Bangladesh-Sri Lanka Bilateral Trade Analysis 2023
Complete trade statistics: $176.93M total volume •Bangladesh deficit: $176.93M
Bangladesh → Sri Lanka
$0
Exports (2023)
Sri Lanka → Bangladesh
$176.93M
Imports (2023)
Trade Balance
$176.93M
Deficit for Bangladesh
Total Trade
$176.93M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Bangladesh and Sri Lanka. Green line shows exports from Bangladesh, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Bangladesh-Sri Lanka commercial relationship and competitive positioning in global markets.
Bangladesh → Sri Lanka Exports
Export Market Intelligence
🎯 Strategic Export Focus
Bangladesh's export portfolio to Sri Lanka demonstrates strategic specialization, with medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale representing a key competitive advantage in this bilateral market.
Sri Lanka → Bangladesh Imports
Import Dependency Profile
📦 Import Strategy Analysis
Bangladesh's import pattern from Sri Lanka reveals significant dependencyin signalling apparatus: parts of the electric, sound or visual apparatus of heading no. 8531, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Bangladesh demonstrates competitive strength in exportingmedicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale to Sri Lanka, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $176.93M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Bangladesh-Sri Lanka Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $176.93 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Bangladesh maintains a deficit of $176.93 million
- Export Focus: Bangladesh's primary exports include medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, briefs and panties: women's or girls', of cotton, knitted or crocheted, brassieres: whether or not knitted or crocheted
- Import Dependencies: Key imports from Sri Lanka include signalling apparatus: parts of the electric, sound or visual apparatus of heading no. 8531, petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, fabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04, of cotton, dyed
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $176.93M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Bangladesh leveraging its comparative advantages in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Bangladesh's specialization in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail salecomplements Sri Lanka's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in signalling apparatus: parts of the electric, sound or visual apparatus of heading no. 8531.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $176.93M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $176.93M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $176.93 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale and signalling apparatus: parts of the electric, sound or visual apparatus of heading no. 8531 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Bangladesh's trade deficit of $176.93 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Bangladesh and Sri Lanka represents a total trade volume of $176.93 million in 2023. This partnership demonstrates an unfavorable trade balance for Bangladesh, with imports exceeding exportsby $176.93 million.
Export Strengths
Bangladesh's exports to Sri Lanka total $0.00, with competitive advantages in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, representing $23.66M orInfinity% of bilateral exports.
Import Dependencies
Imports from Sri Lanka amount to $176.93 million, highlighting economic interdependence in signalling apparatus: parts of the electric, sound or visual apparatus of heading no. 8531, with Signalling apparatus: parts of the electric, sound or visual apparatus of heading no. 8531 comprising19.6% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Bangladesh's strategic sourcing from Sri Lanka. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
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Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023