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

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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.

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.

Comparison In 2022, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B). That same year, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 2017 to $4.73M in 2022.

In 2017, 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 2022 to $332k in 2017.

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

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

Latest Data

Trade between Sri Lanka () and Iceland ()

Sri Lanka Exports

Date

Feb 2012

Jan 2012

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Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sri Lanka
Top DestinationUnited States$3.52B

Iceland
Top DestinationNetherlands$1.97B

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

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

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

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

Comparative Advantage Sri Lanka - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Sri Lanka had a large net trade with Iceland in the exports of Textiles ($3.41M), Instruments ($360k), and Plastics and Rubbers ($230k).

During 2017, Iceland had a large net trade with Sri Lanka in the exports of Mineral Products ($219k), Metals ($54.5k), and Textiles ($28.2k).

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 Sri Lanka and Iceland. This means that a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over Iceland. Similarly, a dot/product with the flag of Iceland indicates it has a comparative advantage over Sri Lanka.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Sri Lanka () and Iceland ()

Sri Lanka Exports

Iceland Exports

Market Competitiveness

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

Comparative Advantage Sri Lanka - Iceland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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