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2022
Flag → Flag
Exports $26MRnk 58 / 194
2022
Flag → Flag
Top Product $4.22MWashing and Bottling Machines
2022
Flag → Flag
Exports $33.8MRnk 96 / 218
2022
Flag → Flag
Top Product $2.78MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.01Rnk 27 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH20.9%CURRENT US$
Rnk 120 / 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$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186

About

Sri Lanka-Denmark Trade: In 2022, Sri Lanka exported $26M to Denmark. The main products that Sri Lanka exported to Denmark were Washing and Bottling Machines ($4.22M), Tea ($2.6M), and Electrical Power Accessories ($2.11M). Over the past 5 years the exports of Sri Lanka to Denmark have decreased at an annualized rate of 7.79%, from $39M in 2017 to $26M in 2022.

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

Denmark-Sri Lanka Trade: In 2022, Denmark exported $33.8M to Sri Lanka. The main products that Denmark exported to Sri Lanka were Packaged Medicaments ($2.78M), Concentrated Milk ($2.63M), and Other Edible Preparations ($2.4M). Over the past 5 years the exports of Denmark to Sri Lanka have decreased at an annualized rate of 6.49%,  from $47.2M in 2017 to $33.8M in 2022.

In 2022, Denmark 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, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $26M to Denmark. The main products exported from Sri Lanka to Denmark were Washing and Bottling Machines ($4.22M), Tea ($2.6M), and Electrical Power Accessories ($2.11M). During the last 5 years the exports of Sri Lanka to Denmark have decreased at an annualized rate of 7.79%, from $39M in 2017 to $26M in 2022.

In 2017, Denmark exported $33.8M to Sri Lanka. The main products exported from Denmark to Sri Lanka were Packaged Medicaments ($2.78M), Concentrated Milk ($2.63M), and Other Edible Preparations ($2.4M). During the last 5 years the exports of Denmark to Sri Lanka have decreased at an annualized rate of 6.49%, from $47.2M in 2022 to $33.8M in 2017.

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

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

Latest Data

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

Sri Lanka Exports

Date

Denmark Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Denmark
Top DestinationGermany$18.9B

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

In 2022, countries that imported more from Sri Lanka than Denmark included India ($1.12B), Maldives ($128M), and Iraq ($164M).

In 2022, countries that imported more from Denmark than Sri Lanka included Germany ($18.9B), Sweden ($11.6B), and United States ($13.1B).

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

Comparative Advantage Sri Lanka - Denmark

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Denmark in the exports of Machines ($8.11M), Vegetable Products ($4.39M), and Textiles ($2.82M).

During 2017, Denmark had a large net trade with Sri Lanka in the exports of Machines ($12.5M), Chemical Products ($7.64M), and Animal Products ($3.82M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Denmark+$1.17MOther Edible Preparations
Top Product Potential Denmark Sri Lanka+$820kVaccines, 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 Denmark. This means that a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over Denmark. Similarly, a dot/product with the flag of Denmark indicates it has a comparative advantage over Sri Lanka.

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

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