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2022
Flag → Flag
Exports $881MRnk 4 / 194
2022
Flag → Flag
Top Product $67.3MNon-Knit Men's Suits
2022
Flag → Flag
Exports $302MRnk 98 / 223
2022
Flag → Flag
Top Product $19.5MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH15.5%CURRENT US$
Rnk 136 / 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$48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186

About

Sri Lanka-Germany Trade: In 2022, Sri Lanka exported $881M to Germany. The main products that Sri Lanka exported to Germany were Non-Knit Men's Suits ($67.3M), Used Rubber Tires ($57.9M), and Knit Gloves ($56.6M). Over the past 5 years the exports of Sri Lanka to Germany have increased at an annualized rate of 7.55%, from $612M in 2017 to $881M in 2022.

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

Germany-Sri Lanka Trade: In 2022, Germany exported $302M to Sri Lanka. The main products that Germany exported to Sri Lanka were Packaged Medicaments ($19.5M), Electric Generating Sets ($18.6M), and Vaccines, blood, antisera, toxins and cultures ($18.4M). Over the past 5 years the exports of Germany to Sri Lanka have decreased at an annualized rate of 14.4%,  from $658M in 2017 to $302M in 2022.

In 2022, Germany 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, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $881M to Germany. The main products exported from Sri Lanka to Germany were Non-Knit Men's Suits ($67.3M), Used Rubber Tires ($57.9M), and Knit Gloves ($56.6M). During the last 5 years the exports of Sri Lanka to Germany have increased at an annualized rate of 7.55%, from $612M in 2017 to $881M in 2022.

In 2017, Germany exported $302M to Sri Lanka. The main products exported from Germany to Sri Lanka were Packaged Medicaments ($19.5M), Electric Generating Sets ($18.6M), and Vaccines, blood, antisera, toxins and cultures ($18.4M). During the last 5 years the exports of Germany to Sri Lanka have decreased at an annualized rate of 14.4%, from $658M in 2022 to $302M in 2017.

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

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

Latest Data

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

Sri Lanka Exports

Date

Germany Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Germany
Top DestinationUnited States$153B

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

In 2022, countries that imported more from Sri Lanka than Germany included Maldives ($128M), Haiti ($29.5M), and American Samoa ($622k).

In 2022, countries that imported more from Germany than Sri Lanka included United States ($153B), France ($120B), and China ($109B).

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

Comparative Advantage Sri Lanka - Germany

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Germany in the exports of Textiles ($431M), Plastics and Rubbers ($121M), and Machines ($68.3M).

During 2017, Germany had a large net trade with Sri Lanka in the exports of Machines ($117M), Chemical Products ($77.3M), and Textiles ($20.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Germany+$29MNon-Knit Women's Suits
Top Product Potential Germany Sri Lanka+$8.12MPackaged Medicaments

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

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

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