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Pricing

2022
Flag → Flag
Exports $66.9MRnk 125 / 222
2022
Flag → Flag
Top Product $14.1MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $327MRnk 9 / 194
2022
Flag → Flag
Top Product $31.7MKnit T-shirts
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
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GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC$3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

Belgium-Sri Lanka Trade: In 2022, Belgium exported $66.9M to Sri Lanka. The main products that Belgium exported to Sri Lanka were Vaccines, blood, antisera, toxins and cultures ($14.1M), Diamonds ($6.61M), and Raw Tobacco ($3M). Over the past 5 years the exports of Belgium to Sri Lanka have decreased at an annualized rate of 4.85%, from $85.8M in 2017 to $66.9M in 2022.

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

Sri Lanka-Belgium Trade: In 2022, Sri Lanka exported $327M to Belgium. The main products that Sri Lanka exported to Belgium were Knit T-shirts ($31.7M), Knit Women's Suits ($30.6M), and Used Rubber Tires ($29.1M). Over the past 5 years the exports of Sri Lanka to Belgium have decreased at an annualized rate of 0.66%,  from $338M in 2017 to $327M in 2022.

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

Comparison: In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €8.69M and imported €16.1M from Sri Lanka, resulting in a negative trade balance of €7.43M. Between July 2023 and July 2024 the exports of Belgium have increased by €4.94M (132%) from €3.75M to €8.69M, while imports increased by €4.91M (43.8%) from €11.2M to €16.1M.

Trade In July 2024, the top exports of Belgium to Sri Lanka were Precious stones, metals, & pearls (€636k), Optical, photo, & film equipment; medical... (€485k), Pharmaceutical products (€354k), Machinery, mechanical appliances, & parts (€224k), and Wood, wood articles, & charcoal (€185k). In July 2024 the top imports of Belgium from Sri Lanka were Rubber & articles thereof (€5.33M), Knitted clothing accesories (€3.01M), Non-knitted clothing accesories (€1.66M), Tobacco & substitutes (€1.31M), and Precious stones, metals, & pearls (€684k).

Growth In July 2024, the increase in Belgium's year-by-year exports to Sri Lanka was explained primarily by an increase in product exports in Optical, photo, & film equipment; medical... (€223k or 85.2%), Precious stones, metals, & pearls (€174k or 37.6%), and Wood, wood articles, & charcoal (€144k or 349%). In July 2024, the increase in Belgium's year-by-year imports  from Sri Lanka was explained primarily by an increase in product imports  in Rubber & articles thereof (€935k or 21.3%), Miscellaneous edible preparations (€39.4k or 25.6k%), and Machinery, mechanical appliances, & parts (€33.8k or 470%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€4.94M(132%)
IMPORT GROWTH (July 2023 - July 2024)€4.91M(43.8%)

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

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

For full datasets download visit Bulk Download page.

Explore Sri Lanka and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $66.9M to Sri Lanka. The main products exported from Belgium to Sri Lanka were Vaccines, blood, antisera, toxins and cultures ($14.1M), Diamonds ($6.61M), and Raw Tobacco ($3M). During the last 5 years the exports of Belgium to Sri Lanka have decreased at an annualized rate of 4.85%, from $85.8M in 2017 to $66.9M in 2022.

In 2017, Sri Lanka exported $327M to Belgium. The main products exported from Sri Lanka to Belgium were Knit T-shirts ($31.7M), Knit Women's Suits ($30.6M), and Used Rubber Tires ($29.1M). During the last 5 years the exports of Sri Lanka to Belgium have decreased at an annualized rate of 0.66%, from $338M in 2022 to $327M in 2017.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Sri Lanka
Top DestinationUnited States$3.52B

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

In 2022, countries that imported more from Belgium than Sri Lanka included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2022, countries that imported more from Sri Lanka than Belgium included Maldives ($128M), Syria ($36M), and Azerbaijan ($76M).

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

Comparative Advantage Belgium - Sri Lanka

Flow
Scale

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

During 2022, Belgium had a large net trade with Sri Lanka in the exports of Chemical Products ($23.2M), Machines ($7.68M), and Foodstuffs ($7.52M).

During 2017, Sri Lanka had a large net trade with Belgium in the exports of Textiles ($200M), Plastics and Rubbers ($61.7M), and Foodstuffs ($25.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Sri Lanka+$7.2MVaccines, blood, antisera, toxins and cultures
Top Product Potential Sri Lanka Belgium+$6.56MDiamonds

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 Belgium and Sri Lanka. This means that a dot/product with the flag of Belgium 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 Belgium.

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

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