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2023
Flag → Flag
Exports $160MRnk 57 / 199
2023
Flag → Flag
Top Product $157MWheat
2023
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Exports $16.4MRnk 65 / 200
2023
Flag → Flag
Top Product $2.37MLow-voltage Protection Equipment
2023
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Economic Complexity (ECI) ECI 1.02Rnk 28 / 132
2023
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Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
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GDP$351BCURRENT US$
Rnk 43 / 195
2013-2023
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GDP GROWTH84.8%CURRENT US$
Rnk 24 / 195
2023
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 GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
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GDP GROWTH9.55%CURRENT US$
Rnk 157 / 195
2023
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GDP PC $18,404CURRENT US$
Rnk 66 / 195
2013-2023
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GDP PC GROWTH93.8%CURRENT US$
Rnk 11 / 195
2023
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GDP PC$3,828CURRENT US$
Rnk 132 / 196
2013-2023
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GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195

About

Romania-Sri Lanka Trade: In 2023, Romania exported $160M to Sri Lanka. The main products that Romania exported to Sri Lanka were Wheat ($157M), Rubber Tires ($362k), and Tulles and Net Fabric ($241k). Over the past 5 years the exports of Romania to Sri Lanka have increased at an annualized rate of 65.9%, from $12.7M in 2018 to $160M in 2023.

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

Sri Lanka-Romania Trade: In 2023, Sri Lanka exported $16.4M to Romania. The main products that Sri Lanka exported to Romania were Low-voltage Protection Equipment ($2.37M), Used Rubber Tires ($2.3M), and Insulated Wire ($2.14M). Over the past 5 years the exports of Sri Lanka to Romania have increased at an annualized rate of 2.93%,  from $14.2M in 2018 to $16.4M in 2023.

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

Comparison: In 2023,  Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B). That same year, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Romania exported $160M to Sri Lanka. The main products exported from Romania to Sri Lanka were Wheat ($157M), Rubber Tires ($362k), and Tulles and Net Fabric ($241k). During the last 5 years the exports of Romania to Sri Lanka have increased at an annualized rate of 65.9%, from $12.7M in 2018 to $160M in 2023.

In 2018, Sri Lanka exported $16.4M to Romania. The main products exported from Sri Lanka to Romania were Low-voltage Protection Equipment ($2.37M), Used Rubber Tires ($2.3M), and Insulated Wire ($2.14M). During the last 5 years the exports of Sri Lanka to Romania have increased at an annualized rate of 2.93%, from $14.2M in 2023 to $16.4M in 2018.

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

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

Latest Data

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

Romania Exports

Sri Lanka Exports

Date

Market Competitiveness

Color
Romania
Top DestinationGermany$19.9B
Sri Lanka
Top DestinationUnited States$2.98B

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

In 2023, countries that imported more from Romania than Sri Lanka included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

In 2023, countries that imported more from Sri Lanka than Romania included India ($991M), Maldives ($168M), and Hong Kong ($200M).

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

Comparative Advantage Romania - Sri Lanka

Flow
Scale

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

During 2023, Romania had a large net trade with Sri Lanka in the exports of Vegetable Products ($157M), Machines ($557k), and Plastics and Rubbers ($520k).

During 2018, Sri Lanka had a large net trade with Romania in the exports of Machines ($8.56M), Plastics and Rubbers ($3.13M), and Textiles ($2.29M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Sri Lanka+$1.29MWheat
Top Product Potential Sri Lanka Romania+$1.53MLow-voltage Protection Equipment

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

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

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