2022
Exports | Imports
$201M | $29.2MWorld Rnk 39 / 221
Flag Rnk 17 / 1074
World Rnk 113 / 224
Flag Rnk 116 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.42Rnk 80 / 124
2022
PRODUCT COMPLEXITY IN Excavation Machinery
1.1Rnk 137 / 1025

About

Exports In 2022, Sri Lanka exported $201M in Excavation Machinery, making it the 39th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 17th most exported product in Sri Lanka. The main destination of Excavation Machinery exports from Sri Lanka are: United States ($65.5M), Germany ($38.6M), United Kingdom ($19.1M), France ($18.1M), and Canada ($16.3M).

The fastest growing export markets for Excavation Machinery of Sri Lanka between 2021 and 2022 were Germany ($17.7M), United Kingdom ($8.77M), and India ($2.84M).

Imports In 2022, Sri Lanka imported $29.2M in Excavation Machinery, becoming the 113th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 116th most imported product in Sri Lanka. Sri Lanka imports Excavation Machinery primarily from: China ($16.3M), India ($4.28M), France ($1.51M), United Kingdom ($1.05M), and Singapore ($1.05M).

The fastest growing import markets in Excavation Machinery for Sri Lanka between 2021 and 2022 were India ($2.76M), France ($1.4M), and Netherlands ($745k).

COMPANIES In 2023, leading companies such as CNH INDUSTRIAL AMERICA LLC (100) were at the forefront of shipping Excavation Machinery from Sri Lanka to the United States.

Latest Trends

Jan 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 Excavation Machinery. 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)$201M
IMPORTS (2022)$29.2M
NET TRADE (2022)$172M

In 2022, Sri Lanka exported $201M in Excavation Machinery. The main destinations of Sri Lanka exports on Excavation Machinery were United States ($65.5M), Germany ($38.6M), United Kingdom ($19.1M), France ($18.1M), and Canada ($16.3M).

In 2022, Sri Lanka imported $29.2M in Excavation Machinery, mainly from China ($16.3M), India ($4.28M), France ($1.51M), United Kingdom ($1.05M), and Singapore ($1.05M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
Germany$17.7M (84.2%)
United Kingdom$8.77M (84.7%)
India$2.84M (317%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Sri Lanka WERE (2021 - 2022):
Canada-$1.94M (-10.6%)
Czechia-$782k (-19.3%)
Netherlands-$546k (-43.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Excavation Machinery by Exporters

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