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2023
Flag → Flag
Exports $146MRnk 22 / 200
2023
Flag → Flag
Top Product $122MTea
2023
Flag → Flag
Exports $395MRnk 52 / 137
2023
Flag → Flag
Top Product $279MCoal Briquettes
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
Flag  
GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
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GDP GROWTH9.55%CURRENT US$
Rnk 157 / 195
2023
Flag
 GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
Flag
GDP PC $3,828CURRENT US$
Rnk 132 / 195
2013-2023
Flag
GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195
2023
Flag
GDP PC$13,817CURRENT US$
Rnk 74 / 196
2013-2023
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GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195

About

Sri Lanka-Russia Trade: In 2023, Sri Lanka exported $146M to Russia. The main products that Sri Lanka exported to Russia were Tea ($122M), Rubber Apparel ($2.26M), and Coconut and Other Vegetable Fibers ($2.25M). Over the past 5 years the exports of Sri Lanka to Russia have decreased at an annualized rate of 13%, from $294M in 2018 to $146M in 2023.

In 2023, Sri Lanka did not export any services to Russia.

Russia-Sri Lanka Trade: In 2023, Russia exported $395M to Sri Lanka. The main products that Russia exported to Sri Lanka were Coal Briquettes ($279M), Crude Petroleum ($80.7M), and Asbestos ($8.99M). Over the past 5 years the exports of Russia to Sri Lanka have increased at an annualized rate of 15.9%,  from $105M in 2018 to $395M in 2023.

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 2023,  Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B). That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sri Lanka exported $146M to Russia. The main products exported from Sri Lanka to Russia were Tea ($122M), Rubber Apparel ($2.26M), and Coconut and Other Vegetable Fibers ($2.25M). During the last 5 years the exports of Sri Lanka to Russia have decreased at an annualized rate of 13%, from $294M in 2018 to $146M in 2023.

In 2018, Russia exported $395M to Sri Lanka. The main products exported from Russia to Sri Lanka were Coal Briquettes ($279M), Crude Petroleum ($80.7M), and Asbestos ($8.99M). During the last 5 years the exports of Russia to Sri Lanka have increased at an annualized rate of 15.9%, from $105M in 2023 to $395M in 2018.

Exports from Sri Lanka (Flag) to Russia (Flag) (2023)

Exports from Russia (Flag) to Sri Lanka (Flag) (2023)

Latest Data

Trade between Sri Lanka (Flag) and Russia (Flag)

Sri Lanka Exports

Date

Russia Exports

Market Competitiveness

Color
Sri Lanka
Top DestinationUnited States$2.98B
Russia
Top DestinationChina$129B

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 2023, countries that imported more from Sri Lanka than Russia included United Kingdom ($900M), Canada ($379M), and Australia ($255M).

In 2023, countries that imported more from Russia than Sri Lanka included China ($129B), India ($66.1B), and Turkey ($31B).

Difference in imports from Russia (Flag) and Sri Lanka (Flag) (2023)

Comparative Advantage Sri Lanka - Russia

Flow
Scale

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

During 2023, Sri Lanka had a large net trade with Russia in the exports of Vegetable Products ($125M), Textiles ($4.5M), and Plastics and Rubbers ($4.23M).

During 2018, Russia had a large net trade with Sri Lanka in the exports of Mineral Products ($369M), Vegetable Products ($11.7M), and Metals ($6.59M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sri Lanka Russia+$4.69kNon-Knit Women's Suits
Top Product Potential Russia Sri Lanka+$10.3kRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

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 (Flag) to Sri Lanka (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Sri Lanka and Russia. This means that a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over Sri Lanka.

Product Space of Sri Lanka (Flag) and Russia (Flag) (2023)

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