2022
Exports | Imports
$265M | $4.02BWorld Rnk 85 / 214
Flag Rnk 13 / 1074
World Rnk 63 / 225
Flag Rnk 1 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.42Rnk 80 / 124
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 800 / 1025

About

Exports In 2022, Sri Lanka exported $265M in Refined Petroleum, making it the 85th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 13th most exported product in Sri Lanka. The main destination of Refined Petroleum exports from Sri Lanka are: United Arab Emirates ($71.1M), India ($58.4M), Bangladesh ($29.5M), Singapore ($24.9M), and Hong Kong ($13.4M).

The fastest growing export markets for Refined Petroleum of Sri Lanka between 2021 and 2022 were United Arab Emirates ($40.3M), India ($17.1M), and Bangladesh ($12.1M).

Imports In 2022, Sri Lanka imported $4.02B in Refined Petroleum, becoming the 63rd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Sri Lanka. Sri Lanka imports Refined Petroleum primarily from: India ($2.38B), United Arab Emirates ($521M), Singapore ($479M), Malaysia ($451M), and Saudi Arabia ($63.6M).

The fastest growing import markets in Refined Petroleum for Sri Lanka between 2021 and 2022 were India ($1.6B), Malaysia ($204M), and United Arab Emirates ($60.8M).

COMPANIES In 2023, leading companies such as JOHN DEERE COMMERCIAL PRODUCTS (10) and CITY FURNITURE (1) were at the forefront of shipping Refined Petroleum from Sri Lanka to the United States.

Latest Trends

Jan 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 Refined Petroleum. 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)$265M
IMPORTS (2022)$4.02B
NET TRADE (2022)-$3.76B

In 2022, Sri Lanka exported $265M in Refined Petroleum. The main destinations of Sri Lanka exports on Refined Petroleum were United Arab Emirates ($71.1M), India ($58.4M), Bangladesh ($29.5M), Singapore ($24.9M), and Hong Kong ($13.4M).

In 2022, Sri Lanka imported $4.02B in Refined Petroleum, mainly from India ($2.38B), United Arab Emirates ($521M), Singapore ($479M), Malaysia ($451M), and Saudi Arabia ($63.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
India$17.1M (41.4%)
Bangladesh$12.1M (69.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Sri Lanka WERE (2021 - 2022):
South Korea-$19.3M (-98.4%)
Malaysia-$14.7M (-55.6%)
Maldives-$4.8M (-79.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Sri Lanka's main exporting competitors in Refined Petroleum were:
In 2022, Sri Lanka's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

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