2022
Exports
$6.81MWorld Rnk 51 / 194
Flag Rnk 176 / 1074
2022
PRODUCT COMPLEXITY IN Spices
-1.63Rnk 964 / 1025
2022
Imports
$4.08MWorld Rnk 88 / 223
Flag Rnk 422 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $6.81M in Spices, making it the 51st largest exporter of Spices in the world. At the same year, Spices was the 176th most exported product in Sri Lanka. The main destination of Spices exports from Sri Lanka are: United Kingdom ($1.07M), France ($658k), Australia ($653k), Canada ($551k), and Switzerland ($525k).

The fastest growing export markets for Spices of Sri Lanka between 2021 and 2022 were Ghana ($211k), Indonesia ($119k), and Bangladesh ($86.9k).

Imports In 2022, Sri Lanka imported $4.08M in Spices, becoming the 88th largest importer of Spices in the world. At the same year, Spices was the 422nd most imported product in Sri Lanka. Sri Lanka imports Spices primarily from: India ($2.57M), Morocco ($949k), Pakistan ($260k), Turkey ($97.2k), and United Arab Emirates ($82.5k).

The fastest growing import markets in Spices for Sri Lanka between 2021 and 2022 were Morocco ($872k), United Arab Emirates ($64.6k), and Moldova ($35.7k).

COMPANIES In 2023, leading companies such as Gap (17), Banana Republic (8), and Athleta (8) were at the forefront of shipping Spices from Sri Lanka to the United States.

Latest Trends

Oct 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 Spices. 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)$6.81M
IMPORTS (2022)$4.08M
NET TRADE (2022)$2.72M

In 2022, Sri Lanka exported $6.81M in Spices. The main destinations of Sri Lanka exports on Spices were United Kingdom ($1.07M), France ($658k), Australia ($653k), Canada ($551k), and Switzerland ($525k).

In 2022, Sri Lanka imported $4.08M in Spices, mainly from India ($2.57M), Morocco ($949k), Pakistan ($260k), Turkey ($97.2k), and United Arab Emirates ($82.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
Ghana$211k (1%)
Indonesia$119k (107%)
Bangladesh$86.9k (8.69M%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY Sri Lanka WERE (2021 - 2022):
Germany-$613k (-66.2%)
United Kingdom-$395k (-27%)
Pakistan-$363k (-89.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Spices by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $449k
TOP IMPORT POTENTIALIndia+ $530k

Spices’s highest export potential is United States. With an export gap of $449k.   Spices’s highest import potential is India with an import gap of $530k.

See methodology.

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