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2022
Flag → Flag
Exports $163MRnk 21 / 194
2022
Flag → Flag
Top Product $12.1MKnit Women's Suits
2022
Flag → Flag
Exports $104MRnk 107 / 218
2022
Flag → Flag
Top Product $42.1MAudio Alarms
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 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$29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186

About

Sri Lanka-Spain Trade: In 2022, Sri Lanka exported $163M to Spain. The main products that Sri Lanka exported to Spain were Knit Women's Suits ($12.1M), Knit Babies' Garments ($10.9M), and Raw Tobacco ($9.7M). Over the past 5 years the exports of Sri Lanka to Spain have increased at an annualized rate of 9.76%, from $102M in 2017 to $163M in 2022.

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

Spain-Sri Lanka Trade: In 2022, Spain exported $104M to Sri Lanka. The main products that Spain exported to Sri Lanka were Audio Alarms ($42.1M), Prepared Pigments ($8.96M), and Iron Nails ($4.56M). Over the past 5 years the exports of Spain to Sri Lanka have increased at an annualized rate of 1.2%,  from $97.9M in 2017 to $104M in 2022.

In 2022, Spain 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $163M to Spain. The main products exported from Sri Lanka to Spain were Knit Women's Suits ($12.1M), Knit Babies' Garments ($10.9M), and Raw Tobacco ($9.7M). During the last 5 years the exports of Sri Lanka to Spain have increased at an annualized rate of 9.76%, from $102M in 2017 to $163M in 2022.

In 2017, Spain exported $104M to Sri Lanka. The main products exported from Spain to Sri Lanka were Audio Alarms ($42.1M), Prepared Pigments ($8.96M), and Iron Nails ($4.56M). During the last 5 years the exports of Spain to Sri Lanka have increased at an annualized rate of 1.2%, from $97.9M in 2022 to $104M in 2017.

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

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

Latest Data

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

Sri Lanka Exports

Date

Spain Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Spain
Top DestinationFrance$65.2B

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

In 2022, countries that imported more from Sri Lanka than Spain included Maldives ($128M), Bangladesh ($225M), and Haiti ($29.5M).

In 2022, countries that imported more from Spain than Sri Lanka included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

Comparative Advantage Sri Lanka - Spain

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Spain in the exports of Textiles ($83.1M), Foodstuffs ($19.8M), and Plastics and Rubbers ($15.5M).

During 2017, Spain had a large net trade with Sri Lanka in the exports of Machines ($51.7M), Chemical Products ($15.4M), and Textiles ($10.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Spain+$12.7MKnit T-shirts
Top Product Potential Spain Sri Lanka+$2.46MPackaged 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 Spain. This means that a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over Sri Lanka.

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

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