United Kingdom-Sri Lanka Bilateral Trade Analysis 2023
Complete trade statistics: $1.10B total volume •United Kingdom deficit: $694.36M
United Kingdom → Sri Lanka
$203.19M
Exports (2023)
Sri Lanka → United Kingdom
$897.55M
Imports (2023)
Trade Balance
$694.36M
Deficit for United Kingdom
Total Trade
$1.10B
Combined Volume
Trade Flow Visualization
Direct trade relationship between United Kingdom and Sri Lanka. Green line shows exports from United Kingdom, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the United Kingdom-Sri Lanka commercial relationship and competitive positioning in global markets.
United Kingdom → Sri Lanka Exports
Export Market Intelligence
🎯 Strategic Export Focus
United Kingdom's export portfolio to Sri Lanka demonstrates strategic specialization, with turbo-jets: of a thrust exceeding 25kn representing a key competitive advantage in this bilateral market.
Sri Lanka → United Kingdom Imports
Import Dependency Profile
📦 Import Strategy Analysis
United Kingdom's import pattern from Sri Lanka reveals significant dependencyin garments and clothing accessories: babies', of cotton, knitted or crocheted, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
United Kingdom demonstrates competitive strength in exportingturbo-jets: of a thrust exceeding 25kn to Sri Lanka, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $1.10B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: United Kingdom-Sri Lanka Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $1.10 billionrepresenting a significant bilateral economic relationship
- Trade Balance: United Kingdom maintains a deficit of $694.36 million
- Export Focus: United Kingdom's primary exports include turbo-jets: of a thrust exceeding 25kn, whiskies, turbines: parts of turbo-jets and turbo-propellers
- Import Dependencies: Key imports from Sri Lanka include garments and clothing accessories: babies', of cotton, knitted or crocheted, t-shirts, singlets and other vests: of cotton, knitted or crocheted, brassieres: whether or not knitted or crocheted
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 $1.10B 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 Kingdom leveraging its comparative advantages in turbo-jets: of a thrust exceeding 25kn.
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 Kingdom's specialization in turbo-jets: of a thrust exceeding 25kncomplements Sri Lanka's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in garments and clothing accessories: babies', of cotton, knitted or crocheted.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $1.10B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $1.10B 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 $1.10 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in turbo-jets: of a thrust exceeding 25kn and garments and clothing accessories: babies', of cotton, knitted or crocheted demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
United Kingdom's trade deficit of $694.36 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 United Kingdom and Sri Lanka represents a total trade volume of $1.10 billion in 2023. This partnership demonstrates an unfavorable trade balance for United Kingdom, with imports exceeding exportsby $694.36 million.
Export Strengths
United Kingdom's exports to Sri Lanka total $203.19 million, with competitive advantages in turbo-jets: of a thrust exceeding 25kn, representing $30.27M or14.9% of bilateral exports.
Import Dependencies
Imports from Sri Lanka amount to $897.55 million, highlighting economic interdependence in garments and clothing accessories: babies', of cotton, knitted or crocheted, with Garments and clothing accessories: babies', of cotton, knitted or crocheted comprising9.4% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates United Kingdom's strategic sourcing from Sri Lanka. 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 Kingdom and Sri Lanka in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023