2022
Exports
$36kWorld Rnk 104 / 156
Flag Rnk 762 / 1074
2022
PRODUCT COMPLEXITY IN Drilling Machines
1.13Rnk 123 / 1025
2022
Imports
$1.34MWorld Rnk 94 / 210
Flag Rnk 636 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $36k in Drilling Machines, making it the 104th largest exporter of Drilling Machines in the world. At the same year, Drilling Machines was the 762nd most exported product in Sri Lanka. The main destination of Drilling Machines exports from Sri Lanka are: Singapore ($16.1k), Japan ($8.06k), United States ($3.61k), Maldives ($2.35k), and Papua New Guinea ($2.09k).

The fastest growing export markets for Drilling Machines of Sri Lanka between 2021 and 2022 were Singapore ($16.1k), Japan ($8.06k), and United States ($3.61k).

Imports In 2022, Sri Lanka imported $1.34M in Drilling Machines, becoming the 94th largest importer of Drilling Machines in the world. At the same year, Drilling Machines was the 636th most imported product in Sri Lanka. Sri Lanka imports Drilling Machines primarily from: China ($814k), United Kingdom ($132k), United States ($83.8k), Germany ($61.4k), and Japan ($45.6k).

The fastest growing import markets in Drilling Machines for Sri Lanka between 2021 and 2022 were China ($251k), Germany ($34.2k), and Thailand ($25.7k).

COMPANIES In 2023, leading companies such as John Deere (4) were at the forefront of shipping Drilling Machines from Sri Lanka to the United States.

Latest Trends

Oct 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 Drilling Machines. 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)$36k
IMPORTS (2022)$1.34M
NET TRADE (2022)-$1.31M

In 2022, Sri Lanka exported $36k in Drilling Machines. The main destinations of Sri Lanka exports on Drilling Machines were Singapore ($16.1k), Japan ($8.06k), United States ($3.61k), Maldives ($2.35k), and Papua New Guinea ($2.09k).

In 2022, Sri Lanka imported $1.34M in Drilling Machines, mainly from China ($814k), United Kingdom ($132k), United States ($83.8k), Germany ($61.4k), and Japan ($45.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Drilling Machines EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
Singapore$16.1k (1%)
Japan$8.06k (1%)
United States$3.61k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Drilling Machines BY Sri Lanka WERE (2021 - 2022):
Oman-$35.6k (-97.3%)
Switzerland-$16.7k (-100%)
United Arab Emirates-$2.63k (-98.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Drilling Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $2.28k
TOP IMPORT POTENTIALChina+ $203k

Drilling Machines’s highest export potential is India. With an export gap of $2.28k.   Drilling Machines’s highest import potential is China with an import gap of $203k.

See methodology.

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