2022
Exports
$219kWorld Rnk 84 / 136
Flag Rnk 557 / 1074
2022
PRODUCT COMPLEXITY IN Molasses
-1.56Rnk 955 / 1025
2022
Imports
$1.91kWorld Rnk 163 / 193
Flag Rnk 1127 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $219k in Molasses, making it the 84th largest exporter of Molasses in the world. At the same year, Molasses was the 557th most exported product in Sri Lanka. The main destination of Molasses exports from Sri Lanka are: Australia ($113k), Kuwait ($49.2k), New Zealand ($15.9k), United States ($13.4k), and Canada ($12.7k).

The fastest growing export markets for Molasses of Sri Lanka between 2021 and 2022 were Kuwait ($44k), Australia ($41.2k), and United States ($13.4k).

Imports In 2022, Sri Lanka imported $1.91k in Molasses, becoming the 163rd largest importer of Molasses in the world. At the same year, Molasses was the 1127th most imported product in Sri Lanka. Sri Lanka imports Molasses primarily from: United Arab Emirates ($1.84k), Indonesia ($26), Ireland ($24), United Kingdom ($10), and Turkey ($7).

The fastest growing import markets in Molasses for Sri Lanka between 2021 and 2022 were United Arab Emirates ($1.7k), Indonesia ($26), and Ireland ($24).

Latest Trends

Sep 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 Molasses. 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)$219k
IMPORTS (2022)$1.91k
NET TRADE (2022)$217k

In 2022, Sri Lanka exported $219k in Molasses. The main destinations of Sri Lanka exports on Molasses were Australia ($113k), Kuwait ($49.2k), New Zealand ($15.9k), United States ($13.4k), and Canada ($12.7k).

In 2022, Sri Lanka imported $1.91k in Molasses, mainly from United Arab Emirates ($1.84k), Indonesia ($26), Ireland ($24), United Kingdom ($10), and Turkey ($7).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
Kuwait$44k (850%)
Australia$41.2k (57.8%)
United States$13.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY Sri Lanka WERE (2021 - 2022):
New Zealand-$13.9k (-46.7%)
Canada-$9.64k (-43.2%)
Saudi Arabia-$7.79k (-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 Molasses were:
In 2022, Sri Lanka's main importing competitors in Molasses were:

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Trade Value of Molasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $30.7k
TOP IMPORT POTENTIALIndia+ $742

Molasses’s highest export potential is United States. With an export gap of $30.7k.   Molasses’s highest import potential is India with an import gap of $742.

See methodology.

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