Refined Petroleum in   Sri Lanka

Exports In 2020, Sri Lanka exported $238M in Refined Petroleum, making it the 75th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 12th most exported product in Sri Lanka. The main destination of Refined Petroleum exports from Sri Lanka are: India ($61.8M), United Arab Emirates ($33.8M), Singapore ($32.3M), Bangladesh ($20.6M), and South Korea ($14.3M).

The fastest growing export markets for Refined Petroleum of Sri Lanka between 2019 and 2020 were South Korea ($13.7M), Netherlands ($11.6M), and Malaysia ($11.4M).

Imports In 2020, Sri Lanka imported $1.27B in Refined Petroleum, becoming the 68th 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: Singapore ($367M), India ($259M), Malaysia ($210M), United Arab Emirates ($143M), and China ($127M).

The fastest growing import markets in Refined Petroleum for Sri Lanka between 2019 and 2020 were China ($77.5M), Kuwait ($14.5M), and Netherlands ($10.8M).

Tariffs In 2018, the average tariff for Sri Lanka in Refined Petroleum was 7.49%. The countries with the highest import tariffs for Refined Petroleum were Angola (Most Favoured Nation duty rate treatement, 7.5%), Burundi (Most Favoured Nation duty rate treatement, 7.5%), Benin (Most Favoured Nation duty rate treatement, 7.5%), Burkina Faso (Most Favoured Nation duty rate treatement, 7.5%), and Botswana (Most Favoured Nation duty rate treatement, 7.5%).