2022
Exports
$81.8MWorld Rnk 80 / 226
Flag Rnk 24 / 96
2022
PRODUCT COMPLEXITY IN Iron or steel articles
1.68Rnk 27 / 1025
2022
Imports
$295MWorld Rnk 98 / 225
Flag Rnk 18 / 96
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $81.8M in Iron or steel articles, making it the 80th largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 24th most exported product in Sri Lanka. The main destination of Iron or steel articles exports from Sri Lanka are: United States ($54.8M), Bangladesh ($8.49M), Maldives ($3.02M), India ($1.62M), and Pakistan ($1.27M).

The fastest growing export markets for Iron or steel articles of Sri Lanka between 2021 and 2022 were United States ($10.7M), Seychelles ($1.05M), and Pakistan ($959k).

Imports In 2022, Sri Lanka imported $295M in Iron or steel articles, becoming the 98th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 18th most imported product in Sri Lanka. Sri Lanka imports Iron or steel articles primarily from: China ($165M), India ($55.1M), Malaysia ($7.77M), Germany ($6.95M), and Spain ($5.94M).

The fastest growing import markets in Iron or steel articles for Sri Lanka between 2021 and 2022 were Hungary ($5.28M), Germany ($1.16M), and Portugal ($949k).

COMPANIES In 2023, leading companies such as SIGMA Corp (219), Danfoss (62), and Team Hardinger (18) were at the forefront of shipping Iron or steel articles from Sri Lanka to the United States.

Latest Trends

Oct 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 or steel articles. 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)$81.8M
IMPORTS (2022)$295M
NET TRADE (2022)-$214M

In 2022, Sri Lanka exported $81.8M in Iron or steel articles. The main destinations of Sri Lanka exports on Iron or steel articles were United States ($54.8M), Bangladesh ($8.49M), Maldives ($3.02M), India ($1.62M), and Pakistan ($1.27M).

In 2022, Sri Lanka imported $295M in Iron or steel articles, mainly from China ($165M), India ($55.1M), Malaysia ($7.77M), Germany ($6.95M), and Spain ($5.94M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
United States$10.7M (24.3%)
Seychelles$1.05M (3.58k%)
Pakistan$959k (314%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Sri Lanka WERE (2021 - 2022):
Chinese Taipei-$3.63M (-98.3%)
Bangladesh-$1.34M (-13.7%)
Ethiopia-$798k (-95.3%)

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 or steel articles were:
China $109B
Germany $33.5B
Italy $22.2B
In 2022, Sri Lanka's main importing competitors in Iron or steel articles were:

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Trade Value of Iron or steel articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.95M
TOP IMPORT POTENTIALChina+ $51.6M

Iron or steel articles’s highest export potential is India. With an export gap of $1.95M.   Iron or steel articles’s highest import potential is China with an import gap of $51.6M.

See methodology.

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