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Pricing

2022
Flag → Flag
Exports $327MRnk 9 / 194
2022
Flag → Flag
Top Product $31.7MKnit T-shirts
2022
Flag → Flag
Exports $66.9MRnk 125 / 222
2022
Flag → Flag
Top Product $14.1MVaccines, blood, antisera, toxins and cultures
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC $3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Sri Lanka-Belgium Trade: In 2022, Sri Lanka exported $327M to Belgium. The main products that Sri Lanka exported to Belgium were Knit T-shirts ($31.7M), Knit Women's Suits ($30.6M), and Used Rubber Tires ($29.1M). Over the past 5 years the exports of Sri Lanka to Belgium have decreased at an annualized rate of 0.66%, from $338M in 2017 to $327M in 2022.

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

Belgium-Sri Lanka Trade: In 2022, Belgium exported $66.9M to Sri Lanka. The main products that Belgium exported to Sri Lanka were Vaccines, blood, antisera, toxins and cultures ($14.1M), Diamonds ($6.61M), and Raw Tobacco ($3M). Over the past 5 years the exports of Belgium to Sri Lanka have decreased at an annualized rate of 4.06%,  from $85.8M in 2017 to $66.9M in 2022.

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

Comparison: In 2022,  Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B). That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $327M to Belgium. The main products exported from Sri Lanka to Belgium were Knit T-shirts ($31.7M), Knit Women's Suits ($30.6M), and Used Rubber Tires ($29.1M). During the last 5 years the exports of Sri Lanka to Belgium have decreased at an annualized rate of 0.66%, from $338M in 2017 to $327M in 2022.

In 2017, Belgium exported $66.9M to Sri Lanka. The main products exported from Belgium to Sri Lanka were Vaccines, blood, antisera, toxins and cultures ($14.1M), Diamonds ($6.61M), and Raw Tobacco ($3M). During the last 5 years the exports of Belgium to Sri Lanka have decreased at an annualized rate of 4.06%, from $85.8M in 2022 to $66.9M in 2017.

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

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

Latest Data

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

Sri Lanka Exports

Date

Belgium Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Belgium
Top DestinationGermany$91.9B

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

In 2022, countries that imported more from Sri Lanka than Belgium included Maldives ($128M), Syria ($36M), and Azerbaijan ($76M).

In 2022, countries that imported more from Belgium than Sri Lanka included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

Comparative Advantage Sri Lanka - Belgium

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Belgium in the exports of Textiles ($200M), Plastics and Rubbers ($61.7M), and Foodstuffs ($25.6M).

During 2017, Belgium had a large net trade with Sri Lanka in the exports of Chemical Products ($23.2M), Machines ($7.68M), and Foodstuffs ($7.52M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Belgium+$6.56MDiamonds
Top Product Potential Belgium Sri Lanka+$7.2MVaccines, blood, antisera, toxins and cultures

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 Sri Lanka and Belgium. This means that a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over Sri Lanka.

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

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