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2022
Flag → Flag
Exports $85.5MRnk 33 / 194
2022
Flag → Flag
Top Product $16.5MSports Equipment
2022
Flag → Flag
Exports $50.9MRnk 87 / 217
2022
Flag → Flag
Top Product $23.1MUnprocessed Artificial Staple Fibers
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.5Rnk 8 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$471BCURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP GROWTH15.1%CURRENT US$
Rnk 137 / 186
2022
Flag
GDP PC $3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC$52,131CURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP PC GROWTH7.34%CURRENT US$
Rnk 124 / 186

About

Sri Lanka-Austria Trade: In 2022, Sri Lanka exported $85.5M to Austria. The main products that Sri Lanka exported to Austria were Sports Equipment ($16.5M), Knit Women's Undergarments ($9.76M), and Knit Men's Undergarments ($8.8M). Over the past 5 years the exports of Sri Lanka to Austria have increased at an annualized rate of 5.64%, from $65M in 2017 to $85.5M in 2022.

In 2022, Sri Lanka did not export any services to Austria.

Austria-Sri Lanka Trade: In 2022, Austria exported $50.9M to Sri Lanka. The main products that Austria exported to Sri Lanka were Unprocessed Artificial Staple Fibers ($23.1M), Vaccines, blood, antisera, toxins and cultures ($5.54M), and Cheese ($4.22M). Over the past 5 years the exports of Austria to Sri Lanka have decreased at an annualized rate of 1.11%,  from $62.9M in 2017 to $50.9M in 2022.

In 2022, Austria did not export any services to Sri Lanka.

Comparison: In 2022,  Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $85.5M to Austria. The main products exported from Sri Lanka to Austria were Sports Equipment ($16.5M), Knit Women's Undergarments ($9.76M), and Knit Men's Undergarments ($8.8M). During the last 5 years the exports of Sri Lanka to Austria have increased at an annualized rate of 5.64%, from $65M in 2017 to $85.5M in 2022.

In 2017, Austria exported $50.9M to Sri Lanka. The main products exported from Austria to Sri Lanka were Unprocessed Artificial Staple Fibers ($23.1M), Vaccines, blood, antisera, toxins and cultures ($5.54M), and Cheese ($4.22M). During the last 5 years the exports of Austria to Sri Lanka have decreased at an annualized rate of 1.11%, from $62.9M in 2022 to $50.9M in 2017.

Exports from Sri Lanka (Flag) to Austria (Flag) (2022)

Exports from Austria (Flag) to Sri Lanka (Flag) (2022)

Latest Data

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

Sri Lanka Exports

Date

Austria Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Austria
Top DestinationGermany$57.7B

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

In 2022, countries that imported more from Sri Lanka than Austria included Bangladesh ($225M), Maldives ($128M), and Iraq ($164M).

In 2022, countries that imported more from Austria than Sri Lanka included Germany ($57.7B), Italy ($13.6B), and Switzerland ($11.2B).

Difference in imports from Austria (Flag) and Sri Lanka (Flag) (2022)

Comparative Advantage Sri Lanka - Austria

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Austria in the exports of Textiles ($32.3M), Miscellaneous ($20.7M), and Machines ($17.5M).

During 2017, Austria had a large net trade with Sri Lanka in the exports of Textiles ($24M), Chemical Products ($6.47M), and Machines ($5.46M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Austria+$3.88MKnit T-shirts
Top Product Potential Austria Sri Lanka+$2.26MVaccines, blood, antisera, toxins and cultures

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 Sri Lanka and Austria. This means that a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over Austria. Similarly, a dot/product with the flag of Austria indicates it has a comparative advantage over Sri Lanka.

Product Space of Sri Lanka (Flag) and Austria (Flag) (2022)

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