Sri Lanka-New Zealand Bilateral Trade Analysis 2023
Complete trade statistics: $243.45M total volume •Sri Lanka deficit: $243.45M
Sri Lanka → New Zealand
$0
Exports (2023)
New Zealand → Sri Lanka
$243.45M
Imports (2023)
Trade Balance
$243.45M
Deficit for Sri Lanka
Total Trade
$243.45M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Sri Lanka and New Zealand. 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-New Zealand commercial relationship and competitive positioning in global markets.
Sri Lanka → New Zealand Exports
Export Market Intelligence
🎯 Strategic Export Focus
Sri Lanka's export portfolio to New Zealand demonstrates strategic specialization, with tea, black: (fermented) and partly fermented tea, in immediate packings of a content not exceeding 3kg representing a key competitive advantage in this bilateral market.
New Zealand → Sri Lanka Imports
Import Dependency Profile
📦 Import Strategy Analysis
Sri Lanka's import pattern from New Zealand reveals significant dependencyin dairy produce: milk and cream, concentrated, not containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight), highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Sri Lanka demonstrates competitive strength in exportingtea, black: (fermented) and partly fermented tea, in immediate packings of a content not exceeding 3kg to New Zealand, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $243.45M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Sri Lanka-New Zealand Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $243.45 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Sri Lanka maintains a deficit of $243.45 million
- Export Focus: Sri Lanka's primary exports include tea, black: (fermented) and partly fermented tea, in immediate packings of a content not exceeding 3kg, gloves, mittens and mitts: knitted or crocheted, impregnated, coated or covered with plastics or rubber, sails: for boats, sailboards or landcraft
- Import Dependencies: Key imports from New Zealand include dairy produce: milk and cream, concentrated, not containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight), dairy produce: milk and cream, concentrated or containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content not exceeding 1.5% (by weight), poultry: live, fowls of the species gallus domesticus, weighing not more than 185g
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 $243.45M 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 tea, black: (fermented) and partly fermented tea, in immediate packings of a content not exceeding 3kg.
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 tea, black: (fermented) and partly fermented tea, in immediate packings of a content not exceeding 3kgcomplements New Zealand's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in dairy produce: milk and cream, concentrated, not containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight).
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $243.45M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $243.45M 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 $243.45 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in tea, black: (fermented) and partly fermented tea, in immediate packings of a content not exceeding 3kg and dairy produce: milk and cream, concentrated, not containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight) demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Sri Lanka's trade deficit of $243.45 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 New Zealand represents a total trade volume of $243.45 million in 2023. This partnership demonstrates an unfavorable trade balance for Sri Lanka, with imports exceeding exportsby $243.45 million.
Export Strengths
Sri Lanka's exports to New Zealand total $0.00, with competitive advantages in tea, black: (fermented) and partly fermented tea, in immediate packings of a content not exceeding 3kg, representing $6.00M orInfinity% of bilateral exports.
Import Dependencies
Imports from New Zealand amount to $243.45 million, highlighting economic interdependence in dairy produce: milk and cream, concentrated, not containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight), with Dairy produce: milk and cream, concentrated, not containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight) comprising90.8% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Sri Lanka's strategic sourcing from New Zealand. 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
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Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023