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2023
Flag → Flag
Exports $97.5MRnk 114 / 220
2023
Flag → Flag
Top Product $38.7MAudio Alarms
2023
Flag → Flag
Exports $233MRnk 14 / 200
2023
Flag → Flag
Top Product $27.9MOther Women's Undergarments
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 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 $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 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

Spain-Sri Lanka Trade: In 2023, Spain exported $97.5M to Sri Lanka. The main products that Spain exported to Sri Lanka were Audio Alarms ($38.7M), Prepared Pigments ($10.1M), and Woven Fabric of Synthetic Staple Fibers ($5.47M). Over the past 5 years the exports of Spain to Sri Lanka have increased at an annualized rate of 6.99%, from $69.6M in 2018 to $97.5M in 2023.

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

Sri Lanka-Spain Trade: In 2023, Sri Lanka exported $233M to Spain. The main products that Sri Lanka exported to Spain were Other Women's Undergarments ($27.9M), Knit Women's Undergarments ($20.9M), and Raw Tobacco ($16.5M). Over the past 5 years the exports of Sri Lanka to Spain have increased at an annualized rate of 11.7%,  from $134M in 2018 to $233M in 2023.

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

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). 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, Spain exported €3.93M and imported €21.7M from Sri Lanka, resulting in a negative trade balance of €17.8M. Between November 2023 and November 2024 the exports of Spain have increased by €1.06M (36.9%) from €2.87M to €3.93M, while imports decreased by €-1.73M (-7.4%) from €23.5M to €21.7M.

Trade In November 2024, the top exports of Spain to Sri Lanka were Audio Alarms (€1.31M), Iron Nails (€546k), Washing and Bottling Machines (€402k), Prepared Pigments (€331k), and Machinery Having Individual Functions (€256k). In November 2024 the top imports of Spain from Sri Lanka were Knit T-shirts (€2.08M), Knit Women's Suits (€1.45M), Knit Men's Undergarments (€1.16M), Knit Sweaters (€1.11M), and Knit Babies' Garments (€1.1M).

Origins In November 2024 the exports of Spain were mainly from Barcelona (€1.96M), Cantabria (Santander) (€535k), Valencia (€336k), Castellón (€275k), and Álava (€170k), while imports destinations were mainly Barcelona (€5.3M), Madrid (€4.15M), and Valencia (€1.82M).

Growth In November 2024, the increase in Spain's year-by-year exports to Sri Lanka was explained primarily by an increase in product exports in Washing and Bottling Machines (€396k or 6.53k%), Machinery Having Individual Functions (€251k or 4.37k%), and Scented Mixtures (€167k or 7.87k%). In November 2024, the decrease in Spain's year-by-year imports  from Sri Lanka was explained primarily by an decrease in product imports  in Knit Men's Undergarments (€-728k or -38.5%), Rubber Apparel (€-533k or -74.1%), and Knit Women's Undergarments (€-491k or -38.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€1.06M(36.9%)
IMPORT GROWTH (November 2023 - November 2024)€-1.73M(-7.4%)
MAIN EXPORTER (November 2024)Barcelona€1.96M

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

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

For full datasets download visit Bulk Download page.

Explore Sri Lanka and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $97.5M to Sri Lanka. The main products exported from Spain to Sri Lanka were Audio Alarms ($38.7M), Prepared Pigments ($10.1M), and Woven Fabric of Synthetic Staple Fibers ($5.47M). During the last 5 years the exports of Spain to Sri Lanka have increased at an annualized rate of 6.99%, from $69.6M in 2018 to $97.5M in 2023.

In 2018, Sri Lanka exported $233M to Spain. The main products exported from Sri Lanka to Spain were Other Women's Undergarments ($27.9M), Knit Women's Undergarments ($20.9M), and Raw Tobacco ($16.5M). During the last 5 years the exports of Sri Lanka to Spain have increased at an annualized rate of 11.7%, from $134M in 2023 to $233M in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Sri Lanka
Top DestinationUnited States$2.98B

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

In 2023, countries that imported more from Spain than Sri Lanka included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

In 2023, countries that imported more from Sri Lanka than Spain included Maldives ($168M), Syria ($43.4M), and Fiji ($4.61M).

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

Comparative Advantage Spain - Sri Lanka

Flow
Scale

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

During 2023, Spain had a large net trade with Sri Lanka in the exports of Machines ($48.5M), Chemical Products ($18.6M), and Textiles ($9.04M).

During 2018, Sri Lanka had a large net trade with Spain in the exports of Textiles ($147M), Foodstuffs ($20.8M), and Machines ($19.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Sri Lanka+$2.46MPackaged Medicaments
Top Product Potential Sri Lanka Spain+$12.7MKnit T-shirts

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

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

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