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Pricing

2022
Flag → Flag
Exports $19.3MRnk 95 / 208
2022
Flag → Flag
Top Product $4.63MLight Pure Woven Cotton
2022
Flag → Flag
Exports $23.7MRnk 60 / 194
2022
Flag → Flag
Top Product $11.2MKnit Gloves
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

Portugal-Sri Lanka Trade: In 2022, Portugal exported $19.3M to Sri Lanka. The main products that Portugal exported to Sri Lanka were Light Pure Woven Cotton ($4.63M), Heavy Pure Woven Cotton ($4.14M), and Kraft Paper ($1.42M). Over the past 5 years the exports of Portugal to Sri Lanka have increased at an annualized rate of 15.5%, from $9.41M in 2017 to $19.3M in 2022.

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

Sri Lanka-Portugal Trade: In 2022, Sri Lanka exported $23.7M to Portugal. The main products that Sri Lanka exported to Portugal were Knit Gloves ($11.2M), Coconuts, Brazil Nuts, and Cashews ($2.12M), and Coconut and Other Vegetable Fibers ($1.24M). Over the past 5 years the exports of Sri Lanka to Portugal have increased at an annualized rate of 14.8%,  from $11.9M in 2017 to $23.7M in 2022.

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

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Latest Trends

August, 2024

About

Overview In August 2024, Portugal exported €261k and imported €1.19M from Sri Lanka, resulting in a negative trade balance of €926k. Between August 2023 and August 2024 the exports of Portugal have decreased by €-554k (-68%) from €815k to €261k, while imports increased by €668k (129%) from €519k to €1.19M.

Trade In August 2024, the top exports of Portugal to Sri Lanka were Cotton (€1.96M), Beverages, spirits, & vinegar (€60.8k), Rubber & articles thereof (€42.1k), Paper articles (€27.1k), and Stone, plaster, cement, asbestos, mica. (€26.3k). In August 2024 the top imports of Portugal from Sri Lanka were Knitted clothing accesories (€985k), Tobacco & substitutes (€253k), Rubber & articles thereof (€209k), Edible fruits, nuts & fruit peels (€126k), and Fish, crustaceans, & molluscs (€124k).

Growth In August 2024, the decrease in Portugal's year-by-year exports to Sri Lanka was explained primarily by an decrease in product exports in Stone, plaster, cement, asbestos, mica. (€-118k or -81.8%), Machinery, mechanical appliances, & parts (€-67.7k or -98.4%), and Man-made filaments (€-49.6k or -95.9%). In August 2024, the increase in Portugal's year-by-year imports  from Sri Lanka was explained primarily by an increase in product imports  in Knitted clothing accesories (€335k or 51.4%), Non-knitted clothing accesories (€36.4k or 493%), and Man-made filaments (€11.6k or 22.6%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€-554k(-68%)
IMPORT GROWTH (August 2023 - August 2024)€668k(129%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Sri Lanka and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Sri Lanka and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $19.3M to Sri Lanka. The main products exported from Portugal to Sri Lanka were Light Pure Woven Cotton ($4.63M), Heavy Pure Woven Cotton ($4.14M), and Kraft Paper ($1.42M). During the last 5 years the exports of Portugal to Sri Lanka have increased at an annualized rate of 15.5%, from $9.41M in 2017 to $19.3M in 2022.

In 2017, Sri Lanka exported $23.7M to Portugal. The main products exported from Sri Lanka to Portugal were Knit Gloves ($11.2M), Coconuts, Brazil Nuts, and Cashews ($2.12M), and Coconut and Other Vegetable Fibers ($1.24M). During the last 5 years the exports of Sri Lanka to Portugal have increased at an annualized rate of 14.8%, from $11.9M in 2022 to $23.7M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Sri Lanka
Top DestinationUnited States$3.52B

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

In 2022, countries that imported more from Portugal than Sri Lanka included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2022, countries that imported more from Sri Lanka than Portugal included India ($1.12B), United Arab Emirates ($397M), and Bangladesh ($225M).

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

Comparative Advantage Portugal - Sri Lanka

Flow
Scale

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

During 2022, Portugal had a large net trade with Sri Lanka in the exports of Textiles ($9.2M), Machines ($2.04M), and Metals ($1.96M).

During 2017, Sri Lanka had a large net trade with Portugal in the exports of Textiles ($13.5M), Animal Products ($2.91M), and Vegetable Products ($2.48M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Sri Lanka+$731kIron Structures
Top Product Potential Sri Lanka Portugal+$800kNon-fillet Fresh Fish

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 Portugal and Sri Lanka. This means that a dot/product with the flag of Portugal indicates it has a comparative advantage over Sri Lanka. Similarly, a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over Portugal.

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

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