Ireland (IRL) and Sri Lanka (LKA) Trade | The Observatory of Economic Complexity

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Ireland-Sri Lanka Trade: In 2023, Ireland exported $19.9M to Sri Lanka. The main products that Ireland exported to Sri Lanka were Gas Turbines ($6.23M), Orthopedic Appliances ($3.69M), and Packaged Medicaments ($3.26M). Over the past 5 years the exports of Ireland to Sri Lanka have increased at an annualized rate of 10.5%, from $12.1M in 2018 to $19.9M in 2023.

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

Sri Lanka-Ireland Trade: In 2023, Sri Lanka exported $100M to Ireland. The main products that Sri Lanka exported to Ireland were Coffee and Tea Extracts ($20.4M), Knit Babies' Garments ($16.9M), and Non-Knit Women's Suits ($4.71M). Over the past 5 years the exports of Sri Lanka to Ireland have increased at an annualized rate of 10.5%, from $61M in 2018 to $100M in 2023.

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

Comparison: In 2023, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B). That same year, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B).

Latest Trends

N/A

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Overview In N/A, Ireland exported €N/A and imported €N/A from Sri Lanka, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Ireland have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Ireland to Sri Lanka were . In N/A the top imports of Ireland from Sri Lanka were .

Growth In N/A, the N/A in Ireland's year-by-year exports to Sri Lanka was explained primarily by an decrease in product exports in . In N/A, the N/A in Ireland's year-by-year imports from Sri Lanka was explained primarily by an decrease in product imports in .

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ireland exported $19.9M to Sri Lanka. The main products exported from Ireland to Sri Lanka were Gas Turbines ($6.23M), Orthopedic Appliances ($3.69M), and Packaged Medicaments ($3.26M). During the last 5 years the exports of Ireland to Sri Lanka have increased at an annualized rate of 10.5%, from $12.1M in 2018 to $19.9M in 2023.

In 2018, Sri Lanka exported $100M to Ireland. The main products exported from Sri Lanka to Ireland were Coffee and Tea Extracts ($20.4M), Knit Babies' Garments ($16.9M), and Non-Knit Women's Suits ($4.71M). During the last 5 years the exports of Sri Lanka to Ireland have increased at an annualized rate of 10.5%, from $61M in 2023 to $100M in 2018.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ireland
Top DestinationUnited States$67.4B

Sri Lanka
Top DestinationUnited States$2.98B

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

In 2023, countries that imported more from Ireland than Sri Lanka included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

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

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

Comparative Advantage Ireland - Sri Lanka

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ireland had a large net trade with Sri Lanka in the exports of Machines ($6.8M), Chemical Products ($6.49M), and Instruments ($4.52M).

During 2018, Sri Lanka had a large net trade with Ireland in the exports of Textiles ($55.2M), Foodstuffs ($21.5M), and Machines ($6.52M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ireland Sri Lanka+$2.28MPackaged Medicaments

Top Product Potential Sri Lanka Ireland+$3.33MNon-Knit Women'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

Year

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Ireland - Sri Lanka

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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