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Pricing

2023
Flag → Flag
Exports $13.2MRnk 107 / 206
2023
Flag → Flag
Top Product $2.47MKaolin Coated Paper
2023
Flag → Flag
Exports $30.1MRnk 55 / 200
2023
Flag → Flag
Top Product $4.63MKnit Gloves
2023
Flag
Economic Complexity (ECI) ECI 1.46Rnk 13 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag  
GDP$296BCURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP GROWTH9.35%CURRENT US$
Rnk 158 / 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 $52,926CURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP PC GROWTH6.51%CURRENT US$
Rnk 144 / 195
2023
Flag
GDP PC$3,828CURRENT US$
Rnk 132 / 196
2013-2023
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GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195

About

Finland-Sri Lanka Trade: In 2023, Finland exported $13.2M to Sri Lanka. The main products that Finland exported to Sri Lanka were Kaolin Coated Paper ($2.47M), Electrical Control Boards ($1.09M), and Enzymes ($922k). Over the past 5 years the exports of Finland to Sri Lanka have increased at an annualized rate of 17.3%, from $5.94M in 2018 to $13.2M in 2023.

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

Sri Lanka-Finland Trade: In 2023, Sri Lanka exported $30.1M to Finland. The main products that Sri Lanka exported to Finland were Knit Gloves ($4.63M), Non-Knit Men's Suits ($3.17M), and Activated Carbon ($1.86M). Over the past 5 years the exports of Sri Lanka to Finland have increased at an annualized rate of 0.31%,  from $29.7M in 2018 to $30.1M in 2023.

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

Comparison: In 2023,  Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). 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, Finland exported $13.2M to Sri Lanka. The main products exported from Finland to Sri Lanka were Kaolin Coated Paper ($2.47M), Electrical Control Boards ($1.09M), and Enzymes ($922k). During the last 5 years the exports of Finland to Sri Lanka have increased at an annualized rate of 17.3%, from $5.94M in 2018 to $13.2M in 2023.

In 2018, Sri Lanka exported $30.1M to Finland. The main products exported from Sri Lanka to Finland were Knit Gloves ($4.63M), Non-Knit Men's Suits ($3.17M), and Activated Carbon ($1.86M). During the last 5 years the exports of Sri Lanka to Finland have increased at an annualized rate of 0.31%, from $29.7M in 2023 to $30.1M in 2018.

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

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

Latest Data

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

Finland Exports

Sri Lanka Exports

Date

Market Competitiveness

Color
Finland
Top DestinationUnited States$9.68B
Sri Lanka
Top DestinationUnited States$2.98B

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

In 2023, countries that imported more from Finland than Sri Lanka included Germany ($9.26B), Sweden ($8.13B), and United States ($9.68B).

In 2023, countries that imported more from Sri Lanka than Finland included Maldives ($168M), Bangladesh ($177M), and Iraq ($131M).

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

Comparative Advantage Finland - Sri Lanka

Flow
Scale

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

During 2023, Finland had a large net trade with Sri Lanka in the exports of Machines ($4.9M), Paper Goods ($3.21M), and Chemical Products ($1.91M).

During 2018, Sri Lanka had a large net trade with Finland in the exports of Textiles ($16.8M), Plastics and Rubbers ($3.02M), and Vegetable Products ($1.99M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Sri Lanka+$1.72MKaolin Coated Paper
Top Product Potential Sri Lanka Finland+$1.67MNon-Knit Men'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 Finland and Sri Lanka. This means that a dot/product with the flag of Finland 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 Finland.

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

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