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2022
Exports $73.7kWorld Rnk 65 / 166
Flag Rnk 682 / 1074
2022
Destination $16.5k Germany
2021 - 2022
FASTEST GROWING MARKET $16.5kGermany
2022
PRODUCT COMPLEXITY IN Musical Instrument Parts1.19Rnk 106 / 1025
2022
Imports $578kWorld Rnk 75 / 204
Flag Rnk 775 / 1171
2022
Origin $137k China
2021 - 2022
FASTEST GROWING ORIGIN $137kChina
2022
ECONOMIC COMPLEXITY of Sri Lanka-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $73.7k in Musical Instrument Parts, making it the 65th largest exporter of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 682nd most exported product in Sri Lanka. The main destination of Musical Instrument Parts exports from Sri Lanka are: Germany ($61.1k), Malaysia ($11.1k), Maldives ($1.34k), France ($165), and Canada ($32).

The fastest growing export markets for Musical Instrument Parts of Sri Lanka between 2021 and 2022 were Germany ($16.5k), Malaysia ($11.1k), and Costa Rica ($7).

Imports In 2022, Sri Lanka imported $578k in Musical Instrument Parts, becoming the 75th largest importer of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 775th most imported product in Sri Lanka. Sri Lanka imports Musical Instrument Parts primarily from: China ($449k), Germany ($36.9k), Montenegro ($33.4k), United States ($25.7k), and South Korea ($11.9k).

The fastest growing import markets in Musical Instrument Parts for Sri Lanka between 2021 and 2022 were China ($137k), Montenegro ($33.4k), and Italy ($2.15k).

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 Musical Instrument Parts. 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)$73.7k
IMPORTS (2022)$578k
NET TRADE (2022)-$504k

In 2022, Sri Lanka exported $73.7k in Musical Instrument Parts. The main destinations of Sri Lanka exports on Musical Instrument Parts were Germany ($61.1k), Malaysia ($11.1k), Maldives ($1.34k), France ($165), and Canada ($32).

In 2022, Sri Lanka imported $578k in Musical Instrument Parts, mainly from China ($449k), Germany ($36.9k), Montenegro ($33.4k), United States ($25.7k), and South Korea ($11.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Musical Instrument Parts EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
Germany$16.5k (36.9%)
Malaysia$11.1k (1%)
Costa Rica$7 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Musical Instrument Parts BY Sri Lanka WERE (2021 - 2022):
Maldives-$3.64k (-73.1%)
India-$438 (-100%)
Australia-$293 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Sri Lanka's main exporting competitors in Musical Instrument Parts were:
China $367M
United States $290M
Germany $217M
In 2022, Sri Lanka's main importing competitors in Musical Instrument Parts were:
United States $309M
Germany $168M
China $160M

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Trade Value of Musical Instrument Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $26.2k
TOP IMPORT POTENTIALChina+ $143k

Musical Instrument Parts’s highest export potential is Germany. With an export gap of $26.2k.   Musical Instrument Parts’s highest import potential is China with an import gap of $143k.

See methodology.

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