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2022
Flag → Flag
Exports $110MRnk 27 / 194
2022
Flag → Flag
Top Product $22MCoffee and Tea Extracts
2022
Flag → Flag
Exports $13MRnk 120 / 210
2022
Flag → Flag
Top Product $2.81MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.27Rnk 18 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
 GDP$529BCURRENT US$
Rnk 26 / 186
2012-2022
Flag
GDP GROWTH135%CURRENT US$
Rnk 7 / 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$104,039CURRENT US$
Rnk 4 / 186
2012-2022
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GDP PC GROWTH112%CURRENT US$
Rnk 7 / 186

About

Sri Lanka-Ireland Trade: In 2022, Sri Lanka exported $110M to Ireland. The main products that Sri Lanka exported to Ireland were Coffee and Tea Extracts ($22M), Knit Babies' Garments ($16.7M), and Knit Women's Suits ($9.18M). Over the past 5 years the exports of Sri Lanka to Ireland have increased at an annualized rate of 15.6%, from $53.3M in 2017 to $110M in 2022.

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

Ireland-Sri Lanka Trade: In 2022, Ireland exported $13M to Sri Lanka. The main products that Ireland exported to Sri Lanka were Packaged Medicaments ($2.81M), Orthopedic Appliances ($2.6M), and Special Pharmaceuticals ($1.8M). Over the past 5 years the exports of Ireland to Sri Lanka have decreased at an annualized rate of 4.91%,  from $18.5M in 2017 to $13M in 2022.

In 2022, Ireland 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, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sri Lanka exported $110M to Ireland. The main products exported from Sri Lanka to Ireland were Coffee and Tea Extracts ($22M), Knit Babies' Garments ($16.7M), and Knit Women's Suits ($9.18M). During the last 5 years the exports of Sri Lanka to Ireland have increased at an annualized rate of 15.6%, from $53.3M in 2017 to $110M in 2022.

In 2017, Ireland exported $13M to Sri Lanka. The main products exported from Ireland to Sri Lanka were Packaged Medicaments ($2.81M), Orthopedic Appliances ($2.6M), and Special Pharmaceuticals ($1.8M). During the last 5 years the exports of Ireland to Sri Lanka have decreased at an annualized rate of 4.91%, from $18.5M in 2022 to $13M in 2017.

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

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

Latest Data

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

Sri Lanka Exports

Date

Ireland Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$3.52B
Ireland
Top DestinationUnited States$70.7B

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

In 2022, countries that imported more from Sri Lanka than Ireland included Bangladesh ($225M), Maldives ($128M), and Azerbaijan ($76M).

In 2022, countries that imported more from Ireland than Sri Lanka included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

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

Comparative Advantage Sri Lanka - Ireland

Flow
Scale

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

During 2022, Sri Lanka had a large net trade with Ireland in the exports of Textiles ($60.7M), Foodstuffs ($22.7M), and Plastics and Rubbers ($8.3M).

During 2017, Ireland had a large net trade with Sri Lanka in the exports of Chemical Products ($6.42M), Instruments ($2.9M), and Animal Products ($1.48M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Ireland+$3.33MNon-Knit Women's Suits
Top Product Potential Ireland Sri Lanka+$2.28MPackaged Medicaments

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

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

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