Sri Lanka
↔
Thailand

Sri Lanka-Thailand Bilateral Trade Analysis 2023

Complete trade statistics: $286.72M total volume •Sri Lanka deficit: $286.72M

Sri Lanka → Thailand

$0

Exports (2023)

Thailand → Sri Lanka

$286.72M

Imports (2023)

Trade Balance

$286.72M

Deficit for Sri Lanka

Total Trade

$286.72M

Combined Volume

Trade Flow Visualization

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

Sri Lanka → Thailand Exports

$0
2023 Total

Export Market Intelligence

Product Diversity:
Specialized Focus
Market Share:
Infinity% top product
1Stones: rubies, sapphires and emeralds, worked (other than simply sawn or roughly shaped), not strung, mounted or set
$78.27M
Infinity% of exports
2Stones: precious (other than diamonds) and semi-precious stones, (other than rubies, sapphires and emeralds), worked other than simply sawn or roughly shaped, not strung, mounted or set
$5.21M
Infinity% of exports
3Wheat or meslin flour
$3.61M
Infinity% of exports
4Electrical capacitors: fixed, dielectric of paper or plastics
$2.61M
Infinity% of exports
5Diamonds: non-industrial, unworked or simply sawn, cleaved or bruted, but not mounted or set
$2.05M
Infinity% of exports

🎯 Strategic Export Focus

Sri Lanka's export portfolio to Thailand demonstrates strategic specialization, with stones: rubies, sapphires and emeralds, worked (other than simply sawn or roughly shaped), not strung, mounted or set representing a key competitive advantage in this bilateral market.

Thailand → Sri Lanka Imports

$286.72M
2023 Total

Import Dependency Profile

Supply Diversity:
Concentrated
Critical Imports:
8.6% 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
$24.67M
8.6% of imports
2Rubber: technically specified natural rubber (TSNR), in primary forms or in plates, sheets or strip (excluding latex and smoked sheets)
$12.52M
4.4% of imports
3Rubber: natural rubber latex, whether or not pre-vulcanised, in primary forms or in plates, sheets or strip
$10.91M
3.8% of imports
4Sugars: sucrose, chemically pure, in solid form, not containing added flavouring or colouring matter
$9.99M
3.5% of imports
5Dried herrings, anchovies, sardines, sardinella, brisling or sprats, mackerel (incl Indian, jack, or horse), seerfishes, jacks, crevalles, cobia, silver pomfrets, Pacific saury, scads, capelin, swordfish, Kawakawa, bonitos, marlins, sailfishes, spearfish
$8.56M
3.0% of imports

📦 Import Strategy Analysis

Sri Lanka's import pattern from Thailand 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 exportingstones: rubies, sapphires and emeralds, worked (other than simply sawn or roughly shaped), not strung, mounted or set to Thailand, 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 $286.72M trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Significant Partnership

Executive Summary: Sri Lanka-Thailand Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $286.72 millionrepresenting a significant bilateral economic relationship
  • Trade Balance: Sri Lanka maintains a deficit of $286.72 million
  • Export Focus: Sri Lanka's primary exports include stones: rubies, sapphires and emeralds, worked (other than simply sawn or roughly shaped), not strung, mounted or set, stones: precious (other than diamonds) and semi-precious stones, (other than rubies, sapphires and emeralds), worked other than simply sawn or roughly shaped, not strung, mounted or set, wheat or meslin flour
  • Import Dependencies: Key imports from Thailand 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, rubber: technically specified natural rubber (tsnr), in primary forms or in plates, sheets or strip (excluding latex and smoked sheets), rubber: natural rubber latex, whether or not pre-vulcanised, in primary forms or in plates, sheets or strip

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 $286.72M 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 stones: rubies, sapphires and emeralds, worked (other than simply sawn or roughly shaped), not strung, 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

1

Comparative Advantage

Sri Lanka's specialization in stones: rubies, sapphires and emeralds, worked (other than simply sawn or roughly shaped), not strung, mounted or setcomplements Thailand'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 $286.72M bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationMedium
Market DependencyHigh
🔮

Trade Relationship Outlook

The $286.72M 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 $286.72 million bilateral trade volume represents a important trade relationshipfor both economies.

Economic Significance: Moderate
🏭

Industrial Integration

Trade flows in stones: rubies, sapphires and emeralds, worked (other than simply sawn or roughly shaped), not strung, mounted or set 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 $286.72 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 stones: precious (other than diamonds) and semi-precious stones, (other than rubies, sapphires and emeralds), worked other than simply sawn or roughly shaped, not strung, mounted or set 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 stones: rubies, sapphires and emeralds, worked (other than simply sawn or roughly shaped), not strung, mounted or set 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 Thailand represents a total trade volume of $286.72 million in 2023. This partnership demonstrates an unfavorable trade balance for Sri Lanka, with imports exceeding exportsby $286.72 million.

Export Strengths

Sri Lanka's exports to Thailand total $0.00, with competitive advantages in stones: rubies, sapphires and emeralds, worked (other than simply sawn or roughly shaped), not strung, mounted or set, representing $78.27M orInfinity% of bilateral exports.

Import Dependencies

Imports from Thailand amount to $286.72 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 comprising8.6% of total imports.

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