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Pricing

2022
Flag → Flag
Exports $24.7MRnk 59 / 194
2022
Flag → Flag
Top Product $4.34MKnit Gloves
2022
Flag → Flag
Exports $21.5MRnk 94 / 207
2022
Flag → Flag
Top Product $13.8MKaolin Coated Paper
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
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GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
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 GDP$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH8.73%CURRENT US$
Rnk 147 / 186
2022
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GDP PC $3,354CURRENT US$
Rnk 130 / 186
2012-2022
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GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC$50,537CURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP PC GROWTH5.93%CURRENT US$
Rnk 127 / 186

About

Sri Lanka-Finland Trade: In 2022, Sri Lanka exported $24.7M to Finland. The main products that Sri Lanka exported to Finland were Knit Gloves ($4.34M), Bicycles, delivery tricycles, other cycles ($3.27M), and Knit Women's Undergarments ($1.86M). Over the past 5 years the exports of Sri Lanka to Finland have decreased at an annualized rate of 0.21%, from $25M in 2017 to $24.7M in 2022.

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

Finland-Sri Lanka Trade: In 2022, Finland exported $21.5M to Sri Lanka. The main products that Finland exported to Sri Lanka were Kaolin Coated Paper ($13.8M), Electrical Transformers ($956k), and Laboratory Reagents ($497k). Over the past 5 years the exports of Finland to Sri Lanka have increased at an annualized rate of 15.6%,  from $10.4M in 2017 to $21.5M in 2022.

In 2022, Finland 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $24.7M to Finland. The main products exported from Sri Lanka to Finland were Knit Gloves ($4.34M), Bicycles, delivery tricycles, other cycles ($3.27M), and Knit Women's Undergarments ($1.86M). During the last 5 years the exports of Sri Lanka to Finland have decreased at an annualized rate of 0.21%, from $25M in 2017 to $24.7M in 2022.

In 2017, Finland exported $21.5M to Sri Lanka. The main products exported from Finland to Sri Lanka were Kaolin Coated Paper ($13.8M), Electrical Transformers ($956k), and Laboratory Reagents ($497k). During the last 5 years the exports of Finland to Sri Lanka have increased at an annualized rate of 15.6%, from $10.4M in 2022 to $21.5M in 2017.

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

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

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Finland
Top DestinationGermany$9.99B

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

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

In 2022, countries that imported more from Finland than Sri Lanka included Germany ($9.99B), Sweden ($9.1B), and United States ($9.17B).

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

Comparative Advantage Sri Lanka - Finland

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Finland in the exports of Textiles ($13M), Transportation ($3.48M), and Plastics and Rubbers ($2.38M).

During 2017, Finland had a large net trade with Sri Lanka in the exports of Paper Goods ($14.5M), Machines ($2.97M), and Chemical Products ($1.23M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Finland+$1.67MNon-Knit Men's Suits
Top Product Potential Finland Sri Lanka+$1.72MKaolin Coated Paper

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

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

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