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2023
Flag → Flag
Exports $36.7MRnk 96 / 217
2023
Flag → Flag
Top Product $3.79MCasein
2023
Flag → Flag
Exports $26.2MRnk 58 / 200
2023
Flag → Flag
Top Product $4.36MOther Rubber Products
2023
Flag
Economic Complexity (ECI) ECI 1.13Rnk 22 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag  
GDP$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
 GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
Flag
GDP GROWTH9.55%CURRENT US$
Rnk 157 / 195
2023
Flag
GDP PC $68,454CURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP PC GROWTH11.5%CURRENT US$
Rnk 129 / 195
2023
Flag
GDP PC$3,828CURRENT US$
Rnk 132 / 196
2013-2023
Flag
GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195

About

Denmark-Sri Lanka Trade: In 2023, Denmark exported $36.7M to Sri Lanka. The main products that Denmark exported to Sri Lanka were Casein ($3.79M), Other Edible Preparations ($3.63M), and Washing and Bottling Machines ($2.9M). Over the past 5 years the exports of Denmark to Sri Lanka have increased at an annualized rate of 2.3%, from $32.7M in 2018 to $36.7M in 2023.

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

Sri Lanka-Denmark Trade: In 2023, Sri Lanka exported $26.2M to Denmark. The main products that Sri Lanka exported to Denmark were Other Rubber Products ($4.36M), Washing and Bottling Machines ($2.91M), and Other Processed Fruits and Nuts ($2.31M). Over the past 5 years the exports of Sri Lanka to Denmark have decreased at an annualized rate of 3.44%,  from $31.2M in 2018 to $26.2M in 2023.

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

Comparison: In 2023,  Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B). That same year, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Denmark exported $36.7M to Sri Lanka. The main products exported from Denmark to Sri Lanka were Casein ($3.79M), Other Edible Preparations ($3.63M), and Washing and Bottling Machines ($2.9M). During the last 5 years the exports of Denmark to Sri Lanka have increased at an annualized rate of 2.3%, from $32.7M in 2018 to $36.7M in 2023.

In 2018, Sri Lanka exported $26.2M to Denmark. The main products exported from Sri Lanka to Denmark were Other Rubber Products ($4.36M), Washing and Bottling Machines ($2.91M), and Other Processed Fruits and Nuts ($2.31M). During the last 5 years the exports of Sri Lanka to Denmark have decreased at an annualized rate of 3.44%, from $31.2M in 2023 to $26.2M in 2018.

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

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

Latest Data

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

Denmark Exports

Sri Lanka Exports

Date

Market Competitiveness

Color
Denmark
Top DestinationGermany$14.8B
Sri Lanka
Top DestinationUnited States$2.98B

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 2023, countries that imported more from Denmark than Sri Lanka included Germany ($14.8B), Sweden ($11.2B), and United States ($12B).

In 2023, countries that imported more from Sri Lanka than Denmark included Maldives ($168M), India ($991M), and Bangladesh ($177M).

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

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 2023, Denmark had a large net trade with Sri Lanka in the exports of Machines ($9.75M), Chemical Products ($9.14M), and Foodstuffs ($4.55M).

During 2018, Sri Lanka had a large net trade with Denmark in the exports of Machines ($5.82M), Plastics and Rubbers ($5.8M), and Foodstuffs ($4.25M).

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) (2023)

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