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2022
Flag → Flag
Exports $47.9MRnk 91 / 217
2022
Flag → Flag
Top Product $10MKraft Paper
2022
Flag → Flag
Exports $119MRnk 26 / 194
2022
Flag → Flag
Top Product $35.3MNon-Knit Men's Suits
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag  
GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
GDP PC $55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186
2022
Flag
GDP PC$3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

Sweden-Sri Lanka Trade: In 2022, Sweden exported $47.9M to Sri Lanka. The main products that Sweden exported to Sri Lanka were Kraft Paper ($10M), Compounded Unvulcanised Rubber ($9.24M), and Packaged Medicaments ($3.6M). Over the past 5 years the exports of Sweden to Sri Lanka have decreased at an annualized rate of 4.64%, from $60.7M in 2017 to $47.9M in 2022.

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

Sri Lanka-Sweden Trade: In 2022, Sri Lanka exported $119M to Sweden. The main products that Sri Lanka exported to Sweden were Non-Knit Men's Suits ($35.3M), Other Rubber Products ($10.1M), and Knit Gloves ($6.07M). Over the past 5 years the exports of Sri Lanka to Sweden have increased at an annualized rate of 9.64%,  from $75.3M in 2017 to $119M in 2022.

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

Comparison: In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Latest Trends

July, 2024

About

Overview In July 2024, Sweden exported SEK29.5M and imported SEK74.9M from Sri Lanka, resulting in a negative trade balance of SEK45.4M. Between July 2023 and July 2024 the exports of Sweden have decreased by SEK-1.46M (-4.72%) from SEK31M to SEK29.5M, while imports increased by SEK1.85M (2.53%) from SEK73M to SEK74.9M.

Trade In July 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 July 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 July 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 July 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 (July 2023 - July 2024)SEK-1.46M(-4.72%)
IMPORT GROWTH (July 2023 - July 2024)SEK1.85M(2.53%)

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 2022, Sweden exported $47.9M to Sri Lanka. The main products exported from Sweden to Sri Lanka were Kraft Paper ($10M), Compounded Unvulcanised Rubber ($9.24M), and Packaged Medicaments ($3.6M). During the last 5 years the exports of Sweden to Sri Lanka have decreased at an annualized rate of 4.64%, from $60.7M in 2017 to $47.9M in 2022.

In 2017, Sri Lanka exported $119M to Sweden. The main products exported from Sri Lanka to Sweden were Non-Knit Men's Suits ($35.3M), Other Rubber Products ($10.1M), and Knit Gloves ($6.07M). During the last 5 years the exports of Sri Lanka to Sweden have increased at an annualized rate of 9.64%, from $75.3M in 2022 to $119M in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Sri Lanka
Top DestinationUnited States$3.52B

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 2022, countries that imported more from Sweden than Sri Lanka included Norway ($18.7B), Germany ($19.2B), and Denmark ($14.6B).

In 2022, countries that imported more from Sri Lanka than Sweden included Bangladesh ($225M), Maldives ($128M), and Iraq ($164M).

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

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 2022, Sweden had a large net trade with Sri Lanka in the exports of Paper Goods ($11.6M), Machines ($10.6M), and Plastics and Rubbers ($10.2M).

During 2017, Sri Lanka had a large net trade with Sweden in the exports of Textiles ($68.3M), Plastics and Rubbers ($18.8M), 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) (2022)

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