Greece (GRC) and Sri Lanka (LKA) Trade | The Observatory of Economic Complexity

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Greece-Sri Lanka Trade: In 2023, Greece exported $6.39M to Sri Lanka. The main products that Greece exported to Sri Lanka were Razor Blades ($1.86M), Engine Parts ($640k), and Textile Processing Machines ($537k). Over the past 5 years the exports of Greece to Sri Lanka have increased at an annualized rate of 11.4%, from $3.71M in 2018 to $6.39M in 2023.

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

Sri Lanka-Greece Trade: In 2023, Sri Lanka exported $5.82M to Greece. The main products that Sri Lanka exported to Greece were Tea ($766k), Used Rubber Tires ($594k), and Rubber Apparel ($438k). Over the past 5 years the exports of Sri Lanka to Greece have increased at an annualized rate of 6.7%, from $4.21M in 2018 to $5.82M in 2023.

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

Comparison: In 2023, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Greece exported $6.39M to Sri Lanka. The main products exported from Greece to Sri Lanka were Razor Blades ($1.86M), Engine Parts ($640k), and Textile Processing Machines ($537k). During the last 5 years the exports of Greece to Sri Lanka have increased at an annualized rate of 11.4%, from $3.71M in 2018 to $6.39M in 2023.

In 2018, Sri Lanka exported $5.82M to Greece. The main products exported from Sri Lanka to Greece were Tea ($766k), Used Rubber Tires ($594k), and Rubber Apparel ($438k). During the last 5 years the exports of Sri Lanka to Greece have increased at an annualized rate of 6.7%, from $4.21M in 2023 to $5.82M in 2018.

Exports from Greece () to Sri Lanka () (2023)

Exports from Sri Lanka () to Greece () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$6.21B

Sri Lanka
Top DestinationUnited States$2.98B

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

In 2023, countries that imported more from Greece than Sri Lanka included Italy ($6.21B), Cyprus ($3.03B), and Bulgaria ($2.38B).

In 2023, countries that imported more from Sri Lanka than Greece included United States ($2.98B), India ($991M), and Maldives ($168M).

Difference in imports from Sri Lanka () and Greece () (2023)

Comparative Advantage Greece - Sri Lanka

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Greece had a large net trade with Sri Lanka in the exports of Metals ($2.13M), Machines ($2.05M), and Chemical Products ($751k).

During 2018, Sri Lanka had a large net trade with Greece in the exports of Vegetable Products ($2M), Plastics and Rubbers ($1.59M), and Textiles ($1.02M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Greece Sri Lanka+$1.86MPackaged Medicaments

Top Product Potential Sri Lanka Greece+$1.04MRubber Tires

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

Year

This visualization shows the product space at the HS4 level with the flags of Greece and Sri Lanka. This means that a dot/product with the flag of Greece 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 Greece.

About

Historical Data

Bilateral Trade by Products

Exports from Greece () to Sri Lanka () (2023)

Exports from Sri Lanka () to Greece () (2023)

Market Competitiveness

Difference in imports from Sri Lanka () and Greece () (2023)

Comparative Advantage Greece - Sri Lanka

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Greece () and Sri Lanka () (2023)

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