2021
Exports | Imports
$218M | $2.2BWorld Rnk 87 / 218
Flag Rnk 13 / 1087
World Rnk 69 / 226
Flag Rnk 1 / 1175
2021
ECONOMIC COMPLEXITY of Sri Lanka
-0.39Rnk 81 / 131
2021
PRODUCT COMPLEXITY IN Refined Petroleum
-0.99Rnk 831 / 1024

About

Exports In 2021, Sri Lanka exported $218M in Refined Petroleum, making it the 87th 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: India ($41.2M), United Arab Emirates ($31.2M), Malaysia ($26.6M), South Korea ($19.5M), and Singapore ($18.5M).

The fastest growing export markets for Refined Petroleum of Sri Lanka between 2020 and 2021 were Malaysia ($12.5M), South Africa ($7.01M), and South Korea ($5.26M).

Imports In 2021, Sri Lanka imported $2.2B in Refined Petroleum, becoming the 69th 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 ($750M), Singapore ($464M), United Arab Emirates ($460M), Malaysia ($246M), and Saudi Arabia ($179M).

The fastest growing import markets in Refined Petroleum for Sri Lanka between 2020 and 2021 were India ($488M), United Arab Emirates ($318M), and Saudi Arabia ($128M).

Latest Trends

Dec 2023

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 (2021)$218M
IMPORTS (2021)$2.2B
NET TRADE (2021)-$1.98B

In 2021, Sri Lanka exported $218M in Refined Petroleum. The main destinations of Sri Lanka exports on Refined Petroleum were India ($41.2M), United Arab Emirates ($31.2M), Malaysia ($26.6M), South Korea ($19.5M), and Singapore ($18.5M).

In 2021, Sri Lanka imported $2.2B in Refined Petroleum, mainly from India ($750M), Singapore ($464M), United Arab Emirates ($460M), Malaysia ($246M), and Saudi Arabia ($179M).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Sri Lanka WERE (2020 - 2021):
Malaysia$12.5M (89%)
South Africa$7.01M (253%)
South Korea$5.26M (36.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Sri Lanka WERE (2020 - 2021):
India-$20.1M (-32.8%)
Singapore-$13.7M (-42.6%)
Netherlands-$11.8M (-100%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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Flow
Type
In 2021, Sri Lanka's main exporting competitors in Refined Petroleum were:
In 2021, 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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