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2023
Flag → Flag
Exports $260MRnk 106 / 220
2023
Flag → Flag
Top Product $31.8MElectric Generating Sets
2023
Flag → Flag
Exports $906MRnk 3 / 200
2023
Flag → Flag
Top Product $68.6MNon-Knit Men's Suits
2023
Flag
Economic Complexity (ECI) ECI 1.79Rnk 5 / 132
2023
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Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
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GDP$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
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GDP GROWTH18.8%CURRENT US$
Rnk 144 / 195
2023
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 GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
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GDP GROWTH9.55%CURRENT US$
Rnk 157 / 195
2023
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GDP PC $54,343CURRENT US$
Rnk 21 / 195
2013-2023
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GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 195
2023
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GDP PC$3,828CURRENT US$
Rnk 132 / 196
2013-2023
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GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195

About

Germany-Sri Lanka Trade: In 2023, Germany exported $260M to Sri Lanka. The main products that Germany exported to Sri Lanka were Electric Generating Sets ($31.8M), Uncoated Paper ($9.86M), and Packaged Medicaments ($6.14M). Over the past 5 years the exports of Germany to Sri Lanka have decreased at an annualized rate of 8.54%, from $406M in 2018 to $260M in 2023.

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

Sri Lanka-Germany Trade: In 2023, Sri Lanka exported $906M to Germany. The main products that Sri Lanka exported to Germany were Non-Knit Men's Suits ($68.6M), Knit Gloves ($62.9M), and Used Rubber Tires ($52.5M). Over the past 5 years the exports of Sri Lanka to Germany have increased at an annualized rate of 1.29%,  from $838M in 2018 to $906M in 2023.

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

Comparison: In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T). That same year, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B).

Latest Trends

November, 2024

About

Overview In November 2024, Germany exported €16.7M and imported €76.9M from Sri Lanka, resulting in a negative trade balance of €60.2M. Between November 2023 and November 2024 the exports of Germany have increased by €1.88M (12.7%) from €14.8M to €16.7M, while imports increased by €10.9M (16.6%) from €65.9M to €76.9M.

Trade In November 2024, the top exports of Germany to Sri Lanka were Pharmaceutical products (€1.29M), Machinery for electricity production, distribution (€1.15M), Electronic devices (€1.14M), Fabrics of silk, man-made filament yarn (€945k), and Other articles of iron, iron sheet,... (€829k). In November 2024 the top imports of Germany from Sri Lanka were Apparel of knitted, crocheted silk, man-made... (€12.7M), Apparel of cotton, excl. of knitted... (€11.4M), Apparel of knitted or crocheted fabrics... (€10.9M), Articles of rubber (€7.98M), and Apparel of silk, man-made fibres, excl.... (€6.98M).

Origins In November 2024 the exports of Germany were mainly from North Rhine-Westphalia (€3.75M), Baden-Württemberg (€3.52M), Bavaria (€1.9M), Lower Saxony (€1.23M), and Saxony-Anhalt (€431k), while imports destinations were mainly North Rhine-Westphalia (€15.7M), Bavaria (€13.5M), Baden-Württemberg (€13.4M), Hamburg (€12.3M), and Hesse (€5.31M).

Growth In November 2024, the increase in Germany's year-by-year exports to Sri Lanka was explained primarily by an increase in product exports in Machinery for electricity production, distribution (€556k or 94.2%), Pharmaceutical products (€514k or 65.9%), and Woven, knitted or crocheted fabrics of... (€478k or 7.97k%). In November 2024, the increase in Germany's year-by-year imports  from Sri Lanka was explained primarily by an increase in product imports  in Apparel of cotton, excl. of knitted... (€3.07M or 36.7%), Apparel of silk, man-made fibres, excl.... (€1.8M or 34.7%), and Apparel of knitted, crocheted silk, man-made... (€1.63M or 14.7%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€1.88M(12.7%)
IMPORT GROWTH (November 2023 - November 2024)€10.9M(16.6%)
MAIN EXPORTER (November 2024)North Rhine-Westphalia€3.75M

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

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

For full datasets download visit Bulk Download page.

Explore Sri Lanka and Germany Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Germany exported $260M to Sri Lanka. The main products exported from Germany to Sri Lanka were Electric Generating Sets ($31.8M), Uncoated Paper ($9.86M), and Packaged Medicaments ($6.14M). During the last 5 years the exports of Germany to Sri Lanka have decreased at an annualized rate of 8.54%, from $406M in 2018 to $260M in 2023.

In 2018, Sri Lanka exported $906M to Germany. The main products exported from Sri Lanka to Germany were Non-Knit Men's Suits ($68.6M), Knit Gloves ($62.9M), and Used Rubber Tires ($52.5M). During the last 5 years the exports of Sri Lanka to Germany have increased at an annualized rate of 1.29%, from $838M in 2023 to $906M in 2018.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$157B
Sri Lanka
Top DestinationUnited States$2.98B

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

In 2023, countries that imported more from Germany than Sri Lanka included United States ($157B), France ($118B), and Netherlands ($108B).

In 2023, countries that imported more from Sri Lanka than Germany included Maldives ($168M), American Samoa ($702k), and Solomon Islands ($269k).

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

Comparative Advantage Germany - Sri Lanka

Flow
Scale

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

During 2023, Germany had a large net trade with Sri Lanka in the exports of Machines ($105M), Chemical Products ($36.9M), and Paper Goods ($18.7M).

During 2018, Sri Lanka had a large net trade with Germany in the exports of Textiles ($472M), Plastics and Rubbers ($106M), and Machines ($78.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Sri Lanka+$8.12MPackaged Medicaments
Top Product Potential Sri Lanka Germany+$29MNon-Knit Women's Suits

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

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

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