2022
Exports
$55.6MWorld Rnk 19 / 171
Flag Rnk 51 / 1074
2022
PRODUCT COMPLEXITY IN Iron Nails
-0.5Rnk 699 / 1025
2022
Imports
$7.34MWorld Rnk 86 / 220
Flag Rnk 298 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $55.6M in Iron Nails, making it the 19th largest exporter of Iron Nails in the world. At the same year, Iron Nails was the 51st most exported product in Sri Lanka. The main destination of Iron Nails exports from Sri Lanka are: United States ($46.2M), Bangladesh ($7.66M), Pakistan ($1.2M), India ($511k), and Oman ($60.8k).

The fastest growing export markets for Iron Nails of Sri Lanka between 2021 and 2022 were United States ($7.61M), Pakistan ($908k), and Oman ($49.1k).

Imports In 2022, Sri Lanka imported $7.34M in Iron Nails, becoming the 86th largest importer of Iron Nails in the world. At the same year, Iron Nails was the 298th most imported product in Sri Lanka. Sri Lanka imports Iron Nails primarily from: Spain ($4.56M), China ($2.63M), Chinese Taipei ($41.9k), Australia ($41.2k), and Malaysia ($18.9k).

The fastest growing import markets in Iron Nails for Sri Lanka between 2021 and 2022 were Spain ($1.27M), Australia ($9.56k), and Singapore ($2.19k).

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 Nails. 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)$55.6M
IMPORTS (2022)$7.34M
NET TRADE (2022)$48.3M

In 2022, Sri Lanka exported $55.6M in Iron Nails. The main destinations of Sri Lanka exports on Iron Nails were United States ($46.2M), Bangladesh ($7.66M), Pakistan ($1.2M), India ($511k), and Oman ($60.8k).

In 2022, Sri Lanka imported $7.34M in Iron Nails, mainly from Spain ($4.56M), China ($2.63M), Chinese Taipei ($41.9k), Australia ($41.2k), and Malaysia ($18.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Nails EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
United States$7.61M (19.8%)
Pakistan$908k (307%)
Oman$49.1k (421%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Nails BY Sri Lanka WERE (2021 - 2022):
Bangladesh-$1.24M (-13.9%)
New Zealand-$71.3k (-100%)
Burma-$59.9k (-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 Iron Nails were:
In 2022, Sri Lanka's main importing competitors in Iron Nails were:

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Trade Value of Iron Nails by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $153k
TOP IMPORT POTENTIALChina+ $1.31M

Iron Nails’s highest export potential is India. With an export gap of $153k.   Iron Nails’s highest import potential is China with an import gap of $1.31M.

See methodology.

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