2022
Exports
$132MWorld Rnk 68 / 149
Flag Rnk 28 / 1074
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
$337MWorld Rnk 65 / 158
Flag Rnk 5 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $132M in Crude Petroleum, making it the 68th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 28th most exported product in Sri Lanka. The main destination of Crude Petroleum exports from Sri Lanka are: India ($132M) and Singapore ($1).

The fastest growing export markets for Crude Petroleum of Sri Lanka between 2021 and 2022 were India ($132M) and Singapore ($1).

Imports In 2022, Sri Lanka imported $337M in Crude Petroleum, becoming the 65th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 5th most imported product in Sri Lanka. Sri Lanka imports Crude Petroleum primarily from: Russia ($236M), United Arab Emirates ($102M), Estonia ($366), Japan ($338), and India ($73).

The fastest growing import markets in Crude Petroleum for Sri Lanka between 2021 and 2022 were Russia ($236M), Estonia ($366), and Japan ($338).

Historical Data

Trade Balance

Color
EXPORTS (2022)$132M
IMPORTS (2022)$337M
NET TRADE (2022)-$205M

In 2022, Sri Lanka exported $132M in Crude Petroleum. The main destinations of Sri Lanka exports on Crude Petroleum were India ($132M) and Singapore ($1).

In 2022, Sri Lanka imported $337M in Crude Petroleum, mainly from Russia ($236M), United Arab Emirates ($102M), Estonia ($366), Japan ($338), and India ($73).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
India$132M (1%)
Singapore$1 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Sri Lanka WERE (2021 - 2022):United Arab Emirates-$5.28k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Sri Lanka's main exporting competitors in Crude Petroleum were:
In 2022, Sri Lanka's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $90M
TOP IMPORT POTENTIALSaudi Arabia+ $891

Crude Petroleum’s highest export potential is India. With an export gap of $90M.   Crude Petroleum’s highest import potential is Saudi Arabia with an import gap of $891.

See methodology.

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