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2023
Flag → Flag
Exports $245MRnk 100 / 219
2023
Flag → Flag
Top Product $70.9MLight Rubberized Knitted Fabric
2023
Flag → Flag
Exports $653MRnk 5 / 200
2023
Flag → Flag
Top Product $149MOther Women's Undergarments
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 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 $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$3,828CURRENT US$
Rnk 132 / 196
2013-2023
Flag
GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195

About

Italy-Sri Lanka Trade: In 2023, Italy exported $245M to Sri Lanka. The main products that Italy exported to Sri Lanka were Light Rubberized Knitted Fabric ($70.9M), Narrow Woven Fabric ($15.7M), and Non-Retail Synthetic Filament Yarn ($14.9M). Over the past 5 years the exports of Italy to Sri Lanka have decreased at an annualized rate of 3.69%, from $296M in 2018 to $245M in 2023.

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

Sri Lanka-Italy Trade: In 2023, Sri Lanka exported $653M to Italy. The main products that Sri Lanka exported to Italy were Other Women's Undergarments ($149M), Knit Women's Undergarments ($104M), and Knit T-shirts ($56.8M). Over the past 5 years the exports of Sri Lanka to Italy have increased at an annualized rate of 4.96%,  from $513M in 2018 to $653M in 2023.

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

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €13.6M and imported €38.8M from Sri Lanka, resulting in a negative trade balance of €25.2M. Between October 2023 and October 2024 the exports of Italy have increased by €4.13M (43.7%) from €9.47M to €13.6M, while imports decreased by €-16M (-29.2%) from €54.8M to €38.8M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€4.13M(43.7%)
IMPORT GROWTH (October 2023 - October 2024)€-16M(-29.2%)

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

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

For full datasets download visit Bulk Download page.

Explore Sri Lanka and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $245M to Sri Lanka. The main products exported from Italy to Sri Lanka were Light Rubberized Knitted Fabric ($70.9M), Narrow Woven Fabric ($15.7M), and Non-Retail Synthetic Filament Yarn ($14.9M). During the last 5 years the exports of Italy to Sri Lanka have decreased at an annualized rate of 3.69%, from $296M in 2018 to $245M in 2023.

In 2018, Sri Lanka exported $653M to Italy. The main products exported from Sri Lanka to Italy were Other Women's Undergarments ($149M), Knit Women's Undergarments ($104M), and Knit T-shirts ($56.8M). During the last 5 years the exports of Sri Lanka to Italy have increased at an annualized rate of 4.96%, from $513M in 2023 to $653M in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Sri Lanka
Top DestinationUnited States$2.98B

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

In 2023, countries that imported more from Italy than Sri Lanka included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

In 2023, countries that imported more from Sri Lanka than Italy included Maldives ($168M), American Samoa ($702k), and Kiribati ($64k).

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

Comparative Advantage Italy - Sri Lanka

Flow
Scale

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

During 2023, Italy had a large net trade with Sri Lanka in the exports of Textiles ($125M), Machines ($51.1M), and Foodstuffs ($17.7M).

During 2018, Sri Lanka had a large net trade with Italy in the exports of Textiles ($496M), Plastics and Rubbers ($46.3M), and Precious Metals ($32.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Sri Lanka+$2.24MVaccines, blood, antisera, toxins and cultures
Top Product Potential Sri Lanka Italy+$14MKnit 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 Italy and Sri Lanka. This means that a dot/product with the flag of Italy 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 Italy.

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

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