Sri Lanka (LKA) and Russia (RUS) Trade | The Observatory of Economic Complexity

About

Sri Lanka-Russia In 2022, Sri Lanka exported $146M to Russia. The main products that Sri Lanka exported to Russia are Tea ($131M), Non-fillet Frozen Fish ($2.31M), and Coconut and Other Vegetable Fibers ($2.21M). During the last 26 years the exports of Sri Lanka to Russia have increased at an annualized rate of 3.31%, from $62.8M in 1996 to $146M in 2022.

In 2022, Sri Lanka did not export any services to Russia.

Russia-Sri Lanka In 2022, Russia exported $323M to Sri Lanka. The main products that Russia exported to Sri Lanka were Crude Petroleum ($236M), Coal Briquettes ($61.6M), and Carbon ($5.78M). During the last 26 years the exports of Russia to Sri Lanka have increased at an annualized rate of 19.6%, from $3.06M in 1996 to $323M in 2022.

In 2020, Russia exported services to Sri Lanka worth $1.72M, with Transportation ($1.1M), Other business services ($521k), and Communications services ($52k) being the largest in terms of value.

Comparison In 2022, Sri Lanka ranked 80 in the Economic Complexity Index (ECI -0.42), and 89 in total exports ($14.8B). That same year, Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Sri Lanka exported $146M to Russia. The main products exported from Sri Lanka to Russia were Tea ($131M), Non-fillet Frozen Fish ($2.31M), and Coconut and Other Vegetable Fibers ($2.21M). During the last 26 years the exports of Sri Lanka to Russia have increased at an annualized rate of 3.31%, from $62.8M in 1996 to $146M in 2022.

In 2022, Russia exported $323M to Sri Lanka. The main products exported from Russia to Sri Lanka were Crude Petroleum ($236M), Coal Briquettes ($61.6M), and Carbon ($5.78M). During the last 26 years the exports of Russia to Sri Lanka have increased at an annualized rate of 19.6%, from $3.06M in 1996 to $323M in 2022.

Exports from Sri Lanka () to Russia () (2022)

Exports from Russia () to Sri Lanka () (2022)

Latest Data

Trade between Sri Lanka () and Russia ()

Sri Lanka Exports

Date

Feb 2012

Jan 2012

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Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sri Lanka
Top DestinationUnited States$3.52B

Russia
Top DestinationChina$101B

This map shows whether countries import more from Sri Lanka or Russia. Each country is colored based on the difference in imports they receive from Sri Lanka and Russia or the difference in the growth in imports.

In 2021, countries that imported more from Sri Lanka than Russia were Bangladesh ($225M), Iraq ($164M), and Maldives ($128M).

In 2021, countries that imported more from Russia than Sri Lanka were China ($101B), India ($40.4B), and Germany ($27.7B).

Difference in imports from Russia () and Sri Lanka () (2022)

Comparative Advantage Sri Lanka - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Sri Lanka and Russia by product, considering products traded by both, Sri Lanka and Russia.

During 2022, Sri Lanka had a large net trade with Russia in the exports of Vegetable Products ($132M), Textiles ($5.36M), and Animal Products ($3.1M).

During 2022, Russia had a large net trade with Sri Lanka in the exports of Mineral Products ($302M), Chemical Products ($7.52M), and Vegetable Products ($5.42M).

Service Trade

Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Sri Lanka worth $1.72M, with Transportation ($1.1M), Other business services ($521k), and Communications services ($52k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Sri Lanka () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Sri Lanka has comparative advantage over Russia. Similarly, the more yellow a dot/product is, the more Russia has comparative advantage over Sri Lanka.

About

Historical Data

Bilateral Trade by Products

Exports from Sri Lanka () to Russia () (2022)

Exports from Russia () to Sri Lanka () (2022)

Latest Data

Trade between Sri Lanka () and Russia ()

Sri Lanka Exports

Russia Exports

Market Competitiveness

Difference in imports from Russia () and Sri Lanka () (2022)

Comparative Advantage Sri Lanka - Russia

Service Trade

Bilateral Service Trade

Services Exports from Russia () to Sri Lanka () (2020)

Economic Complexity

Competitive Landscape

Product Space of Sri Lanka () and Russia () (2022)

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