2022
Exports
$459MWorld Rnk 109 / 216
Flag Rnk 6 / 96
2022
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.48Rnk 371 / 1025
2022
Imports
$4.94BWorld Rnk 78 / 225
Flag Rnk 1 / 96
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $459M in Mineral fuels, mineral oils and products of their distillation, making it the 109th largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 6th most exported product in Sri Lanka. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Sri Lanka are: India ($214M), United Arab Emirates ($71.1M), Bangladesh ($49M), Singapore ($24.9M), and Hong Kong ($13.4M).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Sri Lanka between 2021 and 2022 were India ($172M), United Arab Emirates ($40.3M), and Hong Kong ($7.13M).

Imports In 2018, Sri Lanka imported $4.94B in Mineral fuels, mineral oils and products of their distillation, becoming the 78th largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most imported product in Sri Lanka. Sri Lanka imports Mineral fuels, mineral oils and products of their distillation primarily from: India ($2.38B), United Arab Emirates ($650M), Singapore ($479M), Malaysia ($471M), and Russia ($297M).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Sri Lanka between 2021 and 2022 were India ($1.6B), Russia ($274M), and Malaysia ($220M).

COMPANIES In 2023, leading companies such as John Deere (2), Team Hardinger (2), and David's Bridal (1) were at the forefront of shipping Mineral fuels, mineral oils and products of their distillation from Sri Lanka to the United States.

Latest Trends

Nov 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 Mineral fuels, mineral oils and products of their distillation. 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)$459M
IMPORTS (2022)$4.94B
NET TRADE (2022)-$4.48B

In 2022, Sri Lanka exported $459M in Mineral fuels, mineral oils and products of their distillation. The main destinations of Sri Lanka exports on Mineral fuels, mineral oils and products of their distillation were India ($214M), United Arab Emirates ($71.1M), Bangladesh ($49M), Singapore ($24.9M), and Hong Kong ($13.4M).

In 2022, Sri Lanka imported $4.94B in Mineral fuels, mineral oils and products of their distillation, mainly from India ($2.38B), United Arab Emirates ($650M), Singapore ($479M), Malaysia ($471M), and Russia ($297M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
India$172M (417%)
Hong Kong$7.13M (113%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Sri Lanka WERE (2021 - 2022):
China-$114M (-98.9%)
South Korea-$19.3M (-98.4%)
Malaysia-$14.7M (-55.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
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In 2022, Sri Lanka's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2022, Sri Lanka's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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Trade Value of Mineral fuels, mineral oils and products of their distillation by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $112M
TOP IMPORT POTENTIALSingapore+ $79.3M

Mineral fuels, mineral oils and products of their distillation’s highest export potential is India. With an export gap of $112M.   Mineral fuels, mineral oils and products of their distillation’s highest import potential is Singapore with an import gap of $79.3M.

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