Sri Lanka-Italy Bilateral Trade Analysis 2023
Complete trade statistics: $890.16M total volume •Sri Lanka surplus: $409.05M
Sri Lanka → Italy
$649.60M
Exports (2023)
Italy → Sri Lanka
$240.55M
Imports (2023)
Trade Balance
$409.05M
Surplus for Sri Lanka
Total Trade
$890.16M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Sri Lanka and Italy. 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-Italy commercial relationship and competitive positioning in global markets.
Sri Lanka → Italy Exports
Export Market Intelligence
🎯 Strategic Export Focus
Sri Lanka's export portfolio to Italy demonstrates strategic specialization, with brassieres: whether or not knitted or crocheted representing a key competitive advantage in this bilateral market.
Italy → Sri Lanka Imports
Import Dependency Profile
📦 Import Strategy Analysis
Sri Lanka's import pattern from Italy reveals significant dependencyin fabrics: knitted or crocheted fabrics of a width exceeding 30 cm, other than those of heading 60.01, containing by weight 5% or more of elastomeric yarn but not containing rubber thread, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Sri Lanka demonstrates competitive strength in exportingbrassieres: whether or not knitted or crocheted to Italy, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $890.16M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Sri Lanka-Italy Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $890.16 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Sri Lanka maintains a surplus of $409.05 million
- Export Focus: Sri Lanka's primary exports include brassieres: whether or not knitted or crocheted, briefs and panties: women's or girls', of man-made fibres, knitted or crocheted, t-shirts, singlets and other vests: of cotton, knitted or crocheted
- Import Dependencies: Key imports from Italy include fabrics: knitted or crocheted fabrics of a width exceeding 30 cm, other than those of heading 60.01, containing by weight 5% or more of elastomeric yarn but not containing rubber thread, fabrics: narrow (excluding pile fabrics), containing by weight 5% or more of elastomeric yarn or rubber thread, yarn, synthetic: filament, monofilament (less than 67 decitex), of nylon or other polymides (not high tenacity or textured), single, untwisted or twisted 50 turns or less per metre, 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 $890.16M 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 brassieres: whether or not knitted or crocheted.
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 brassieres: whether or not knitted or crochetedcomplements Italy's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in fabrics: knitted or crocheted fabrics of a width exceeding 30 cm, other than those of heading 60.01, containing by weight 5% or more of elastomeric yarn but not containing rubber thread.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $890.16M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $890.16M 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 $890.16 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in brassieres: whether or not knitted or crocheted and fabrics: knitted or crocheted fabrics of a width exceeding 30 cm, other than those of heading 60.01, containing by weight 5% or more of elastomeric yarn but not containing rubber thread demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Sri Lanka's trade surplus of $409.05 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 Italy represents a total trade volume of $890.16 million in 2023. This partnership demonstrates a favorable trade balance for Sri Lanka, with exports exceeding importsby $409.05 million.
Export Strengths
Sri Lanka's exports to Italy total $649.60 million, with competitive advantages in brassieres: whether or not knitted or crocheted, representing $146.89M or22.6% of bilateral exports.
Import Dependencies
Imports from Italy amount to $240.55 million, highlighting economic interdependence in fabrics: knitted or crocheted fabrics of a width exceeding 30 cm, other than those of heading 60.01, containing by weight 5% or more of elastomeric yarn but not containing rubber thread, with Fabrics: knitted or crocheted fabrics of a width exceeding 30 cm, other than those of heading 60.01, containing by weight 5% or more of elastomeric yarn but not containing rubber thread comprising23.6% 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 Italy in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023