Sri Lanka-Israel Bilateral Trade Analysis 2023
Complete trade statistics: $159.26M total volume •Sri Lanka surplus: $159.26M
Sri Lanka → Israel
$159.26M
Exports (2023)
Israel → Sri Lanka
$0
Imports (2023)
Trade Balance
$159.26M
Surplus for Sri Lanka
Total Trade
$159.26M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Sri Lanka and Israel. 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-Israel commercial relationship and competitive positioning in global markets.
Sri Lanka → Israel Exports
Export Market Intelligence
🎯 Strategic Export Focus
Sri Lanka's export portfolio to Israel demonstrates strategic specialization, with diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set representing a key competitive advantage in this bilateral market.
Israel → Sri Lanka Imports
Import Dependency Profile
📦 Import Strategy Analysis
Sri Lanka's import pattern from Israel reveals significant dependencyin diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Sri Lanka demonstrates competitive strength in exportingdiamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set to Israel, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $159.26M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Sri Lanka-Israel Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $159.26 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Sri Lanka maintains a surplus of $159.26 million
- Export Focus: Sri Lanka's primary exports include diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set, tea, black: (fermented) and partly fermented tea, in immediate packings of a content not exceeding 3kg, diamonds: non-industrial, unworked or simply sawn, cleaved or bruted, but not mounted or set
- Import Dependencies: Key imports from Israel include diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set, diamonds: non-industrial, unworked or simply sawn, cleaved or bruted, but not mounted or set, yarn, synthetic: filament, monofilament (less than 67 decitex), textured, of nylon or other polyamides, measuring per single yarn not more than 50 decitex, not for retail sale, not sewing thread
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 $159.26M 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 diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set.
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 diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or setcomplements Israel's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $159.26M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $159.26M 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 $159.26 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set and diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Sri Lanka's trade surplus of $159.26 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 Israel represents a total trade volume of $159.26 million in 2023. This partnership demonstrates a favorable trade balance for Sri Lanka, with exports exceeding importsby $159.26 million.
Export Strengths
Sri Lanka's exports to Israel total $159.26 million, with competitive advantages in diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set, representing $118.38M or74.3% of bilateral exports.
Import Dependencies
Imports from Israel amount to $0.00, highlighting economic interdependence in diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set, with Diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set 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 Israel in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023