2023
Exports
$145kWorld Rnk 94 / 177
Flag Rnk 635 / 1073
2023
PRODUCT COMPLEXITY IN Woodworking machines
1.29Rnk 81 / 1025
2023
Imports
$1.9MWorld Rnk 123 / 217
Flag Rnk 533 / 1170
2023
ECONOMIC COMPLEXITY of Sri Lanka
-0.44Rnk 85 / 132

About

Exports In 2023, Sri Lanka exported $145k in Woodworking machines, making it the 94th largest exporter of Woodworking machines in the world. At the same year, Woodworking machines was the 635th most exported product in Sri Lanka. The main destination of Woodworking machines exports from Sri Lanka are: Oman ($88.9k), Malaysia ($19k), Maldives ($17.1k), Australia ($10.9k), and Seychelles ($2.92k).

The fastest growing export markets for Woodworking machines of Sri Lanka between 2022 and 2023 were Oman ($69k), Malaysia ($19k), and Maldives ($14.8k).

Imports In 2023, Sri Lanka imported $1.9M in Woodworking machines, becoming the 123rd largest importer of Woodworking machines in the world. At the same year, Woodworking machines was the 533rd most imported product in Sri Lanka. Sri Lanka imports Woodworking machines primarily from: China ($1.37M), India ($207k), Japan ($93.4k), Finland ($53.3k), and Germany ($37.9k).

The fastest growing import markets in Woodworking machines for Sri Lanka between 2022 and 2023 were Finland ($53.3k), India ($43.7k), and United States ($27.6k).

COMPANIES In 2024, leading companies such as QVC Inc (1) were at the forefront of shipping Woodworking machines from Sri Lanka to the United States.

Latest Trends

Dec 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 Woodworking machines. 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 (2023)$145k
IMPORTS (2023)$1.9M
NET TRADE (2023)-$1.76M

In 2023, Sri Lanka exported $145k in Woodworking machines. The main destinations of Sri Lanka exports on Woodworking machines were Oman ($88.9k), Malaysia ($19k), Maldives ($17.1k), Australia ($10.9k), and Seychelles ($2.92k).

In 2023, Sri Lanka imported $1.9M in Woodworking machines, mainly from China ($1.37M), India ($207k), Japan ($93.4k), Finland ($53.3k), and Germany ($37.9k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Woodworking machines EXPORT MARKETS FOR Sri Lanka WERE (2022 - 2023):
Oman$69k (347%)
Malaysia$19k (1%)
Maldives$14.8k (624%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Woodworking machines BY Sri Lanka WERE (2022 - 2023):
Seychelles-$4.26k (-59.3%)
South Korea-$3.24k (-100%)
United Arab Emirates-$3.18k (-99.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Sri Lanka's main exporting competitors in Woodworking machines were:
China $2.22B
Germany $1.75B
Italy $1.23B
In 2023, Sri Lanka's main importing competitors in Woodworking machines were:

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Trade Value of Woodworking machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $3.07k
TOP IMPORT POTENTIALChina+ $1.03M

Woodworking machines’s highest export potential is United Arab Emirates. With an export gap of $3.07k.   Woodworking machines’s highest import potential is China with an import gap of $1.03M.

See methodology.

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