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2022
Flag → Flag
Exports $662MRnk 5 / 194
2022
Flag → Flag
Top Product $150MOther Women's Undergarments
2022
Flag → Flag
Exports $268MRnk 97 / 221
2022
Flag → Flag
Top Product $74MLight Rubberized Knitted Fabric
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
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GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
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 GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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GDP PC $3,354CURRENT US$
Rnk 130 / 186
2012-2022
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GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186
2022
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GDP PC$34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Sri Lanka-Italy Trade: In 2022, Sri Lanka exported $662M to Italy. The main products that Sri Lanka exported to Italy were Other Women's Undergarments ($150M), Knit Women's Undergarments ($122M), and Knit Men's Undergarments ($52.6M). Over the past 5 years the exports of Sri Lanka to Italy have increased at an annualized rate of 5.85%, from $498M in 2017 to $662M in 2022.

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

Italy-Sri Lanka Trade: In 2022, Italy exported $268M to Sri Lanka. The main products that Italy exported to Sri Lanka were Light Rubberized Knitted Fabric ($74M), Non-Retail Synthetic Filament Yarn ($23.6M), and Narrow Woven Fabric ($18.3M). Over the past 5 years the exports of Italy to Sri Lanka have decreased at an annualized rate of 2.89%,  from $310M in 2017 to $268M in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $662M to Italy. The main products exported from Sri Lanka to Italy were Other Women's Undergarments ($150M), Knit Women's Undergarments ($122M), and Knit Men's Undergarments ($52.6M). During the last 5 years the exports of Sri Lanka to Italy have increased at an annualized rate of 5.85%, from $498M in 2017 to $662M in 2022.

In 2017, Italy exported $268M to Sri Lanka. The main products exported from Italy to Sri Lanka were Light Rubberized Knitted Fabric ($74M), Non-Retail Synthetic Filament Yarn ($23.6M), and Narrow Woven Fabric ($18.3M). During the last 5 years the exports of Italy to Sri Lanka have decreased at an annualized rate of 2.89%, from $310M in 2022 to $268M in 2017.

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

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

Latest Data

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

Sri Lanka Exports

Date

Italy Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Italy
Top DestinationGermany$78.5B

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

In 2022, countries that imported more from Sri Lanka than Italy included Maldives ($128M), Haiti ($29.5M), and Solomon Islands ($222k).

In 2022, countries that imported more from Italy than Sri Lanka included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

Comparative Advantage Sri Lanka - Italy

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Italy in the exports of Textiles ($497M), Plastics and Rubbers ($58.5M), and Animal Products ($30.2M).

During 2017, Italy had a large net trade with Sri Lanka in the exports of Textiles ($142M), Machines ($52M), and Foodstuffs ($13.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Italy+$14MKnit T-shirts
Top Product Potential Italy Sri Lanka+$2.24MVaccines, 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 Italy. This means that a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over Sri Lanka.

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

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