Romania (ROU) and Sri Lanka (LKA) Trade | The Observatory of Economic Complexity

About

Romania-Sri Lanka Trade: In 2022, Romania exported $37.4M to Sri Lanka. The main products that Romania exported to Sri Lanka were Wheat ($33.5M), Combed Wool or Animal Hair Fabric ($924k), and Broadcasting Equipment ($448k). Over the past 5 years the exports of Romania to Sri Lanka have increased at an annualized rate of 38.1%, from $7.44M in 2017 to $37.4M in 2022.

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

Sri Lanka-Romania Trade: In 2022, Sri Lanka exported $14.6M to Romania. The main products that Sri Lanka exported to Romania were Low-voltage Protection Equipment ($3.37M), Insulated Wire ($3.13M), and Used Rubber Tires ($2.27M). Over the past 5 years the exports of Sri Lanka to Romania have decreased at an annualized rate of 1.89%, from $16.4M in 2017 to $14.6M in 2022.

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

Comparison: In 2022, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). That same year, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Romania exported $37.4M to Sri Lanka. The main products exported from Romania to Sri Lanka were Wheat ($33.5M), Combed Wool or Animal Hair Fabric ($924k), and Broadcasting Equipment ($448k). During the last 5 years the exports of Romania to Sri Lanka have increased at an annualized rate of 38.1%, from $7.44M in 2017 to $37.4M in 2022.

In 2017, Sri Lanka exported $14.6M to Romania. The main products exported from Sri Lanka to Romania were Low-voltage Protection Equipment ($3.37M), Insulated Wire ($3.13M), and Used Rubber Tires ($2.27M). During the last 5 years the exports of Sri Lanka to Romania have decreased at an annualized rate of 1.89%, from $16.4M in 2022 to $14.6M in 2017.

Exports from Romania () to Sri Lanka () (2022)

Exports from Sri Lanka () to Romania () (2022)

Latest Data

Trade between Romania () and Sri Lanka ()

Romania Exports

Date

Sri Lanka Exports

Date

Feb 2012

Jan 2012

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$18.8B

Sri Lanka
Top DestinationUnited States$3.52B

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 2022, countries that imported more from Romania than Sri Lanka included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

In 2022, countries that imported more from Sri Lanka than Romania included India ($1.12B), United States ($3.52B), and Bangladesh ($225M).

Difference in imports from Sri Lanka () and Romania () (2022)

Comparative Advantage Romania - Sri Lanka

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Romania had a large net trade with Sri Lanka in the exports of Vegetable Products ($33.7M), Textiles ($1.41M), and Machines ($1M).

During 2017, Sri Lanka had a large net trade with Romania in the exports of Machines ($8.13M), Plastics and Rubbers ($3.23M), and Textiles ($1.35M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Romania () to Sri Lanka () (2022)

Exports from Sri Lanka () to Romania () (2022)

Latest Data

Trade between Romania () and Sri Lanka ()

Romania Exports

Sri Lanka Exports

Market Competitiveness

Difference in imports from Sri Lanka () and Romania () (2022)

Comparative Advantage Romania - Sri Lanka

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Romania () and Sri Lanka () (2022)

Keep Exploring