Iceland (ISL) and Sri Lanka (LKA) Trade | The Observatory of Economic Complexity

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Iceland-Sri Lanka Trade: In 2022, Iceland exported $332k to Sri Lanka. The main products that Iceland exported to Sri Lanka were Refined Petroleum ($219k), Other Aluminium Products ($40.8k), and Twine and Rope ($23.4k). Over the past 5 years the exports of Iceland to Sri Lanka have increased at an annualized rate of 33.6%, from $78k in 2017 to $332k in 2022.

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

Sri Lanka-Iceland Trade: In 2022, Sri Lanka exported $4.73M to Iceland. The main products that Sri Lanka exported to Iceland were Non-Knit Men's Suits ($645k), Knit Women's Undergarments ($341k), and Knit Men's Undergarments ($333k). Over the past 5 years the exports of Sri Lanka to Iceland have increased at an annualized rate of 5%, from $3.7M in 2017 to $4.73M in 2022.

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

Comparison In 2022, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. 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, Iceland exported $332k to Sri Lanka. The main products exported from Iceland to Sri Lanka were Refined Petroleum ($219k), Other Aluminium Products ($40.8k), and Twine and Rope ($23.4k). During the last 5 years the exports of Iceland to Sri Lanka have increased at an annualized rate of 33.6%, from $78k in 2017 to $332k in 2022.

In 2017, Sri Lanka exported $4.73M to Iceland. The main products exported from Sri Lanka to Iceland were Non-Knit Men's Suits ($645k), Knit Women's Undergarments ($341k), and Knit Men's Undergarments ($333k). During the last 5 years the exports of Sri Lanka to Iceland have increased at an annualized rate of 5%, from $3.7M in 2022 to $4.73M in 2017.

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

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

Latest Data

Trade between Iceland () and Sri Lanka ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Sri Lanka
Top DestinationUnited States$3.52B

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

In 2022, countries that imported more from Iceland than Sri Lanka included Netherlands ($1.97B), Norway ($459M), and Poland ($367M).

In 2022, countries that imported more from Sri Lanka than Iceland included United States ($3.52B), India ($1.12B), and Italy ($662M).

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

Comparative Advantage Iceland - Sri Lanka

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iceland had a large net trade with Sri Lanka in the exports of Mineral Products ($219k), Metals ($54.5k), and Textiles ($28.2k).

During 2017, Sri Lanka had a large net trade with Iceland in the exports of Textiles ($3.41M), Instruments ($360k), and Plastics and Rubbers ($230k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Iceland and Sri Lanka. This means that a dot/product with the flag of Iceland 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 Iceland.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Iceland () and Sri Lanka ()

Iceland Exports

Market Competitiveness

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

Comparative Advantage Iceland - Sri Lanka

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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