2023
Exports
$1.1MWorld Rnk 114 / 186
Flag Rnk 385 / 1073
2023
PRODUCT COMPLEXITY IN Raw Sugar
-1.88Rnk 988 / 1025
2023
Imports
$423MWorld Rnk 27 / 225
Flag Rnk 5 / 1170
2023
ECONOMIC COMPLEXITY of Sri Lanka
-0.44Rnk 85 / 132

About

Exports In 2023, Sri Lanka exported $1.1M in Raw Sugar, making it the 114th largest exporter of Raw Sugar in the world. At the same year, Raw Sugar was the 385th most exported product in Sri Lanka. The main destination of Raw Sugar exports from Sri Lanka are: Japan ($332k), United Kingdom ($113k), United Arab Emirates ($102k), Maldives ($95.9k), and Australia ($91k).

The fastest growing export markets for Raw Sugar of Sri Lanka between 2022 and 2023 were United Arab Emirates ($63k), France ($28.6k), and Russia ($24.8k).

Imports In 2023, Sri Lanka imported $423M in Raw Sugar, becoming the 27th largest importer of Raw Sugar in the world. At the same year, Raw Sugar was the 5th most imported product in Sri Lanka. Sri Lanka imports Raw Sugar primarily from: India ($360M), Brazil ($16M), Thailand ($10.6M), United Arab Emirates ($10.3M), and Cambodia ($8.68M).

The fastest growing import markets in Raw Sugar for Sri Lanka between 2022 and 2023 were India ($130M), Brazil ($16M), and Cambodia ($8.68M).

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 Raw Sugar. 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)$1.1M
IMPORTS (2023)$423M
NET TRADE (2023)-$422M

In 2023, Sri Lanka exported $1.1M in Raw Sugar. The main destinations of Sri Lanka exports on Raw Sugar were Japan ($332k), United Kingdom ($113k), United Arab Emirates ($102k), Maldives ($95.9k), and Australia ($91k).

In 2023, Sri Lanka imported $423M in Raw Sugar, mainly from India ($360M), Brazil ($16M), Thailand ($10.6M), United Arab Emirates ($10.3M), and Cambodia ($8.68M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Raw Sugar EXPORT MARKETS FOR Sri Lanka WERE (2022 - 2023):
France$28.6k (73.1%)
Russia$24.8k (570%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Sugar BY Sri Lanka WERE (2022 - 2023):
Australia-$128k (-58.5%)
Japan-$113k (-25.3%)
Canada-$53.1k (-75.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Sri Lanka's main exporting competitors in Raw Sugar were:
Brazil $16.2B
India $3.97B
In 2023, Sri Lanka's main importing competitors in Raw Sugar were:

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Trade Value of Raw Sugar by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $239k
TOP IMPORT POTENTIALThailand+ $6.07M

Raw Sugar’s highest export potential is Japan. With an export gap of $239k.   Raw Sugar’s highest import potential is Thailand with an import gap of $6.07M.

See methodology.

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