2022
Exports
$2.02MWorld Rnk 63 / 195
Flag Rnk 295 / 1074
2022
PRODUCT COMPLEXITY IN Lubricating Products
1.61Rnk 36 / 1025
2022
Imports
$8.38MWorld Rnk 90 / 224
Flag Rnk 272 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $2.02M in Lubricating Products, making it the 63rd largest exporter of Lubricating Products in the world. At the same year, Lubricating Products was the 295th most exported product in Sri Lanka. The main destination of Lubricating Products exports from Sri Lanka are: India ($1.48M), Bangladesh ($279k), Pakistan ($135k), Russia ($88.9k), and Jordan ($10.2k).

The fastest growing export markets for Lubricating Products of Sri Lanka between 2021 and 2022 were Russia ($88.9k), Pakistan ($33.2k), and Jordan ($5.79k).

Imports In 2022, Sri Lanka imported $8.38M in Lubricating Products, becoming the 90th largest importer of Lubricating Products in the world. At the same year, Lubricating Products was the 272nd most imported product in Sri Lanka. Sri Lanka imports Lubricating Products primarily from: India ($1.89M), Germany ($1.22M), Singapore ($916k), United States ($755k), and Italy ($685k).

The fastest growing import markets in Lubricating Products for Sri Lanka between 2021 and 2022 were Italy ($360k), South Korea ($201k), and United States ($159k).

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 Lubricating Products. 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)$2.02M
IMPORTS (2022)$8.38M
NET TRADE (2022)-$6.36M

In 2022, Sri Lanka exported $2.02M in Lubricating Products. The main destinations of Sri Lanka exports on Lubricating Products were India ($1.48M), Bangladesh ($279k), Pakistan ($135k), Russia ($88.9k), and Jordan ($10.2k).

In 2022, Sri Lanka imported $8.38M in Lubricating Products, mainly from India ($1.89M), Germany ($1.22M), Singapore ($916k), United States ($755k), and Italy ($685k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lubricating Products EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
Russia$88.9k (1%)
Pakistan$33.2k (32.6%)
Jordan$5.79k (131%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lubricating Products BY Sri Lanka WERE (2021 - 2022):
Bangladesh-$59.5k (-17.6%)
Maldives-$39.2k (-81.7%)
China-$21.2k (-94.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Sri Lanka's main exporting competitors in Lubricating Products were:
In 2022, Sri Lanka's main importing competitors in Lubricating Products were:
China $1.71B

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Trade Value of Lubricating Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $405k
TOP IMPORT POTENTIALGermany+ $610k

Lubricating Products’s highest export potential is India. With an export gap of $405k.   Lubricating Products’s highest import potential is Germany with an import gap of $610k.

See methodology.

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