Sri Lanka-Switzerland Bilateral Trade Analysis 2023
Complete trade statistics: $301.83M total volume •Sri Lanka surplus: $301.83M
Sri Lanka → Switzerland
$301.83M
Exports (2023)
Switzerland → Sri Lanka
$0
Imports (2023)
Trade Balance
$301.83M
Surplus for Sri Lanka
Total Trade
$301.83M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Sri Lanka and Switzerland. 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-Switzerland commercial relationship and competitive positioning in global markets.
Sri Lanka → Switzerland Exports
Export Market Intelligence
🎯 Strategic Export Focus
Sri Lanka's export portfolio to Switzerland demonstrates strategic specialization, with diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set representing a key competitive advantage in this bilateral market.
Switzerland → Sri Lanka Imports
Import Dependency Profile
📦 Import Strategy Analysis
Sri Lanka's import pattern from Switzerland reveals significant dependencyin electrical apparatus: plugs and sockets, for a voltage not exceeding 1000 volts, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Sri Lanka demonstrates competitive strength in exportingdiamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set to Switzerland, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $301.83M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Sri Lanka-Switzerland Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $301.83 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Sri Lanka maintains a surplus of $301.83 million
- Export Focus: Sri Lanka's primary exports include diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set, stones: rubies, sapphires and emeralds, worked (other than simply sawn or roughly shaped), not strung, mounted or set, 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 not exceeding 1000 volts
- Import Dependencies: Key imports from Switzerland include electrical apparatus: plugs and sockets, for a voltage not exceeding 1000 volts, diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set, ink: for printing, other than black, whether or not concentrated or solid
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 $301.83M 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 diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set.
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 diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or setcomplements Switzerland's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in electrical apparatus: plugs and sockets, for a voltage not exceeding 1000 volts.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $301.83M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $301.83M 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 $301.83 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set and electrical apparatus: plugs and sockets, for a voltage not exceeding 1000 volts demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Sri Lanka's trade surplus of $301.83 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 Switzerland represents a total trade volume of $301.83 million in 2023. This partnership demonstrates a favorable trade balance for Sri Lanka, with exports exceeding importsby $301.83 million.
Export Strengths
Sri Lanka's exports to Switzerland total $301.83 million, with competitive advantages in diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set, representing $49.29M or16.3% of bilateral exports.
Import Dependencies
Imports from Switzerland amount to $0.00, highlighting economic interdependence in electrical apparatus: plugs and sockets, for a voltage not exceeding 1000 volts, with Electrical apparatus: plugs and sockets, for a voltage not exceeding 1000 volts 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 Switzerland in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023