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2023
Flag → Flag
Exports $100MRnk 31 / 200
2023
Flag → Flag
Top Product $20.4MCoffee and Tea Extracts
2023
Flag → Flag
Exports $19.9MRnk 113 / 211
2023
Flag → Flag
Top Product $6.23MGas Turbines
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.31Rnk 17 / 132
2023
Flag  
GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
Flag
GDP GROWTH9.55%CURRENT US$
Rnk 157 / 195
2023
Flag
 GDP$551BCURRENT US$
Rnk 25 / 195
2013-2023
Flag
GDP GROWTH127%CURRENT US$
Rnk 7 / 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$103,888CURRENT US$
Rnk 4 / 196
2013-2023
Flag
GDP PC GROWTH97.4%CURRENT US$
Rnk 9 / 195

About

Sri Lanka-Ireland Trade: In 2023, Sri Lanka exported $100M to Ireland. The main products that Sri Lanka exported to Ireland were Coffee and Tea Extracts ($20.4M), Knit Babies' Garments ($16.9M), and Non-Knit Women's Suits ($4.71M). Over the past 5 years the exports of Sri Lanka to Ireland have increased at an annualized rate of 10.5%, from $61M in 2018 to $100M in 2023.

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

Ireland-Sri Lanka Trade: In 2023, Ireland exported $19.9M to Sri Lanka. The main products that Ireland exported to Sri Lanka were Gas Turbines ($6.23M), Orthopedic Appliances ($3.69M), and Packaged Medicaments ($3.26M). Over the past 5 years the exports of Ireland to Sri Lanka have increased at an annualized rate of 10.5%,  from $12.1M in 2018 to $19.9M in 2023.

In 2023, Ireland 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, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sri Lanka exported $100M to Ireland. The main products exported from Sri Lanka to Ireland were Coffee and Tea Extracts ($20.4M), Knit Babies' Garments ($16.9M), and Non-Knit Women's Suits ($4.71M). During the last 5 years the exports of Sri Lanka to Ireland have increased at an annualized rate of 10.5%, from $61M in 2018 to $100M in 2023.

In 2018, Ireland exported $19.9M to Sri Lanka. The main products exported from Ireland to Sri Lanka were Gas Turbines ($6.23M), Orthopedic Appliances ($3.69M), and Packaged Medicaments ($3.26M). During the last 5 years the exports of Ireland to Sri Lanka have increased at an annualized rate of 10.5%, from $12.1M in 2023 to $19.9M in 2018.

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

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

Latest Data

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

Sri Lanka Exports

Date

Ireland Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$2.98B
Ireland
Top DestinationUnited States$67.4B

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

In 2023, countries that imported more from Sri Lanka than Ireland included India ($991M), Maldives ($168M), and Bangladesh ($177M).

In 2023, countries that imported more from Ireland than Sri Lanka included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

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

Comparative Advantage Sri Lanka - Ireland

Flow
Scale

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

During 2023, Sri Lanka had a large net trade with Ireland in the exports of Textiles ($55.2M), Foodstuffs ($21.5M), and Machines ($6.52M).

During 2018, Ireland had a large net trade with Sri Lanka in the exports of Machines ($6.8M), Chemical Products ($6.49M), and Instruments ($4.52M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Ireland+$3.33MNon-Knit Women's Suits
Top Product Potential Ireland Sri Lanka+$2.28MPackaged 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 Ireland. This means that a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over Ireland. Similarly, a dot/product with the flag of Ireland indicates it has a comparative advantage over Sri Lanka.

Product Space of Sri Lanka (Flag) and Ireland (Flag) (2023)

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