Sri Lanka-Indonesia Bilateral Trade Analysis 2023
Complete trade statistics: $375.62M total volume •Sri Lanka deficit: $375.62M
Sri Lanka → Indonesia
$0
Exports (2023)
Indonesia → Sri Lanka
$375.62M
Imports (2023)
Trade Balance
$375.62M
Deficit for Sri Lanka
Total Trade
$375.62M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Sri Lanka and Indonesia. 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-Indonesia commercial relationship and competitive positioning in global markets.
Sri Lanka → Indonesia Exports
Export Market Intelligence
🎯 Strategic Export Focus
Sri Lanka's export portfolio to Indonesia demonstrates strategic specialization, with fabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04,and other than those made of wool, fine animal hair, cotton, synthetic or artificial fibres representing a key competitive advantage in this bilateral market.
Indonesia → Sri Lanka Imports
Import Dependency Profile
📦 Import Strategy Analysis
Sri Lanka's import pattern from Indonesia reveals significant dependencyin vegetable oils: coconut (copra) oil and its fractions, other than crude, whether or not refined, but not chemically modified, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Sri Lanka demonstrates competitive strength in exportingfabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04,and other than those made of wool, fine animal hair, cotton, synthetic or artificial fibres to Indonesia, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $375.62M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Sri Lanka-Indonesia Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $375.62 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Sri Lanka maintains a deficit of $375.62 million
- Export Focus: Sri Lanka's primary exports include fabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04,and other than those made of wool, fine animal hair, cotton, synthetic or artificial fibres, fabrics: warp knit (including those made on galloon knitting machines), other than those of headings 60.01 to 60.04, of synthetic fibres, dyed, machinery: for preparing or making up tobacco, n.e.c. in this chapter
- Import Dependencies: Key imports from Indonesia include vegetable oils: coconut (copra) oil and its fractions, other than crude, whether or not refined, but not chemically modified, 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, tobacco, (not stemmed or stripped)
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 $375.62M 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 fabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04,and other than those made of wool, fine animal hair, cotton, synthetic or artificial fibres.
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 fabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04,and other than those made of wool, fine animal hair, cotton, synthetic or artificial fibrescomplements Indonesia's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in vegetable oils: coconut (copra) oil and its fractions, other than crude, whether or not refined, but not chemically modified.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $375.62M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $375.62M 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 $375.62 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in fabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04,and other than those made of wool, fine animal hair, cotton, synthetic or artificial fibres and vegetable oils: coconut (copra) oil and its fractions, other than crude, whether or not refined, but not chemically modified demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Sri Lanka's trade deficit of $375.62 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 Sri Lanka and Indonesia represents a total trade volume of $375.62 million in 2023. This partnership demonstrates an unfavorable trade balance for Sri Lanka, with imports exceeding exportsby $375.62 million.
Export Strengths
Sri Lanka's exports to Indonesia total $0.00, with competitive advantages in fabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04,and other than those made of wool, fine animal hair, cotton, synthetic or artificial fibres, representing $6.52M orInfinity% of bilateral exports.
Import Dependencies
Imports from Indonesia amount to $375.62 million, highlighting economic interdependence in vegetable oils: coconut (copra) oil and its fractions, other than crude, whether or not refined, but not chemically modified, with Vegetable oils: coconut (copra) oil and its fractions, other than crude, whether or not refined, but not chemically modified comprising18.4% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Sri Lanka's strategic sourcing from Indonesia. 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 Indonesia in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023