2022
Exports
$27.9MWorld Rnk 42 / 186
Flag Rnk 80 / 1074
2022
PRODUCT COMPLEXITY IN Coffee and Tea Extracts
-0.5Rnk 703 / 1025
2022
Imports
$2.88MWorld Rnk 134 / 221
Flag Rnk 484 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $27.9M in Coffee and Tea Extracts, making it the 42nd largest exporter of Coffee and Tea Extracts in the world. At the same year, Coffee and Tea Extracts was the 80th most exported product in Sri Lanka. The main destination of Coffee and Tea Extracts exports from Sri Lanka are: Ireland ($22M), Pakistan ($776k), Indonesia ($607k), United States ($592k), and China ($390k).

The fastest growing export markets for Coffee and Tea Extracts of Sri Lanka between 2021 and 2022 were Pakistan ($333k), Mongolia ($288k), and Kuwait ($270k).

Imports In 2022, Sri Lanka imported $2.88M in Coffee and Tea Extracts, becoming the 134th largest importer of Coffee and Tea Extracts in the world. At the same year, Coffee and Tea Extracts was the 484th most imported product in Sri Lanka. Sri Lanka imports Coffee and Tea Extracts primarily from: Malaysia ($1.82M), India ($515k), United Kingdom ($164k), Vietnam ($135k), and Thailand ($130k).

The fastest growing import markets in Coffee and Tea Extracts for Sri Lanka between 2021 and 2022 were United Kingdom ($93.4k), Chinese Taipei ($12.1k), and Egypt ($812).

COMPANIES In 2023, leading companies such as Walmart (1), Gap (1), and Banana Republic (1) were at the forefront of shipping Coffee and Tea Extracts from Sri Lanka to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Coffee and Tea Extracts. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$27.9M
IMPORTS (2022)$2.88M
NET TRADE (2022)$25M

In 2022, Sri Lanka exported $27.9M in Coffee and Tea Extracts. The main destinations of Sri Lanka exports on Coffee and Tea Extracts were Ireland ($22M), Pakistan ($776k), Indonesia ($607k), United States ($592k), and China ($390k).

In 2022, Sri Lanka imported $2.88M in Coffee and Tea Extracts, mainly from Malaysia ($1.82M), India ($515k), United Kingdom ($164k), Vietnam ($135k), and Thailand ($130k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Coffee and Tea Extracts EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
Pakistan$333k (75%)
Mongolia$288k (15.7k%)
Kuwait$270k (1.87k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coffee and Tea Extracts BY Sri Lanka WERE (2021 - 2022):
China-$872k (-69.1%)
Maldives-$545k (-62%)
Thailand-$544k (-89.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Sri Lanka's main exporting competitors in Coffee and Tea Extracts were:
In 2022, Sri Lanka's main importing competitors in Coffee and Tea Extracts were:

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Trade Value of Coffee and Tea Extracts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $1.61M
TOP IMPORT POTENTIALIndia+ $470k

Coffee and Tea Extracts’s highest export potential is United States. With an export gap of $1.61M.   Coffee and Tea Extracts’s highest import potential is India with an import gap of $470k.

See methodology.

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