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Pricing

2023
Flag → Flag
Exports $906MRnk 3 / 200
2023
Flag → Flag
Top Product $68.6MNon-Knit Men's Suits
2023
Flag → Flag
Exports $260MRnk 106 / 220
2023
Flag → Flag
Top Product $31.8MElectric Generating Sets
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.79Rnk 5 / 132
2023
Flag  
GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
Flag
GDP GROWTH9.55%CURRENT US$
Rnk 157 / 195
2023
Flag
 GDP$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP GROWTH18.8%CURRENT US$
Rnk 144 / 195
2023
Flag
GDP PC $3,828CURRENT US$
Rnk 132 / 195
2013-2023
Flag
GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195
2023
Flag
GDP PC$54,343CURRENT US$
Rnk 21 / 196
2013-2023
Flag
GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 195

About

Sri Lanka-Germany Trade: In 2023, Sri Lanka exported $906M to Germany. The main products that Sri Lanka exported to Germany were Non-Knit Men's Suits ($68.6M), Knit Gloves ($62.9M), and Used Rubber Tires ($52.5M). Over the past 5 years the exports of Sri Lanka to Germany have increased at an annualized rate of 1.55%, from $838M in 2018 to $906M in 2023.

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

Germany-Sri Lanka Trade: In 2023, Germany exported $260M to Sri Lanka. The main products that Germany exported to Sri Lanka were Electric Generating Sets ($31.8M), Uncoated Paper ($9.86M), and Packaged Medicaments ($6.14M). Over the past 5 years the exports of Germany to Sri Lanka have decreased at an annualized rate of 8.54%,  from $406M in 2018 to $260M in 2023.

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

Comparison: In 2023,  Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B). That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sri Lanka exported $906M to Germany. The main products exported from Sri Lanka to Germany were Non-Knit Men's Suits ($68.6M), Knit Gloves ($62.9M), and Used Rubber Tires ($52.5M). During the last 5 years the exports of Sri Lanka to Germany have increased at an annualized rate of 1.55%, from $838M in 2018 to $906M in 2023.

In 2018, Germany exported $260M to Sri Lanka. The main products exported from Germany to Sri Lanka were Electric Generating Sets ($31.8M), Uncoated Paper ($9.86M), and Packaged Medicaments ($6.14M). During the last 5 years the exports of Germany to Sri Lanka have decreased at an annualized rate of 8.54%, from $406M in 2023 to $260M in 2018.

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

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

Latest Data

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

Sri Lanka Exports

Date

Germany Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$2.98B
Germany
Top DestinationUnited States$157B

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 2023, countries that imported more from Sri Lanka than Germany included Maldives ($168M), American Samoa ($702k), and Solomon Islands ($269k).

In 2023, countries that imported more from Germany than Sri Lanka included United States ($157B), France ($118B), and Netherlands ($108B).

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

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 2023, Sri Lanka had a large net trade with Germany in the exports of Textiles ($472M), Plastics and Rubbers ($106M), and Machines ($78.2M).

During 2018, Germany had a large net trade with Sri Lanka in the exports of Machines ($105M), Chemical Products ($36.9M), and Paper Goods ($18.7M).

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) (2023)

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