United Arab Emirates-Sri Lanka Bilateral Trade Analysis 2023
Complete trade statistics: $2.10B total volume •United Arab Emirates surplus: $1.34B
United Arab Emirates → Sri Lanka
$1.72B
Exports (2023)
Sri Lanka → United Arab Emirates
$381.68M
Imports (2023)
Trade Balance
$1.34B
Surplus for United Arab Emirates
Total Trade
$2.10B
Combined Volume
Trade Flow Visualization
Direct trade relationship between United Arab Emirates and Sri Lanka. Green line shows exports from United Arab Emirates, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the United Arab Emirates-Sri Lanka commercial relationship and competitive positioning in global markets.
United Arab Emirates → Sri Lanka Exports
Export Market Intelligence
🎯 Strategic Export Focus
United Arab Emirates's export portfolio to Sri Lanka demonstrates strategic specialization, with oils: petroleum oils and oils obtained from bituminous minerals, crude representing a key competitive advantage in this bilateral market.
Sri Lanka → United Arab Emirates Imports
Import Dependency Profile
📦 Import Strategy Analysis
United Arab Emirates's import pattern from Sri Lanka 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
United Arab Emirates demonstrates competitive strength in exportingoils: petroleum oils and oils obtained from bituminous minerals, crude to Sri Lanka, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $2.10B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: United Arab Emirates-Sri Lanka Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $2.10 billionrepresenting a significant bilateral economic relationship
- Trade Balance: United Arab Emirates maintains a surplus of $1.34 billion
- Export Focus: United Arab Emirates's primary exports include oils: petroleum oils and oils obtained from bituminous minerals, crude, 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, metals: gold, non-monetary, powder
- Import Dependencies: Key imports from Sri Lanka 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, tea, black: (fermented) and partly fermented tea, in immediate packings of a content exceeding 3kg, stones: rubies, sapphires and emeralds, worked (other than simply sawn or roughly shaped), not strung, mounted or set
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 $2.10B 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 United Arab Emirates leveraging its comparative advantages in oils: petroleum oils and oils obtained from bituminous minerals, crude.
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
United Arab Emirates's specialization in oils: petroleum oils and oils obtained from bituminous minerals, crudecomplements Sri Lanka's demand patterns, creating natural trade synergies.
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.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $2.10B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $2.10B 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 $2.10 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in oils: petroleum oils and oils obtained from bituminous minerals, crude 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.
Trade Balance Effects
United Arab Emirates's trade surplus of $1.34 billion 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 United Arab Emirates and Sri Lanka represents a total trade volume of $2.10 billion in 2023. This partnership demonstrates a favorable trade balance for United Arab Emirates, with exports exceeding importsby $1.34 billion.
Export Strengths
United Arab Emirates's exports to Sri Lanka total $1.72 billion, with competitive advantages in oils: petroleum oils and oils obtained from bituminous minerals, crude, representing $840.55M or48.8% of bilateral exports.
Import Dependencies
Imports from Sri Lanka amount to $381.68 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 comprising15.4% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates United Arab Emirates'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 United Arab Emirates and Sri Lanka in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023