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2022
Flag → Flag
Exports $146MRnk 22 / 194
2022
Flag → Flag
Top Product $131MTea
2022
Flag → Flag
Exports $323MRnk 72 / 138
2022
Flag → Flag
Top Product $236MCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
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Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
Flag  
GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
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GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
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 GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
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GDP PC $3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC$15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186

About

Sri Lanka-Russia Trade: In 2022, Sri Lanka exported $146M to Russia. The main products that Sri Lanka exported to Russia were Tea ($131M), Non-fillet Frozen Fish ($2.31M), and Coconut and Other Vegetable Fibers ($2.21M). Over the past 5 years the exports of Sri Lanka to Russia have decreased at an annualized rate of 9.13%, from $236M in 2017 to $146M in 2022.

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

Russia-Sri Lanka Trade: 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). Over the past 5 years the exports of Russia to Sri Lanka have increased at an annualized rate of 22.6%,  from $117M in 2017 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 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B). That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth
Value

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 5 years the exports of Sri Lanka to Russia have decreased at an annualized rate of 9.13%, from $236M in 2017 to $146M in 2022.

In 2017, 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 5 years the exports of Russia to Sri Lanka have increased at an annualized rate of 22.6%, from $117M in 2022 to $323M in 2017.

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

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

Latest Data

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

Sri Lanka Exports

Date

Russia Exports

Market Competitiveness

Color
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 2022, countries that imported more from Sri Lanka than Russia included Bangladesh ($225M), Iraq ($164M), and Maldives ($128M).

In 2022, countries that imported more from Russia than Sri Lanka included China ($101B), India ($40.4B), and Germany ($27.7B).

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

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 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 2017, 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).

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) (2022)

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