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

About

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.

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.

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

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

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Historical Data

Bilateral Trade by Products

Depth
Value

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 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 2017, 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 2022 to $146M in 2017.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$101B
Sri Lanka
Top DestinationUnited States$3.52B

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

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

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

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 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).

During 2017, Sri Lanka had a large net trade with Russia in the exports of Vegetable Products ($132M), Textiles ($5.36M), and Animal Products ($3.1M).

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.

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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) (2022)

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