2022
Exports
$132MWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2022
Imports
$921MWorld Rnk 56 / 159
Flag Rnk 2 / 1170
2023
ECONOMIC COMPLEXITY of Sri Lanka
-0.44Rnk 85 / 132

About

Imports In 2023, Sri Lanka imported $921M in Crude Petroleum, becoming the 56th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 2nd most imported product in Sri Lanka. Sri Lanka imports Crude Petroleum primarily from: United Arab Emirates ($841M), Russia ($80.7M), France ($1.69k), Singapore ($841), and India ($478).

The fastest growing import markets in Crude Petroleum for Sri Lanka between 2022 and 2023 were United Arab Emirates ($724M), France ($1.69k), and Singapore ($841).

Historical Data

Trade Balance

Color
EXPORTS (2022)$132M
IMPORTS (2023)$921M
NET TRADE (2023)-$921M

In 2023, Sri Lanka imported $921M in Crude Petroleum, mainly from United Arab Emirates ($841M), Russia ($80.7M), France ($1.69k), Singapore ($841), and India ($478).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Sri Lanka WERE (N/A - 2022):
India-$132M (-100%)
Singapore-$1 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Sri Lanka's main exporting competitors in Crude Petroleum were:
In 2023, 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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