Sri Lanka
↔
Oman

Sri Lanka-Oman Bilateral Trade Analysis 2023

Complete trade statistics: $273.15M total volume •Sri Lanka deficit: $273.15M

Sri Lanka → Oman

$0

Exports (2023)

Oman → Sri Lanka

$273.15M

Imports (2023)

Trade Balance

$273.15M

Deficit for Sri Lanka

Total Trade

$273.15M

Combined Volume

Trade Flow Visualization

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

Sri Lanka → Oman Exports

$0
2023 Total

Export Market Intelligence

Product Diversity:
Specialized Focus
Market Share:
Infinity% top product
1Electric accumulators: lead-acid, (other than for starting piston engines), including separators, whether or not rectangular (including square)
$5.24M
Infinity% of exports
2Automatic data processing machines: comprising in the same housing at least a central processing unit and an input and output unit, whether or not combined, n.e.c. in item no. 8471.30
$3.61M
Infinity% of exports
3Vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc
$3.37M
Infinity% of exports
4Electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (LED)
$2.75M
Infinity% of exports
5Acyclic amides (including acyclic carbamates) and their derivatives: salts thereof, other than meprobamate (INN), fluoroacetamide (ISO), monocrotophos (ISO) or phosphamidon (ISO)
$2.67M
Infinity% of exports

🎯 Strategic Export Focus

Sri Lanka's export portfolio to Oman demonstrates strategic specialization, with electric accumulators: lead-acid, (other than for starting piston engines), including separators, whether or not rectangular (including square) representing a key competitive advantage in this bilateral market.

Oman → Sri Lanka Imports

$273.15M
2023 Total

Import Dependency Profile

Supply Diversity:
Concentrated
Critical Imports:
61.1% concentration
1Petroleum 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
$166.96M
61.1% of imports
2Petroleum gases and other gaseous hydrocarbons: liquefied, n.e.c. in heading no. 2711
$60.11M
22.0% of imports
3Fertilizers, mineral or chemical: nitrogenous, urea, whether or not in aqueous solution
$12.65M
4.6% of imports
4Cement clinkers (whether or not coloured)
$11.94M
4.4% of imports
5Iron or non-alloy steel: semi-finished products of iron or non-alloy steel: containing by weight less than 0.25% of carbon, of rectangular (including square) cross-section, width less than twice thickness
$7.85M
2.9% of imports

📦 Import Strategy Analysis

Sri Lanka's import pattern from Oman reveals significant dependencyin 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, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

Sri Lanka demonstrates competitive strength in exportingelectric accumulators: lead-acid, (other than for starting piston engines), including separators, whether or not rectangular (including square) to Oman, 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 $273.15M trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Significant Partnership

Executive Summary: Sri Lanka-Oman Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $273.15 millionrepresenting a significant bilateral economic relationship
  • Trade Balance: Sri Lanka maintains a deficit of $273.15 million
  • Export Focus: Sri Lanka's primary exports include electric accumulators: lead-acid, (other than for starting piston engines), including separators, whether or not rectangular (including square), automatic data processing machines: comprising in the same housing at least a central processing unit and an input and output unit, whether or not combined, n.e.c. in item no. 8471.30, vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc
  • Import Dependencies: Key imports from Oman include 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, petroleum gases and other gaseous hydrocarbons: liquefied, n.e.c. in heading no. 2711, fertilizers, mineral or chemical: nitrogenous, urea, whether or not in aqueous solution

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 $273.15M 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 electric accumulators: lead-acid, (other than for starting piston engines), including separators, whether or not rectangular (including square).

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 electric accumulators: lead-acid, (other than for starting piston engines), including separators, whether or not rectangular (including square)complements Oman's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in 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.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $273.15M bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationMedium
Market DependencyHigh
🔮

Trade Relationship Outlook

The $273.15M 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 $273.15 million bilateral trade volume represents a important trade relationshipfor both economies.

Economic Significance: Moderate
🏭

Industrial Integration

Trade flows in electric accumulators: lead-acid, (other than for starting piston engines), including separators, whether or not rectangular (including square) and 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 demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Specialized
⚖️

Trade Balance Effects

Sri Lanka's trade deficit of $273.15 million impacts its overall economic position in this bilateral relationship.

Balance Impact: Import Dependency

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in automatic data processing machines: comprising in the same housing at least a central processing unit and an input and output unit, whether or not combined, n.e.c. in item no. 8471.30 present expansion opportunities.
Market Diversification
Beyond current focus on 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, 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 electric accumulators: lead-acid, (other than for starting piston engines), including separators, whether or not rectangular (including square) 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 Oman represents a total trade volume of $273.15 million in 2023. This partnership demonstrates an unfavorable trade balance for Sri Lanka, with imports exceeding exportsby $273.15 million.

Export Strengths

Sri Lanka's exports to Oman total $0.00, with competitive advantages in electric accumulators: lead-acid, (other than for starting piston engines), including separators, whether or not rectangular (including square), representing $5.24M orInfinity% of bilateral exports.

Import Dependencies

Imports from Oman amount to $273.15 million, highlighting economic interdependence in 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, with 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 comprising61.1% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Sri Lanka's strategic sourcing from Oman. 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.

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