2023
Exports
$6.98MWorld Rnk 105 / 214
Flag Rnk 175 / 1073
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$524MWorld Rnk 76 / 226
Flag Rnk 4 / 1170
2023
ECONOMIC COMPLEXITY of Sri Lanka
-0.44Rnk 85 / 132

About

Exports In 2023, Sri Lanka exported $6.98M in Packaged Medicaments, making it the 105th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 175th most exported product in Sri Lanka. The main destination of Packaged Medicaments exports from Sri Lanka are: Maldives ($3.54M), India ($713k), United Arab Emirates ($666k), Russia ($323k), and Kenya ($267k).

The fastest growing export markets for Packaged Medicaments of Sri Lanka between 2022 and 2023 were Maldives ($2.6M), United Arab Emirates ($425k), and Pakistan ($171k).

Imports In 2023, Sri Lanka imported $524M in Packaged Medicaments, becoming the 76th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most imported product in Sri Lanka. Sri Lanka imports Packaged Medicaments primarily from: India ($277M), United States ($84.3M), Pakistan ($34.3M), Bangladesh ($25.8M), and France ($14.7M).

The fastest growing import markets in Packaged Medicaments for Sri Lanka between 2022 and 2023 were United States ($82.5M), India ($76.4M), and Bangladesh ($4.61M).

Latest Trends

Dec 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 Packaged Medicaments. 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 (2023)$6.98M
IMPORTS (2023)$524M
NET TRADE (2023)-$517M

In 2023, Sri Lanka exported $6.98M in Packaged Medicaments. The main destinations of Sri Lanka exports on Packaged Medicaments were Maldives ($3.54M), India ($713k), United Arab Emirates ($666k), Russia ($323k), and Kenya ($267k).

In 2023, Sri Lanka imported $524M in Packaged Medicaments, mainly from India ($277M), United States ($84.3M), Pakistan ($34.3M), Bangladesh ($25.8M), and France ($14.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Sri Lanka WERE (2022 - 2023):
Maldives$2.6M (276%)
Pakistan$171k (952%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Sri Lanka WERE (2022 - 2023):
United States-$878k (-94.9%)
Kenya-$342k (-56.2%)
Venezuela-$294k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Sri Lanka's main exporting competitors in Packaged Medicaments were:
In 2023, Sri Lanka's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $621k
TOP IMPORT POTENTIALIndia+ $29.2M

Packaged Medicaments’s highest export potential is India. With an export gap of $621k.   Packaged Medicaments’s highest import potential is India with an import gap of $29.2M.

See methodology.

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