2023
Exports
$13MWorld Rnk 104 / 225
Flag Rnk 59 / 96
2023
PRODUCT COMPLEXITY IN Pharmaceutical products
1.25Rnk 89 / 1025
2023
Imports
$582MWorld Rnk 83 / 226
Flag Rnk 5 / 96
2023
ECONOMIC COMPLEXITY of Sri Lanka
-0.44Rnk 85 / 132

About

Exports In 2023, Sri Lanka exported $13M in Pharmaceutical products, making it the 104th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 59th most exported product in Sri Lanka. The main destination of Pharmaceutical products exports from Sri Lanka are: Maldives ($3.91M), India ($3M), Egypt ($1.37M), Japan ($998k), and United Arab Emirates ($689k).

The fastest growing export markets for Pharmaceutical products of Sri Lanka between 2022 and 2023 were Maldives ($2.76M), Jordan ($584k), and United Arab Emirates ($443k).

Imports In 2023, Sri Lanka imported $582M in Pharmaceutical products, becoming the 83rd largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 5th most imported product in Sri Lanka. Sri Lanka imports Pharmaceutical products primarily from: India ($297M), United States ($89.3M), Pakistan ($34.6M), Bangladesh ($26.3M), and France ($16.5M).

The fastest growing import markets in Pharmaceutical products for Sri Lanka between 2022 and 2023 were United States ($82.6M), India ($75.8M), and Bangladesh ($3.07M).

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 Pharmaceutical 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 (2023)$13M
IMPORTS (2023)$582M
NET TRADE (2023)-$569M

In 2023, Sri Lanka exported $13M in Pharmaceutical products. The main destinations of Sri Lanka exports on Pharmaceutical products were Maldives ($3.91M), India ($3M), Egypt ($1.37M), Japan ($998k), and United Arab Emirates ($689k).

In 2023, Sri Lanka imported $582M in Pharmaceutical products, mainly from India ($297M), United States ($89.3M), Pakistan ($34.6M), Bangladesh ($26.3M), and France ($16.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Sri Lanka WERE (2022 - 2023):
Maldives$2.76M (240%)
Jordan$584k (531k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Sri Lanka WERE (2022 - 2023):
India-$1.74M (-36.7%)
United States-$858k (-92.7%)
Egypt-$520k (-27.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.55M
TOP IMPORT POTENTIALIndia+ $34.4M

Pharmaceutical products’s highest export potential is India. With an export gap of $1.55M.   Pharmaceutical products’s highest import potential is India with an import gap of $34.4M.

See methodology.

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