USA-Sri Lanka Bilateral Trade Analysis 2023
Complete trade statistics: $3.42B total volume •USA deficit: $2.44B
USA → Sri Lanka
$487.37M
Exports (2023)
Sri Lanka → USA
$2.93B
Imports (2023)
Trade Balance
$2.44B
Deficit for USA
Total Trade
$3.42B
Combined Volume
Trade Flow Visualization
Direct trade relationship between USA and Sri Lanka. Green line shows exports from USA, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the USA-Sri Lanka commercial relationship and competitive positioning in global markets.
USA → Sri Lanka Exports
Export Market Intelligence
🎯 Strategic Export Focus
USA's export portfolio to Sri Lanka demonstrates strategic specialization, with oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil representing a key competitive advantage in this bilateral market.
Sri Lanka → USA Imports
Import Dependency Profile
📦 Import Strategy Analysis
USA's import pattern from Sri Lanka reveals significant dependencyin brassieres: whether or not knitted or crocheted, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
USA demonstrates competitive strength in exportingoil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil to Sri Lanka, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $3.42B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: USA-Sri Lanka Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $3.42 billionrepresenting a significant bilateral economic relationship
- Trade Balance: USA maintains a deficit of $2.44 billion
- Export Focus: USA's primary exports include oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil, medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, turbo-jets: of a thrust exceeding 25kn
- Import Dependencies: Key imports from Sri Lanka include brassieres: whether or not knitted or crocheted, rubber: tyres n.e.c. in heading no. 4012, gloves, mittens and mitts: knitted or crocheted, impregnated, coated or covered with plastics or rubber
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 $3.42B 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 USA leveraging its comparative advantages in oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil.
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
USA's specialization in oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oilcomplements Sri Lanka's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in brassieres: whether or not knitted or crocheted.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $3.42B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $3.42B 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 $3.42 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil and brassieres: whether or not knitted or crocheted demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
USA's trade deficit of $2.44 billion 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 USA and Sri Lanka represents a total trade volume of $3.42 billion in 2023. This partnership demonstrates an unfavorable trade balance for USA, with imports exceeding exportsby $2.44 billion.
Export Strengths
USA's exports to Sri Lanka total $487.37 million, with competitive advantages in oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil, representing $99.16M or20.3% of bilateral exports.
Import Dependencies
Imports from Sri Lanka amount to $2.93 billion, highlighting economic interdependence in brassieres: whether or not knitted or crocheted, with Brassieres: whether or not knitted or crocheted comprising7.9% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates USA'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 USA and Sri Lanka in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023