Sri Lanka
↔
Mexico

Sri Lanka-Mexico Bilateral Trade Analysis 2023

Complete trade statistics: $176.73M total volume •Sri Lanka surplus: $176.73M

Sri Lanka → Mexico

$176.73M

Exports (2023)

Mexico → Sri Lanka

$0

Imports (2023)

Trade Balance

$176.73M

Surplus for Sri Lanka

Total Trade

$176.73M

Combined Volume

Trade Flow Visualization

Direct trade relationship between Sri Lanka and Mexico. 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-Mexico commercial relationship and competitive positioning in global markets.

Sri Lanka → Mexico Exports

$176.73M
2023 Total

Export Market Intelligence

Product Diversity:
Specialized Focus
Market Share:
25.6% top product
1Spices: cinnamon (Cinnamomum zeylanicum Blume), neither crushed nor ground
$45.27M
25.6% of exports
2Coconut, abaca (Manila hemp or Musa textilis Nee), ramie and other vegetable textile fibres n.e.c., raw or processed but not spun: tow, noils and waste of these fibres (including yarn waste and garnetted stock)
$19.96M
11.3% of exports
3Vegetable products: n.e.c. in chapter 14
$13.49M
7.6% of exports
4Insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships
$9.13M
5.2% of exports
5Machinery: parts of the machinery of heading no. 8427
$8.69M
4.9% of exports

🎯 Strategic Export Focus

Sri Lanka's export portfolio to Mexico demonstrates strategic specialization, with spices: cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground representing a key competitive advantage in this bilateral market.

Mexico → Sri Lanka Imports

$0
2023 Total

Import Dependency Profile

Supply Diversity:
Concentrated
Critical Imports:
Infinity% concentration
1Organic compounds: n.e.c. in chapter 29
$2.03M
Infinity% of imports
2Yeasts: active
$879,986
Infinity% of imports
3Vegetable products: n.e.c. in chapter 14
$829,360
Infinity% of imports
4Colouring matter: pigments and preparations based on titanium dioxide, containing 80% or more by weight of titanium dioxide calculated on the dry matter
$762,581
Infinity% of imports
5Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus
$689,936
Infinity% of imports

📦 Import Strategy Analysis

Sri Lanka's import pattern from Mexico reveals significant dependencyin organic compounds: n.e.c. in chapter 29, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

Sri Lanka demonstrates competitive strength in exportingspices: cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground to Mexico, leveraging comparative advantages.

Export Leader in 5+ Categories
🔄

Trade Complementarity

The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.

Specialized Exchange
📈

Growth Potential

The $176.73M trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Significant Partnership

Executive Summary: Sri Lanka-Mexico Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $176.73 millionrepresenting a significant bilateral economic relationship
  • Trade Balance: Sri Lanka maintains a surplus of $176.73 million
  • Export Focus: Sri Lanka's primary exports include spices: cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground, coconut, abaca (manila hemp or musa textilis nee), ramie and other vegetable textile fibres n.e.c., raw or processed but not spun: tow, noils and waste of these fibres (including yarn waste and garnetted stock), vegetable products: n.e.c. in chapter 14
  • Import Dependencies: Key imports from Mexico include organic compounds: n.e.c. in chapter 29, yeasts: active, vegetable products: n.e.c. in chapter 14

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationConcentrated
Trade Balance HealthImbalanced

📈 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 $176.73M 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 spices: cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground.

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

1

Comparative Advantage

Sri Lanka's specialization in spices: cinnamon (cinnamomum zeylanicum blume), neither crushed nor groundcomplements Mexico's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in organic compounds: n.e.c. in chapter 29.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $176.73M bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationMedium
Market DependencyHigh
🔮

Trade Relationship Outlook

The $176.73M 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 $176.73 million bilateral trade volume represents a important trade relationshipfor both economies.

Economic Significance: Moderate
🏭

Industrial Integration

Trade flows in spices: cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground and organic compounds: n.e.c. in chapter 29 demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Specialized
⚖️

Trade Balance Effects

Sri Lanka's trade surplus of $176.73 million strengthens its overall economic position in this bilateral relationship.

Balance Impact: Export Advantage

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in coconut, abaca (manila hemp or musa textilis nee), ramie and other vegetable textile fibres n.e.c., raw or processed but not spun: tow, noils and waste of these fibres (including yarn waste and garnetted stock) present expansion opportunities.
Market Diversification
Beyond current focus on organic compounds: n.e.c. in chapter 29, new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities
High trade imbalance may create supply chain risks
Market Competition
Global competition in spices: cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground may affect future market positioning.

🎯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 Mexico represents a total trade volume of $176.73 million in 2023. This partnership demonstrates a favorable trade balance for Sri Lanka, with exports exceeding importsby $176.73 million.

Export Strengths

Sri Lanka's exports to Mexico total $176.73 million, with competitive advantages in spices: cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground, representing $45.27M or25.6% of bilateral exports.

Import Dependencies

Imports from Mexico amount to $0.00, highlighting economic interdependence in organic compounds: n.e.c. in chapter 29, with Organic compounds: n.e.c. in chapter 29 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 Mexico in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023