Sri Lanka-Spain Bilateral Trade Analysis 2023
Complete trade statistics: $208.31M total volume •Sri Lanka surplus: $208.31M
Sri Lanka → Spain
$208.31M
Exports (2023)
Spain → Sri Lanka
$0
Imports (2023)
Trade Balance
$208.31M
Surplus for Sri Lanka
Total Trade
$208.31M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Sri Lanka and Spain. 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-Spain commercial relationship and competitive positioning in global markets.
Sri Lanka → Spain Exports
Export Market Intelligence
🎯 Strategic Export Focus
Sri Lanka's export portfolio to Spain demonstrates strategic specialization, with brassieres: whether or not knitted or crocheted representing a key competitive advantage in this bilateral market.
Spain → Sri Lanka Imports
Import Dependency Profile
📦 Import Strategy Analysis
Sri Lanka's import pattern from Spain reveals significant dependencyin signalling apparatus: parts of the electric, sound or visual apparatus of heading no. 8531, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Sri Lanka demonstrates competitive strength in exportingbrassieres: whether or not knitted or crocheted to Spain, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $208.31M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Sri Lanka-Spain Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $208.31 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Sri Lanka maintains a surplus of $208.31 million
- Export Focus: Sri Lanka's primary exports include brassieres: whether or not knitted or crocheted, tobacco: partly or wholly stemmed or stripped, boards, panels, consoles, desks and other bases: for electric control or the distribution of electricity, (other than switching apparatus of heading no. 8517), for a voltage exceeding 1000 volts
- Import Dependencies: Key imports from Spain include signalling apparatus: parts of the electric, sound or visual apparatus of heading no. 8531, enamels and glazes: vitrifiable enamels and glazes, engobes (slips) and similar preparations, iron or steel: nails, tacks, drawing pins, corrugated nails, staples (not those of heading no. 8305) and the like, with heads of other material or not, but excluding articles with heads of copper
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 $208.31M 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 brassieres: whether or not knitted or crocheted.
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 brassieres: whether or not knitted or crochetedcomplements Spain's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in signalling apparatus: parts of the electric, sound or visual apparatus of heading no. 8531.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $208.31M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $208.31M 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 $208.31 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in brassieres: whether or not knitted or crocheted and signalling apparatus: parts of the electric, sound or visual apparatus of heading no. 8531 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Sri Lanka's trade surplus of $208.31 million strengthens 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 Spain represents a total trade volume of $208.31 million in 2023. This partnership demonstrates a favorable trade balance for Sri Lanka, with exports exceeding importsby $208.31 million.
Export Strengths
Sri Lanka's exports to Spain total $208.31 million, with competitive advantages in brassieres: whether or not knitted or crocheted, representing $18.23M or8.8% of bilateral exports.
Import Dependencies
Imports from Spain amount to $0.00, highlighting economic interdependence in signalling apparatus: parts of the electric, sound or visual apparatus of heading no. 8531, with Signalling apparatus: parts of the electric, sound or visual apparatus of heading no. 8531 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 Spain in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023