2022
Exports
$43.6kWorld Rnk 93 / 182
Flag Rnk 745 / 1074
2022
PRODUCT COMPLEXITY IN Electromagnets
1.02Rnk 163 / 1025
2022
Imports
$1.34MWorld Rnk 94 / 216
Flag Rnk 638 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $43.6k in Electromagnets, making it the 93rd largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 745th most exported product in Sri Lanka. The main destination of Electromagnets exports from Sri Lanka are: India ($25.7k), Croatia ($8.82k), United States ($3.13k), Maldives ($2.32k), and Jordan ($1.52k).

The fastest growing export markets for Electromagnets of Sri Lanka between 2021 and 2022 were Croatia ($8.82k), India ($5.39k), and Jordan ($1.52k).

Imports In 2022, Sri Lanka imported $1.34M in Electromagnets, becoming the 94th largest importer of Electromagnets in the world. At the same year, Electromagnets was the 638th most imported product in Sri Lanka. Sri Lanka imports Electromagnets primarily from: China ($472k), India ($248k), Germany ($188k), United States ($87.5k), and Japan ($71.8k).

The fastest growing import markets in Electromagnets for Sri Lanka between 2021 and 2022 were Italy ($42.2k), Austria ($30.9k), and United States ($21.9k).

COMPANIES In 2023, leading companies such as Robert Bosch (1) were at the forefront of shipping Electromagnets from Sri Lanka to the United States.

Latest Trends

Nov 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 Electromagnets. 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)$43.6k
IMPORTS (2022)$1.34M
NET TRADE (2022)-$1.29M

In 2022, Sri Lanka exported $43.6k in Electromagnets. The main destinations of Sri Lanka exports on Electromagnets were India ($25.7k), Croatia ($8.82k), United States ($3.13k), Maldives ($2.32k), and Jordan ($1.52k).

In 2022, Sri Lanka imported $1.34M in Electromagnets, mainly from China ($472k), India ($248k), Germany ($188k), United States ($87.5k), and Japan ($71.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electromagnets EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
Croatia$8.82k (1%)
India$5.39k (26.6%)
Jordan$1.52k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electromagnets BY Sri Lanka WERE (2021 - 2022):
Switzerland-$13.5k (-99.6%)
United States-$5.11k (-62%)
China-$4.3k (-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 Electromagnets were:
China $6.28B
Germany $1.24B
Japan $1.18B
In 2022, Sri Lanka's main importing competitors in Electromagnets were:

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Trade Value of Electromagnets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $30.9k
TOP IMPORT POTENTIALChina+ $546k

Electromagnets’s highest export potential is India. With an export gap of $30.9k.   Electromagnets’s highest import potential is China with an import gap of $546k.

See methodology.

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