Sri Lanka and Italy Trade relations

Trade relations between Sri Lanka and Italy continue to expand, reflecting a dynamic and mutually beneficial economic partnership. With consistent growth over the years, Sri Lanka maintains a strong and favourable trade balance, underscoring its position as a reliable trading partner for Italy.

In 2025, total bilateral trade reached a notable EUR 827 million, with Sri Lankan exports contributing EUR 582 million and imports from Italy amounting to EUR 245 million. Italy stands as the 5th largest export destination for Sri Lankan products, representing 5.2% of total exports, while also ranking as the 13th largest source of imports.

Sri Lanka is widely recognised for its high-quality apparel and textiles worldwide, which also enjoy strong demand across Europe. As a result, Sri Lanka’s exports to Italy are predominantly driven by this sector. In addition, Sri Lanka exports industrial rubber tyres, premium seafood, world-renowned Ceylon tea and precious gems, showcasing the breadth and excellence of its industries.

These exports are largely strengthened by preferential market access under the European Union GSP+ scheme, providing a significant advantage for Italian businesses seeking value and quality at competitive price.

At the same time, Italy plays a vital role in contributing to Sri Lanka’s industrial and manufacturing sectors by supplying advanced machinery, high-quality fabrics, industrial equipment, iron and steel and chemical products, fostering innovation and productivity across key sectors.

Despite global economic fluctuations, the overall trend points to deepening economic integration and expanding opportunities for collaboration. Sri Lanka invites Italian businesses and investors to explore its vibrant market, strategic location and strong trade connectivity.

Discover new opportunities and connect with Sri Lanka’s export community:

Department of Commerce of Sri Lanka

Sri Lanka Export Development Board