2022
Exports
$423kWorld Rnk 59 / 144
Flag Rnk 485 / 1074
2022
PRODUCT COMPLEXITY IN Waxes
0.46Rnk 381 / 1025
2022
Imports
$3.43MWorld Rnk 75 / 203
Flag Rnk 458 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $423k in Waxes, making it the 59th largest exporter of Waxes in the world. At the same year, Waxes was the 485th most exported product in Sri Lanka. The main destination of Waxes exports from Sri Lanka are: Netherlands ($399k), Ethiopia ($12.5k), Indonesia ($6.83k), Maldives ($2.55k), and China ($966).

The fastest growing export markets for Waxes of Sri Lanka between 2021 and 2022 were Netherlands ($294k), Ethiopia ($12.5k), and Indonesia ($6.83k).

Imports In 2022, Sri Lanka imported $3.43M in Waxes, becoming the 75th largest importer of Waxes in the world. At the same year, Waxes was the 458th most imported product in Sri Lanka. Sri Lanka imports Waxes primarily from: China ($791k), India ($644k), United States ($443k), Germany ($305k), and Chinese Taipei ($305k).

The fastest growing import markets in Waxes for Sri Lanka between 2021 and 2022 were United States ($138k), Netherlands ($40.3k), and India ($27.3k).

Latest Trends

Jul 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 Waxes. 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)$423k
IMPORTS (2022)$3.43M
NET TRADE (2022)-$3.01M

In 2022, Sri Lanka exported $423k in Waxes. The main destinations of Sri Lanka exports on Waxes were Netherlands ($399k), Ethiopia ($12.5k), Indonesia ($6.83k), Maldives ($2.55k), and China ($966).

In 2022, Sri Lanka imported $3.43M in Waxes, mainly from China ($791k), India ($644k), United States ($443k), Germany ($305k), and Chinese Taipei ($305k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Waxes EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
Netherlands$294k (279%)
Ethiopia$12.5k (1%)
Indonesia$6.83k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Waxes BY Sri Lanka WERE (2021 - 2022):
Maldives-$499 (-16.4%)
South Africa-$257 (-100%)
Germany-$7 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Waxes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $16.3k
TOP IMPORT POTENTIALChina+ $310k

Waxes’s highest export potential is Indonesia. With an export gap of $16.3k.   Waxes’s highest import potential is China with an import gap of $310k.

See methodology.

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