Sri Lanka-Russian Federation Bilateral Trade Analysis 2023
Complete trade statistics: $395.04M total volume •Sri Lanka deficit: $395.04M
Sri Lanka → Russian Federation
$0
Exports (2023)
Russian Federation → Sri Lanka
$395.04M
Imports (2023)
Trade Balance
$395.04M
Deficit for Sri Lanka
Total Trade
$395.04M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Sri Lanka and Russian Federation. 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-Russian Federation commercial relationship and competitive positioning in global markets.
Sri Lanka → Russian Federation Exports
Export Market Intelligence
🎯 Strategic Export Focus
Sri Lanka's export portfolio to Russian Federation 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.
Russian Federation → Sri Lanka Imports
Import Dependency Profile
📦 Import Strategy Analysis
Sri Lanka's import pattern from Russian Federation reveals significant dependencyin coal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated, 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 Russian Federation, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $395.04M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Sri Lanka-Russian Federation Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $395.04 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Sri Lanka maintains a deficit of $395.04 million
- Export Focus: Sri Lanka's primary exports include tea, black: (fermented) and partly fermented tea, in immediate packings of a content exceeding 3kg, tea, black: (fermented) and partly fermented tea, in immediate packings of a content not exceeding 3kg, tea, green: (not fermented), in immediate packings of a content not exceeding 3kg
- Import Dependencies: Key imports from Russian Federation include coal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated, oils: petroleum oils and oils obtained from bituminous minerals, crude, asbestos: other than crocidolite (blue asbestos)
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 $395.04M 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 Russian Federation's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in coal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $395.04M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $395.04M 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 $395.04 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 coal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Sri Lanka's trade deficit of $395.04 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 Russian Federation represents a total trade volume of $395.04 million in 2023. This partnership demonstrates an unfavorable trade balance for Sri Lanka, with imports exceeding exportsby $395.04 million.
Export Strengths
Sri Lanka's exports to Russian Federation total $0.00, with competitive advantages in tea, black: (fermented) and partly fermented tea, in immediate packings of a content exceeding 3kg, representing $81.40M orInfinity% of bilateral exports.
Import Dependencies
Imports from Russian Federation amount to $395.04 million, highlighting economic interdependence in coal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated, with Coal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated comprising70.6% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Sri Lanka's strategic sourcing from Russian Federation. 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 Russian Federation in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023