Sri Lanka-Australia Bilateral Trade Analysis 2023
Complete trade statistics: $246.86M total volume •Sri Lanka surplus: $246.86M
Sri Lanka → Australia
$246.86M
Exports (2023)
Australia → Sri Lanka
$0
Imports (2023)
Trade Balance
$246.86M
Surplus for Sri Lanka
Total Trade
$246.86M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Sri Lanka and Australia. Green line shows exports from Sri Lanka, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Sri Lanka-Australia commercial relationship and competitive positioning in global markets.
Sri Lanka → Australia Exports
Export Market Intelligence
🎯 Strategic Export Focus
Sri Lanka's export portfolio to Australia demonstrates strategic specialization, with gloves, mittens and mitts: knitted or crocheted, impregnated, coated or covered with plastics or rubber representing a key competitive advantage in this bilateral market.
Australia → Sri Lanka Imports
Import Dependency Profile
📦 Import Strategy Analysis
Sri Lanka's import pattern from Australia reveals significant dependencyin vegetables, leguminous: lentils, shelled, whether or not skinned or split, dried, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Sri Lanka demonstrates competitive strength in exportinggloves, mittens and mitts: knitted or crocheted, impregnated, coated or covered with plastics or rubber to Australia, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $246.86M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Sri Lanka-Australia Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $246.86 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Sri Lanka maintains a surplus of $246.86 million
- Export Focus: Sri Lanka's primary exports include gloves, mittens and mitts: knitted or crocheted, impregnated, coated or covered with plastics or rubber, tea, black: (fermented) and partly fermented tea, in immediate packings of a content not exceeding 3kg, rubber: tyres n.e.c. in heading no. 4012
- Import Dependencies: Key imports from Australia include vegetables, leguminous: lentils, shelled, whether or not skinned or split, dried, vegetables, leguminous: peas (pisum sativum), shelled, whether or not skinned or split, dried, cereals: oats, other than seed
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 $246.86M 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 Sri Lanka leveraging its comparative advantages in gloves, mittens and mitts: knitted or crocheted, impregnated, coated or covered with plastics or rubber.
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
Sri Lanka's specialization in gloves, mittens and mitts: knitted or crocheted, impregnated, coated or covered with plastics or rubbercomplements Australia's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in vegetables, leguminous: lentils, shelled, whether or not skinned or split, dried.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $246.86M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $246.86M 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 $246.86 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in gloves, mittens and mitts: knitted or crocheted, impregnated, coated or covered with plastics or rubber and vegetables, leguminous: lentils, shelled, whether or not skinned or split, dried demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Sri Lanka's trade surplus of $246.86 million strengthens 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 Sri Lanka and Australia represents a total trade volume of $246.86 million in 2023. This partnership demonstrates a favorable trade balance for Sri Lanka, with exports exceeding importsby $246.86 million.
Export Strengths
Sri Lanka's exports to Australia total $246.86 million, with competitive advantages in gloves, mittens and mitts: knitted or crocheted, impregnated, coated or covered with plastics or rubber, representing $22.35M or9.1% of bilateral exports.
Import Dependencies
Imports from Australia amount to $0.00, highlighting economic interdependence in vegetables, leguminous: lentils, shelled, whether or not skinned or split, dried, with Vegetables, leguminous: lentils, shelled, whether or not skinned or split, dried comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Sri Lanka's competitive position in this bilateral relationship. 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
Access detailed trade data between Sri Lanka and Australia in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023