Sri Lanka (LKA) and Romania (ROU) Trade | The Observatory of Economic Complexity

About

Sri Lanka-Romania Trade: In 2023, Sri Lanka exported $16.4M to Romania. The main products that Sri Lanka exported to Romania were Low-voltage Protection Equipment ($2.37M), Used Rubber Tires ($2.3M), and Insulated Wire ($2.14M). Over the past 5 years the exports of Sri Lanka to Romania have increased at an annualized rate of 2.93%, from $14.2M in 2018 to $16.4M in 2023.

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

Romania-Sri Lanka Trade: In 2023, Romania exported $160M to Sri Lanka. The main products that Romania exported to Sri Lanka were Wheat ($157M), Rubber Tires ($362k), and Tulles and Net Fabric ($241k). Over the past 5 years the exports of Romania to Sri Lanka have increased at an annualized rate of 65.9%, from $12.7M in 2018 to $160M in 2023.

In 2023, Romania 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, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Sri Lanka exported $16.4M to Romania. The main products exported from Sri Lanka to Romania were Low-voltage Protection Equipment ($2.37M), Used Rubber Tires ($2.3M), and Insulated Wire ($2.14M). During the last 5 years the exports of Sri Lanka to Romania have increased at an annualized rate of 2.93%, from $14.2M in 2018 to $16.4M in 2023.

In 2018, Romania exported $160M to Sri Lanka. The main products exported from Romania to Sri Lanka were Wheat ($157M), Rubber Tires ($362k), and Tulles and Net Fabric ($241k). During the last 5 years the exports of Romania to Sri Lanka have increased at an annualized rate of 65.9%, from $12.7M in 2023 to $160M in 2018.

Exports from Sri Lanka () to Romania () (2023)

Exports from Romania () to Sri Lanka () (2023)

Latest Data

Trade between Sri Lanka () and Romania ()

Sri Lanka Exports

Date

Feb 2012

Jan 2012

undefined

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sri Lanka
Top DestinationUnited States$2.98B

Romania
Top DestinationGermany$19.9B

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

In 2023, countries that imported more from Sri Lanka than Romania included India ($991M), Maldives ($168M), and Hong Kong ($200M).

In 2023, countries that imported more from Romania than Sri Lanka included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

Difference in imports from Romania () and Sri Lanka () (2023)

Comparative Advantage Sri Lanka - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Sri Lanka had a large net trade with Romania in the exports of Machines ($8.56M), Plastics and Rubbers ($3.13M), and Textiles ($2.29M).

During 2018, Romania had a large net trade with Sri Lanka in the exports of Vegetable Products ($157M), Machines ($557k), and Plastics and Rubbers ($520k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Sri Lanka Romania+$1.53MLow-voltage Protection Equipment

Top Product Potential Romania Sri Lanka+$1.29MWheat

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Sri Lanka and Romania. This means that a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over Romania. Similarly, a dot/product with the flag of Romania indicates it has a comparative advantage over Sri Lanka.

About

Historical Data

Bilateral Trade by Products

Exports from Sri Lanka () to Romania () (2023)

Exports from Romania () to Sri Lanka () (2023)

Latest Data

Trade between Sri Lanka () and Romania ()

Sri Lanka Exports

Romania Exports

Market Competitiveness

Difference in imports from Romania () and Sri Lanka () (2023)

Comparative Advantage Sri Lanka - Romania

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Sri Lanka () and Romania () (2023)

Keep Exploring