, blood, antisera, toxins and cultures
Top Product Potential Sri Lanka Italy+$14MKnit T-shirts

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

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

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