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2023
Flag → Flag
Exports $37.5MRnk 103 / 216
2023
Flag → Flag
Top Product $9.13MCompounded Unvulcanised Rubber
2023
Flag → Flag
Exports $96.2MRnk 32 / 200
2023
Flag → Flag
Top Product $23.1MNon-Knit Men's Suits
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH0.14%CURRENT US$
Rnk 170 / 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 $55,517CURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC$3,828CURRENT US$
Rnk 132 / 196
2013-2023
Flag
GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195

About

Sweden-Sri Lanka Trade: In 2023, Sweden exported $37.5M to Sri Lanka. The main products that Sweden exported to Sri Lanka were Compounded Unvulcanised Rubber ($9.13M), Kraft Paper ($8.46M), and Packaged Medicaments ($2.8M). Over the past 5 years the exports of Sweden to Sri Lanka have decreased at an annualized rate of 3.3%, from $44.3M in 2018 to $37.5M in 2023.

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

Sri Lanka-Sweden Trade: In 2023, Sri Lanka exported $96.2M to Sweden. The main products that Sri Lanka exported to Sweden were Non-Knit Men's Suits ($23.1M), Other Rubber Products ($8.62M), and Knit Gloves ($7.04M). Over the past 5 years the exports of Sri Lanka to Sweden have increased at an annualized rate of 5.24%,  from $74.6M in 2018 to $96.2M in 2023.

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

Comparison: In 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B). That same year, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B).

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK23.4M and imported SEK113M from Sri Lanka, resulting in a negative trade balance of SEK89.5M. Between October 2023 and October 2024 the exports of Sweden have decreased by SEK-1k (-0.0043%) from SEK23.4M to SEK23.4M, while imports increased by SEK25.5M (29.1%) from SEK87.5M to SEK113M.

Trade In October 2024, the top exports of Sweden to Sri Lanka were Compounded Unvulcanised Rubber (SEK8.59M), Kraft Paper (SEK6.89M), Sawn Wood (SEK852k), Iron Fasteners (SEK680k), and Padlocks (SEK321k). In October 2024 the top imports of Sweden from Sri Lanka were Non-Knit Men's Suits (SEK17.6M), Other Rubber Products (SEK6.35M), Tea (SEK4.56M), Electrical Transformers (SEK3.71M), and Knit Gloves (SEK3.51M).

Growth In October 2024, the decrease in Sweden's year-by-year exports to Sri Lanka was explained primarily by an decrease in product exports in Insulated Wire (SEK-4.51M or -96.6%), Washing and Bottling Machines (SEK-1.48M or -94.6%), and Wood Crates (SEK-469k or -98.9%). In October 2024, the increase in Sweden's year-by-year imports  from Sri Lanka was explained primarily by an increase in product imports  in Knit Gloves (SEK2.4M or 218%), Rubber Apparel (SEK1.69M or 494%), and Tea (SEK1.57M or 52.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK-1k(-0.0043%)
IMPORT GROWTH (October 2023 - October 2024)SEK25.5M(29.1%)

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

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

For full datasets download visit Bulk Download page.

Explore Sri Lanka and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $37.5M to Sri Lanka. The main products exported from Sweden to Sri Lanka were Compounded Unvulcanised Rubber ($9.13M), Kraft Paper ($8.46M), and Packaged Medicaments ($2.8M). During the last 5 years the exports of Sweden to Sri Lanka have decreased at an annualized rate of 3.3%, from $44.3M in 2018 to $37.5M in 2023.

In 2018, Sri Lanka exported $96.2M to Sweden. The main products exported from Sri Lanka to Sweden were Non-Knit Men's Suits ($23.1M), Other Rubber Products ($8.62M), and Knit Gloves ($7.04M). During the last 5 years the exports of Sri Lanka to Sweden have increased at an annualized rate of 5.24%, from $74.6M in 2023 to $96.2M in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Sri Lanka
Top DestinationUnited States$2.98B

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

In 2023, countries that imported more from Sweden than Sri Lanka included Germany ($18.4B), United States ($18.1B), and Denmark ($14.4B).

In 2023, countries that imported more from Sri Lanka than Sweden included Maldives ($168M), Bangladesh ($177M), and Syria ($43.4M).

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

Comparative Advantage Sweden - Sri Lanka

Flow
Scale

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

During 2023, Sweden had a large net trade with Sri Lanka in the exports of Plastics and Rubbers ($10.2M), Paper Goods ($10.1M), and Machines ($4.64M).

During 2018, Sri Lanka had a large net trade with Sweden in the exports of Textiles ($49.3M), Plastics and Rubbers ($13.7M), and Machines ($8.88M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Sri Lanka+$928kTelephones
Top Product Potential Sri Lanka Sweden+$2.85MNon-Knit Women's Suits

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

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

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