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2022
Flag → Flag
Exports $104MRnk 107 / 218
2022
Flag → Flag
Top Product $42.1MAudio Alarms
2022
Flag → Flag
Exports $163MRnk 21 / 194
2022
Flag → Flag
Top Product $12.1MKnit Women's Suits
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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 GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
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GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
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GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
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GDP PC$3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

Spain-Sri Lanka Trade: In 2022, Spain exported $104M to Sri Lanka. The main products that Spain exported to Sri Lanka were Audio Alarms ($42.1M), Prepared Pigments ($8.96M), and Iron Nails ($4.56M). Over the past 5 years the exports of Spain to Sri Lanka have increased at an annualized rate of 1.2%, from $97.9M in 2017 to $104M in 2022.

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

Sri Lanka-Spain Trade: In 2022, Sri Lanka exported $163M to Spain. The main products that Sri Lanka exported to Spain were Knit Women's Suits ($12.1M), Knit Babies' Garments ($10.9M), and Raw Tobacco ($9.7M). Over the past 5 years the exports of Sri Lanka to Spain have increased at an annualized rate of 9.76%,  from $102M in 2017 to $163M in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Latest Trends

June, 2024

About

Overview In June 2024, Spain exported €8.45M and imported €23.9M from Sri Lanka, resulting in a negative trade balance of €15.5M. Between June 2023 and June 2024 the exports of Spain have increased by €3.29M (63.6%) from €5.16M to €8.45M, while imports increased by €2.43M (11.3%) from €21.5M to €23.9M.

Trade In June 2024, the top exports of Spain to Sri Lanka were Audio Alarms (€1.31M), Iron Nails (€546k), Washing and Bottling Machines (€402k), Prepared Pigments (€331k), and Machinery Having Individual Functions (€256k). In June 2024 the top imports of Spain from Sri Lanka were Knit T-shirts (€2.08M), Knit Women's Suits (€1.45M), Knit Men's Undergarments (€1.16M), Knit Sweaters (€1.11M), and Knit Babies' Garments (€1.1M).

Origins In June 2024 the exports of Spain were mainly from Madrid (€4.09M), Barcelona (€1.62M), Castellón (€811k), Alicante (€609k), and Valencia (€391k), while imports destinations were mainly Barcelona (€5.92M), Madrid (€4.14M), Valencia (€1.98M), and Sevilla (€936k).

Growth In June 2024, the increase in Spain's year-by-year exports to Sri Lanka was explained primarily by an increase in product exports in Washing and Bottling Machines (€396k or 6.53k%), Machinery Having Individual Functions (€251k or 4.37k%), and Scented Mixtures (€167k or 7.87k%). In June 2024, the increase in Spain's year-by-year imports  from Sri Lanka was explained primarily by an increase in product imports  in Knit Sweaters (€699k or 169%), Excavation Machinery (€321k or 483%), and Knit Babies' Garments (€261k or 31.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)€3.29M(63.6%)
IMPORT GROWTH (June 2023 - June 2024)€2.43M(11.3%)
MAIN EXPORTER (June 2024)Madrid€4.09M

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

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

For full datasets download visit Bulk Download page.

Explore Sri Lanka and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $104M to Sri Lanka. The main products exported from Spain to Sri Lanka were Audio Alarms ($42.1M), Prepared Pigments ($8.96M), and Iron Nails ($4.56M). During the last 5 years the exports of Spain to Sri Lanka have increased at an annualized rate of 1.2%, from $97.9M in 2017 to $104M in 2022.

In 2017, Sri Lanka exported $163M to Spain. The main products exported from Sri Lanka to Spain were Knit Women's Suits ($12.1M), Knit Babies' Garments ($10.9M), and Raw Tobacco ($9.7M). During the last 5 years the exports of Sri Lanka to Spain have increased at an annualized rate of 9.76%, from $102M in 2022 to $163M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Sri Lanka
Top DestinationUnited States$3.52B

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

In 2022, countries that imported more from Spain than Sri Lanka included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, countries that imported more from Sri Lanka than Spain included Maldives ($128M), Bangladesh ($225M), and Haiti ($29.5M).

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

Comparative Advantage Spain - Sri Lanka

Flow
Scale

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

During 2022, Spain had a large net trade with Sri Lanka in the exports of Machines ($51.7M), Chemical Products ($15.4M), and Textiles ($10.3M).

During 2017, Sri Lanka had a large net trade with Spain in the exports of Textiles ($83.1M), Foodstuffs ($19.8M), and Plastics and Rubbers ($15.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Sri Lanka+$2.46MPackaged Medicaments
Top Product Potential Sri Lanka Spain+$12.7MKnit T-shirts

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

Product Space of Spain (Flag) and Sri Lanka (Flag) (2022)

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