2022
Exports
$9.34MWorld Rnk 59 / 224
Flag Rnk 152 / 1074
2022
PRODUCT COMPLEXITY IN Iron Fasteners
1.68Rnk 27 / 1025
2022
Imports
$29.5MWorld Rnk 87 / 225
Flag Rnk 115 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $9.34M in Iron Fasteners, making it the 59th largest exporter of Iron Fasteners in the world. At the same year, Iron Fasteners was the 152nd most exported product in Sri Lanka. The main destination of Iron Fasteners exports from Sri Lanka are: United States ($7.01M), Germany ($540k), Seychelles ($266k), Kuwait ($200k), and Maldives ($183k).

The fastest growing export markets for Iron Fasteners of Sri Lanka between 2021 and 2022 were United States ($3.05M), Germany ($440k), and Seychelles ($265k).

Imports In 2022, Sri Lanka imported $29.5M in Iron Fasteners, becoming the 87th largest importer of Iron Fasteners in the world. At the same year, Iron Fasteners was the 115th most imported product in Sri Lanka. Sri Lanka imports Iron Fasteners primarily from: China ($17.3M), India ($3.4M), Chinese Taipei ($1.19M), Japan ($742k), and Malaysia ($651k).

The fastest growing import markets in Iron Fasteners for Sri Lanka between 2021 and 2022 were Sweden ($318k), Japan ($316k), and Iran ($234k).

COMPANIES In 2023, leading companies such as Team Hardinger (14), Tredit Tire & Wheel (9), and SIGMA Corp (2) were at the forefront of shipping Iron Fasteners from Sri Lanka to the United States.

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 Iron Fasteners. 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)$9.34M
IMPORTS (2022)$29.5M
NET TRADE (2022)-$20.1M

In 2022, Sri Lanka exported $9.34M in Iron Fasteners. The main destinations of Sri Lanka exports on Iron Fasteners were United States ($7.01M), Germany ($540k), Seychelles ($266k), Kuwait ($200k), and Maldives ($183k).

In 2022, Sri Lanka imported $29.5M in Iron Fasteners, mainly from China ($17.3M), India ($3.4M), Chinese Taipei ($1.19M), Japan ($742k), and Malaysia ($651k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Fasteners EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
United States$3.05M (77.3%)
Germany$440k (437%)
Seychelles$265k (17.5k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Fasteners BY Sri Lanka WERE (2021 - 2022):
China-$49.3k (-89%)
Bangladesh-$44.5k (-95.4%)
Russia-$42.1k (-98.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Iron Fasteners by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.08M
TOP IMPORT POTENTIALChina+ $6.73M

Iron Fasteners’s highest export potential is United States. With an export gap of $3.08M.   Iron Fasteners’s highest import potential is China with an import gap of $6.73M.

See methodology.

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