New 50% OFF discount for academic accounts !
New 2022 ECI Rankings !
New Company Reports !
New Product Data Download Page !
Sign In
Pricing

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
Flag
Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
Flag
Economic Complexity (ECI) ECI -0.42Rnk 80 / 124
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC$3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

Italy-Sri Lanka In 2022, Italy exported $268M to Sri Lanka. The main products that Italy exported to Sri Lanka are Light Rubberized Knitted Fabric ($74M), Non-Retail Synthetic Filament Yarn ($23.6M), and Narrow Woven Fabric ($18.3M). During the last 27 years the exports of Italy to Sri Lanka have increased at an annualized rate of 5.43%, from $64.1M in 1995 to $268M in 2022.

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

Sri Lanka-Italy 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). During the last 27 years the exports of Sri Lanka to Italy have increased at an annualized rate of 8.62%, from $71M in 1995 to $662M in 2022.

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

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B). That same year, Sri Lanka ranked 80 in the Economic Complexity Index (ECI -0.42), and 89 in total exports ($14.8B).

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €8.7M and imported €34.3M from Sri Lanka, resulting in a negative trade balance of €25.6M. Between December 2022 and December 2023 the exports of Italy have increased by €245k (2.89%) from €8.46M to €8.7M, while imports decreased by €-5.72M (-14.3%) from €40M to €34.3M.

Trade In December 2023, the top exports of Italy to Sri Lanka were Knitted or crocheted fabrics of a... (€3.25M), Non-Retail Synthetic Filament Yarn (€1.41M), Other knitted or crocheted fabrics. (€1.13M), Cranes (€1.08M), and Heavy Pure Woven Cotton (€330k). In December 2023 the top imports of Italy from Sri Lanka were Other Women's Undergarments (€10.7M), Knit Women's Undergarments (€9.19M), Non-Knit Women's Undergarments (€3.65M), Knit T-shirts (€3.52M), and Knit Men's Undergarments (€2.85M).

Growth In December 2023, the increase in Italy's year-by-year exports to Sri Lanka was explained primarily by an increase in product exports in Heavy Pure Woven Cotton (€318k or 2.72k%), Knitted or crocheted fabrics of a... (€254k or 8.49%), and Heavy Mixed Woven Cotton (€30.7k or 2.9k%). In December 2023, the decrease in Italy's year-by-year imports  from Sri Lanka was explained primarily by an decrease in product imports  in Rubber Apparel (€-860k or -60.5%), Fish Fillets (€-636k or -23.9%), and Rubber (€-485k or -82.4%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€245k(2.89%)
IMPORT GROWTH (December 2022 - December 2023)€-5.72M(-14.3%)

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

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

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 27 years the exports of Italy to Sri Lanka have increased at an annualized rate of 5.43%, from $64.1M in 1995 to $268M in 2022.

In 2022, 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 27 years the exports of Sri Lanka to Italy have increased at an annualized rate of 8.62%, from $71M in 1995 to $662M in 2022.

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 2021, countries that imported more from Italy than Sri Lanka were Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2021, countries that imported more from Sri Lanka than Italy were 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 2022, 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).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Sri Lanka. Similarly, the more yellow a dot/product is, the more Sri Lanka has comparative advantage over Italy.

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms