2023
Exports
$9.43MWorld Rnk 83 / 210
Flag Rnk 149 / 1073
2023
PRODUCT COMPLEXITY IN Cars
0.9Rnk 206 / 1025
2023
Imports
$26.5MWorld Rnk 180 / 225
Flag Rnk 119 / 1170
2023
ECONOMIC COMPLEXITY of Sri Lanka
-0.44Rnk 85 / 132

About

Exports In 2023, Sri Lanka exported $9.43M in Cars, making it the 83rd largest exporter of Cars in the world. At the same year, Cars was the 149th most exported product in Sri Lanka. The main destination of Cars exports from Sri Lanka are: Oman ($7.25M), Indonesia ($1.21M), United Kingdom ($210k), Bangladesh ($196k), and South Africa ($185k).

The fastest growing export markets for Cars of Sri Lanka between 2022 and 2023 were Oman ($6.93M), South Africa ($185k), and Indonesia ($84.4k).

Imports In 2023, Sri Lanka imported $26.5M in Cars, becoming the 180th largest importer of Cars in the world. At the same year, Cars was the 119th most imported product in Sri Lanka. Sri Lanka imports Cars primarily from: India ($6.92M), United Kingdom ($6.35M), Germany ($3.79M), Australia ($2.22M), and Japan ($1.87M).

The fastest growing import markets in Cars for Sri Lanka between 2022 and 2023 were United Kingdom ($5.83M), India ($4.02M), and Germany ($3.53M).

COMPANIES In 2024, leading companies such as IKEA Group (8) were at the forefront of shipping Cars 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 Cars. 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)$9.43M
IMPORTS (2023)$26.5M
NET TRADE (2023)-$17M

In 2023, Sri Lanka exported $9.43M in Cars. The main destinations of Sri Lanka exports on Cars were Oman ($7.25M), Indonesia ($1.21M), United Kingdom ($210k), Bangladesh ($196k), and South Africa ($185k).

In 2023, Sri Lanka imported $26.5M in Cars, mainly from India ($6.92M), United Kingdom ($6.35M), Germany ($3.79M), Australia ($2.22M), and Japan ($1.87M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Sri Lanka WERE (2022 - 2023):
Oman$6.93M (2.2k%)
South Africa$185k (1%)
Indonesia$84.4k (7.51%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Sri Lanka WERE (2022 - 2023):
Australia-$1.37M (-96.8%)
United Kingdom-$521k (-71.3%)
Malaysia-$406k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Sri Lanka's main exporting competitors in Cars were:
Japan $119B
China $74.5B
In 2023, Sri Lanka's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $201k
TOP IMPORT POTENTIALIndia+ $2.9M

Cars’s highest export potential is India. With an export gap of $201k.   Cars’s highest import potential is India with an import gap of $2.9M.

See methodology.

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