NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

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

About

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 30.3%, 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.

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.

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

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $10.2M and imported $26.1M from Sri Lanka, resulting in a negative trade balance of $15.9M. Between January 2021 and January 2022 the exports of Russia have increased by $5.28M (107%) from $4.95M to $10.2M, while imports increased by $8.4M (47.5%) from $17.7M to $26.1M.

Trade In January 2022, the top exports of Russia to Sri Lanka were Coal Briquettes ($1.89M), Carbon ($1M), Asbestos ($656k), Kraft Paper ($406k), and Shaped Wood ($221k). In January 2022 the top imports of Russia from Sri Lanka were Tea ($5.99M), Other Women's Undergarments ($2.55M), Knit Women's Undergarments ($2.01M), Knit T-shirts ($1.03M), and Knit Men's Undergarments ($955k).

Origins In January 2022 the exports of Russia were mainly from KEMEROVO REGION ($4.9M), SVERDLOVSK REGION ($1.36M), VOLGOGRAD REGION ($1.31M), ARKHANGELSK REGION ($562k), and VORONEZH REGION ($543k), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($17.2M), MOSCOW REGION ($2.7M), LENINGRAD REGION ($2.46M), KRASNODAR TERRITORY ($1.53M), and ST. PETERSBURG ($684k).

Growth In January 2022, the increase in Russia's year-by-year exports to Sri Lanka was explained primarily by an increase in product exports in Carbon ($928k or 1.23k%), Dried Legumes ($182k or 600%), and Shaped Wood ($163k or 280%). In January 2022, the increase in Russia's year-by-year imports  from Sri Lanka was explained primarily by an increase in product imports  in Knit Men's Undergarments ($514k or 117%), Rubber Apparel ($286k or 73.6%), and Non-Knit Active Wear ($223k or 863%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$5.28M(107%)
IMPORT GROWTH (January 2021 - January 2022)$8.4M(47.5%)
MAIN EXPORTER (January 2022)KEMEROVO REGION$4.9M

This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time.

To check Sri Lanka and Russia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Sri Lanka and Russia Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 30.3%, from $105M in 2018 to $395M in 2023.

In 2018, 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 2023 to $146M in 2018.

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

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

Market Competitiveness

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

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

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

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

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

Comparative Advantage Russia - Sri Lanka

Flow
Scale

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

During 2023, Russia had a large net trade with Sri Lanka in the exports of Mineral Products ($369M), Vegetable Products ($11.7M), and Metals ($6.59M).

During 2018, 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).

Potential Exports

Potential Exports

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

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms