2023
Exports
$228MWorld Rnk 39 / 221
Flag Rnk 14 / 1073
2023
PRODUCT COMPLEXITY IN Excavation Machinery
1.14Rnk 128 / 1025
2023
Imports
$19.3MWorld Rnk 126 / 224
Flag Rnk 147 / 1170
2023
ECONOMIC COMPLEXITY of Sri Lanka
-0.44Rnk 85 / 132

About

Exports In 2023, Sri Lanka exported $228M in Excavation Machinery, making it the 39th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 14th most exported product in Sri Lanka. The main destination of Excavation Machinery exports from Sri Lanka are: United States ($86.5M), Germany ($29.5M), Canada ($25M), United Kingdom ($17.7M), and France ($13.9M).

The fastest growing export markets for Excavation Machinery of Sri Lanka between 2022 and 2023 were United States ($10.9M), Czechia ($2.9M), and Sweden ($2.78M).

Imports In 2023, Sri Lanka imported $19.3M in Excavation Machinery, becoming the 126th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 147th most imported product in Sri Lanka. Sri Lanka imports Excavation Machinery primarily from: Turkey ($5.59M), China ($4.67M), Singapore ($2.13M), Germany ($1.7M), and India ($1.67M).

The fastest growing import markets in Excavation Machinery for Sri Lanka between 2022 and 2023 were Turkey ($1.85M), Singapore ($1.17M), and Germany ($495k).

COMPANIES In 2024, leading companies such as ZF Friedrichshafen (12) and CNH Industrial (7) were at the forefront of shipping Excavation Machinery from Sri Lanka to the United States.

Latest Trends

Dec 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 (2023)$228M
IMPORTS (2023)$19.3M
NET TRADE (2023)$209M

In 2023, Sri Lanka exported $228M in Excavation Machinery. The main destinations of Sri Lanka exports on Excavation Machinery were United States ($86.5M), Germany ($29.5M), Canada ($25M), United Kingdom ($17.7M), and France ($13.9M).

In 2023, Sri Lanka imported $19.3M in Excavation Machinery, mainly from Turkey ($5.59M), China ($4.67M), Singapore ($2.13M), Germany ($1.7M), and India ($1.67M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Sri Lanka WERE (2022 - 2023):
United States$10.9M (14.5%)
Czechia$2.9M (159%)
Sweden$2.78M (352%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Sri Lanka WERE (2022 - 2023):
Germany-$12M (-28.8%)
India-$2.43M (-78%)
Austria-$1.93M (-26.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Sri Lanka's main exporting competitors in Excavation Machinery were:
In 2023, Sri Lanka's main importing competitors in Excavation Machinery were:

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $24.5M
TOP IMPORT POTENTIALChina+ $9.72M

Excavation Machinery’s highest export potential is United States. With an export gap of $24.5M.   Excavation Machinery’s highest import potential is China with an import gap of $9.72M.

See methodology.

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