2022
Exports
$4.91MWorld Rnk 102 / 216
Flag Rnk 200 / 1074
2022
PRODUCT COMPLEXITY IN Industrial Fatty Acids, Oils and Alcohols
-0.69Rnk 753 / 1025
2022
Imports
$38MWorld Rnk 94 / 222
Flag Rnk 97 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $4.91M in Industrial Fatty Acids, Oils and Alcohols, making it the 102nd largest exporter of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 200th most exported product in Sri Lanka. The main destination of Industrial Fatty Acids, Oils and Alcohols exports from Sri Lanka are: Indonesia ($2.09M), Singapore ($1.4M), Maldives ($473k), Chinese Taipei ($156k), and Bangladesh ($154k).

The fastest growing export markets for Industrial Fatty Acids, Oils and Alcohols of Sri Lanka between 2021 and 2022 were Singapore ($1.37M), South Africa ($79.1k), and Bangladesh ($67.6k).

Imports In 2022, Sri Lanka imported $38M in Industrial Fatty Acids, Oils and Alcohols, becoming the 94th largest importer of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 97th most imported product in Sri Lanka. Sri Lanka imports Industrial Fatty Acids, Oils and Alcohols primarily from: China ($8.27M), India ($6.47M), Malaysia ($5.3M), Vietnam ($4.71M), and Singapore ($4.13M).

The fastest growing import markets in Industrial Fatty Acids, Oils and Alcohols for Sri Lanka between 2021 and 2022 were China ($742k), Indonesia ($153k), and South Korea ($136k).

Latest Trends

Jul 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 Industrial Fatty Acids, Oils and Alcohols. 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)$4.91M
IMPORTS (2022)$38M
NET TRADE (2022)-$33.1M

In 2022, Sri Lanka exported $4.91M in Industrial Fatty Acids, Oils and Alcohols. The main destinations of Sri Lanka exports on Industrial Fatty Acids, Oils and Alcohols were Indonesia ($2.09M), Singapore ($1.4M), Maldives ($473k), Chinese Taipei ($156k), and Bangladesh ($154k).

In 2022, Sri Lanka imported $38M in Industrial Fatty Acids, Oils and Alcohols, mainly from China ($8.27M), India ($6.47M), Malaysia ($5.3M), Vietnam ($4.71M), and Singapore ($4.13M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Fatty Acids, Oils and Alcohols EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
Singapore$1.37M (5.09k%)
South Africa$79.1k (10.7k%)
Bangladesh$67.6k (78.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Fatty Acids, Oils and Alcohols BY Sri Lanka WERE (2021 - 2022):
Indonesia-$327k (-13.5%)
China-$284k (-69.2%)
South Korea-$262k (-76.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Sri Lanka's main exporting competitors in Industrial Fatty Acids, Oils and Alcohols were:
In 2022, Sri Lanka's main importing competitors in Industrial Fatty Acids, Oils and Alcohols were:

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Trade Value of Industrial Fatty Acids, Oils and Alcohols by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIndia+ $1.02M
TOP IMPORT POTENTIALIndonesia+ $4.57M

Industrial Fatty Acids, Oils and Alcohols’s highest export potential is India. With an export gap of $1.02M.   Industrial Fatty Acids, Oils and Alcohols’s highest import potential is Indonesia with an import gap of $4.57M.

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