2022
Exports
$1.48MWorld Rnk 45 / 183
Flag Rnk 332 / 1074
2022
PRODUCT COMPLEXITY IN Basketwork
-1.47Rnk 944 / 1025
2022
Imports
$302kWorld Rnk 105 / 216
Flag Rnk 865 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $1.48M in Basketwork, making it the 45th largest exporter of Basketwork in the world. At the same year, Basketwork was the 332nd most exported product in Sri Lanka. The main destination of Basketwork exports from Sri Lanka are: Japan ($300k), United States ($257k), South Korea ($228k), Austria ($186k), and Netherlands ($134k).

The fastest growing export markets for Basketwork of Sri Lanka between 2021 and 2022 were South Korea ($73.2k), Austria ($52k), and Switzerland ($39.5k).

Imports In 2022, Sri Lanka imported $302k in Basketwork, becoming the 105th largest importer of Basketwork in the world. At the same year, Basketwork was the 865th most imported product in Sri Lanka. Sri Lanka imports Basketwork primarily from: China ($124k), Bangladesh ($124k), Madagascar ($49.3k), India ($2.53k), and United Arab Emirates ($1.37k).

The fastest growing import markets in Basketwork for Sri Lanka between 2021 and 2022 were China ($94.9k), India ($1.2k), and Germany ($174).

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 Basketwork. 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)$1.48M
IMPORTS (2022)$302k
NET TRADE (2022)$1.18M

In 2022, Sri Lanka exported $1.48M in Basketwork. The main destinations of Sri Lanka exports on Basketwork were Japan ($300k), United States ($257k), South Korea ($228k), Austria ($186k), and Netherlands ($134k).

In 2022, Sri Lanka imported $302k in Basketwork, mainly from China ($124k), Bangladesh ($124k), Madagascar ($49.3k), India ($2.53k), and United Arab Emirates ($1.37k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Basketwork EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
South Korea$73.2k (47.4%)
Austria$52k (38.6%)
Switzerland$39.5k (210%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Basketwork BY Sri Lanka WERE (2021 - 2022):
Netherlands-$190k (-58.6%)
Chinese Taipei-$133k (-91.2%)
United Arab Emirates-$71.2k (-91.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Basketwork by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $481k
TOP IMPORT POTENTIALChina+ $69.2k

Basketwork’s highest export potential is United States. With an export gap of $481k.   Basketwork’s highest import potential is China with an import gap of $69.2k.

See methodology.

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