Sri Lanka-Other Asia, nes Bilateral Trade Analysis 2023
Complete trade statistics: $275.01M total volume •Sri Lanka deficit: $275.01M
Sri Lanka → Other Asia, nes
$0
Exports (2023)
Other Asia, nes → Sri Lanka
$275.01M
Imports (2023)
Trade Balance
$275.01M
Deficit for Sri Lanka
Total Trade
$275.01M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Sri Lanka and Other Asia, nes. 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-Other Asia, nes commercial relationship and competitive positioning in global markets.
Sri Lanka → Other Asia, nes Exports
Export Market Intelligence
🎯 Strategic Export Focus
Sri Lanka's export portfolio to Other Asia, nes demonstrates strategic specialization, with tea, black: (fermented) and partly fermented tea, in immediate packings of a content exceeding 3kg representing a key competitive advantage in this bilateral market.
Other Asia, nes → Sri Lanka Imports
Import Dependency Profile
📦 Import Strategy Analysis
Sri Lanka's import pattern from Other Asia, nes reveals significant dependencyin fabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04, of synthetic fibres, dyed, 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 exceeding 3kg to Other Asia, nes, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $275.01M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Sri Lanka-Other Asia, nes Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $275.01 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Sri Lanka maintains a deficit of $275.01 million
- Export Focus: Sri Lanka's primary exports include tea, black: (fermented) and partly fermented tea, in immediate packings of a content exceeding 3kg, carbon: activated, fish: frozen, tuna, n.e.c. in item no. 0303.4, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99
- Import Dependencies: Key imports from Other Asia, nes include fabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04, of synthetic fibres, dyed, 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: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04,and other than those made of wool, fine animal hair, cotton, synthetic or artificial fibres
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 $275.01M 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 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 exceeding 3kgcomplements Other Asia, nes'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, other than those of headings 60.01 to 60.04, of synthetic fibres, dyed.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $275.01M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $275.01M 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 $275.01 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 exceeding 3kg and fabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04, of synthetic fibres, dyed demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Sri Lanka's trade deficit of $275.01 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 Other Asia, nes represents a total trade volume of $275.01 million in 2023. This partnership demonstrates an unfavorable trade balance for Sri Lanka, with imports exceeding exportsby $275.01 million.
Export Strengths
Sri Lanka's exports to Other Asia, nes total $0.00, with competitive advantages in tea, black: (fermented) and partly fermented tea, in immediate packings of a content exceeding 3kg, representing $15.91M orInfinity% of bilateral exports.
Import Dependencies
Imports from Other Asia, nes amount to $275.01 million, highlighting economic interdependence in fabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04, of synthetic fibres, dyed, with Fabrics: knitted or crocheted fabrics, other than those of headings 60.01 to 60.04, of synthetic fibres, dyed comprising14.2% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Sri Lanka's strategic sourcing from Other Asia, nes. 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 Other Asia, nes in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023