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2023
Flag → Flag
Exports $17.3MRnk 107 / 211
2023
Flag → Flag
Top Product $6.27MHeavy Pure Woven Cotton
2023
Flag → Flag
Exports $13.6MRnk 72 / 200
2023
Flag → Flag
Top Product $3.76MKnit Gloves
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 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 $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
Flag
GDP PC$3,828CURRENT US$
Rnk 132 / 196
2013-2023
Flag
GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195

About

Portugal-Sri Lanka Trade: In 2023, Portugal exported $17.3M to Sri Lanka. The main products that Portugal exported to Sri Lanka were Heavy Pure Woven Cotton ($6.27M), Light Pure Woven Cotton ($4.27M), and Building Stone ($1.04M). Over the past 5 years the exports of Portugal to Sri Lanka have increased at an annualized rate of 12.4%, from $9.64M in 2018 to $17.3M in 2023.

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

Sri Lanka-Portugal Trade: In 2023, Sri Lanka exported $13.6M to Portugal. The main products that Sri Lanka exported to Portugal were Knit Gloves ($3.76M), Coconuts, Brazil Nuts, and Cashews ($1.59M), and Rubber ($973k). Over the past 5 years the exports of Sri Lanka to Portugal have decreased at an annualized rate of 0.023%,  from $13.6M in 2018 to $13.6M in 2023.

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

Comparison: In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B).

Latest Trends

December, 2024

About

Overview In December 2024, Portugal exported €764k and imported €995k from Sri Lanka, resulting in a negative trade balance of €231k. Between December 2023 and December 2024 the exports of Portugal have increased by €115k (17.7%) from €649k to €764k, while imports increased by €147k (17.4%) from €847k to €995k.

Trade In December 2024, the top exports of Portugal to Sri Lanka were Cotton (€1.46M), Machinery, mechanical appliances, & parts (€90.1k), Iron & steel (€73.2k), Stone, plaster, cement, asbestos, mica. (€43.6k), and Salt, sulphur, cement, lime, stone, &... (€5.45k). In December 2024 the top imports of Portugal from Sri Lanka were Knitted clothing accesories (€749k), Fish, Crustaceans & Molluscs (€95.7k), Edible fruits, nuts & fruit peels (€42.1k), Special woven fabrics and tapestries (€28.5k), and Non-knitted clothing accesories (€28.4k).

Growth In December 2024, the increase in Portugal's year-by-year exports to Sri Lanka was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts (€89k or 8.03k%), Stone, plaster, cement, asbestos, mica. (€17.3k or 65.8%), and Iron/Steel Articles (€4.41k or 4.79k%). In December 2024, the increase in Portugal's year-by-year imports  from Sri Lanka was explained primarily by an increase in product imports  in Special woven fabrics and tapestries (€22.9k or 402%), Paper articles (€10.7k or 29.8k%), and Vegetable textile fibers, paper yarn &... (€5.28k or 87.2%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)€115k(17.7%)
IMPORT GROWTH (December 2023 - December 2024)€147k(17.4%)

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

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

For full datasets download visit Bulk Download page.

Explore Sri Lanka and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $17.3M to Sri Lanka. The main products exported from Portugal to Sri Lanka were Heavy Pure Woven Cotton ($6.27M), Light Pure Woven Cotton ($4.27M), and Building Stone ($1.04M). During the last 5 years the exports of Portugal to Sri Lanka have increased at an annualized rate of 12.4%, from $9.64M in 2018 to $17.3M in 2023.

In 2018, Sri Lanka exported $13.6M to Portugal. The main products exported from Sri Lanka to Portugal were Knit Gloves ($3.76M), Coconuts, Brazil Nuts, and Cashews ($1.59M), and Rubber ($973k). During the last 5 years the exports of Sri Lanka to Portugal have decreased at an annualized rate of 0.023%, from $13.6M in 2023 to $13.6M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Sri Lanka
Top DestinationUnited States$2.98B

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

In 2023, countries that imported more from Portugal than Sri Lanka included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

In 2023, countries that imported more from Sri Lanka than Portugal included India ($991M), Maldives ($168M), and Bangladesh ($177M).

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

Comparative Advantage Portugal - Sri Lanka

Flow
Scale

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

During 2023, Portugal had a large net trade with Sri Lanka in the exports of Textiles ($10.8M), Stone And Glass ($1.64M), and Paper Goods ($1.05M).

During 2018, Sri Lanka had a large net trade with Portugal in the exports of Textiles ($6.06M), Foodstuffs ($2.09M), and Vegetable Products ($2.04M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Sri Lanka+$731kIron Structures
Top Product Potential Sri Lanka Portugal+$800kNon-fillet Fresh Fish

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 Portugal and Sri Lanka. This means that a dot/product with the flag of Portugal 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 Portugal.

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

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