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2022
Flag → Flag
Exports $33.8MRnk 96 / 218
2022
Flag → Flag
Top Product $2.78MPackaged Medicaments
2022
Flag → Flag
Exports $26MRnk 58 / 194
2022
Flag → Flag
Top Product $4.22MWashing and Bottling Machines
2022
Flag
Economic Complexity (ECI) ECI 1.01Rnk 27 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag  
GDP$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH20.9%CURRENT US$
Rnk 120 / 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 $66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186
2022
Flag
GDP PC$3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

Denmark-Sri Lanka Trade: In 2022, Denmark exported $33.8M to Sri Lanka. The main products that Denmark exported to Sri Lanka were Packaged Medicaments ($2.78M), Concentrated Milk ($2.63M), and Other Edible Preparations ($2.4M). Over the past 5 years the exports of Denmark to Sri Lanka have decreased at an annualized rate of 6.49%, from $47.2M in 2017 to $33.8M in 2022.

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

Sri Lanka-Denmark Trade: In 2022, Sri Lanka exported $26M to Denmark. The main products that Sri Lanka exported to Denmark were Washing and Bottling Machines ($4.22M), Tea ($2.6M), and Electrical Power Accessories ($2.11M). Over the past 5 years the exports of Sri Lanka to Denmark have decreased at an annualized rate of 7.79%,  from $39M in 2017 to $26M in 2022.

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

Comparison: In 2022,  Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B). That same year, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Denmark exported $33.8M to Sri Lanka. The main products exported from Denmark to Sri Lanka were Packaged Medicaments ($2.78M), Concentrated Milk ($2.63M), and Other Edible Preparations ($2.4M). During the last 5 years the exports of Denmark to Sri Lanka have decreased at an annualized rate of 6.49%, from $47.2M in 2017 to $33.8M in 2022.

In 2017, Sri Lanka exported $26M to Denmark. The main products exported from Sri Lanka to Denmark were Washing and Bottling Machines ($4.22M), Tea ($2.6M), and Electrical Power Accessories ($2.11M). During the last 5 years the exports of Sri Lanka to Denmark have decreased at an annualized rate of 7.79%, from $39M in 2022 to $26M in 2017.

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

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

Latest Data

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

Denmark Exports

Sri Lanka Exports

Date

Market Competitiveness

Color
Denmark
Top DestinationGermany$18.9B
Sri Lanka
Top DestinationUnited States$3.52B

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

In 2022, countries that imported more from Denmark than Sri Lanka included Germany ($18.9B), Sweden ($11.6B), and United States ($13.1B).

In 2022, countries that imported more from Sri Lanka than Denmark included India ($1.12B), Maldives ($128M), and Iraq ($164M).

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

Comparative Advantage Denmark - Sri Lanka

Flow
Scale

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

During 2022, Denmark had a large net trade with Sri Lanka in the exports of Machines ($12.5M), Chemical Products ($7.64M), and Animal Products ($3.82M).

During 2017, Sri Lanka had a large net trade with Denmark in the exports of Machines ($8.11M), Vegetable Products ($4.39M), and Textiles ($2.82M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Sri Lanka+$820kVaccines, blood, antisera, toxins and cultures
Top Product Potential Sri Lanka Denmark+$1.17MOther Edible Preparations

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

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

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