2022
Exports
$4.7MWorld Rnk 94 / 210
Flag Rnk 205 / 1074
2022
PRODUCT COMPLEXITY IN Cars
0.9Rnk 207 / 1025
2022
Imports
$17.3MWorld Rnk 184 / 224
Flag Rnk 182 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $4.7M in Cars, making it the 94th largest exporter of Cars in the world. At the same year, Cars was the 205th most exported product in Sri Lanka. The main destination of Cars exports from Sri Lanka are: Australia ($1.41M), Indonesia ($1.12M), United Kingdom ($746k), Malaysia ($406k), and Oman ($315k).

The fastest growing export markets for Cars of Sri Lanka between 2021 and 2022 were Indonesia ($1.12M), Australia ($823k), and Malaysia ($333k).

Imports In 2022, Sri Lanka imported $17.3M in Cars, becoming the 184th largest importer of Cars in the world. At the same year, Cars was the 182nd most imported product in Sri Lanka. Sri Lanka imports Cars primarily from: Canada ($4.7M), United States ($3.05M), India ($2.79M), Turkey ($1.7M), and Japan ($1.3M).

The fastest growing import markets in Cars for Sri Lanka between 2021 and 2022 were Turkey ($1.1M), Indonesia ($718k), and Malaysia ($619k).

COMPANIES In 2023, leading companies such as Gap (102), Old Navy (93), and Athleta (19) were at the forefront of shipping Cars 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 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 (2022)$4.7M
IMPORTS (2022)$17.3M
NET TRADE (2022)-$12.6M

In 2022, Sri Lanka exported $4.7M in Cars. The main destinations of Sri Lanka exports on Cars were Australia ($1.41M), Indonesia ($1.12M), United Kingdom ($746k), Malaysia ($406k), and Oman ($315k).

In 2022, Sri Lanka imported $17.3M in Cars, mainly from Canada ($4.7M), United States ($3.05M), India ($2.79M), Turkey ($1.7M), and Japan ($1.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
Indonesia$1.12M (1%)
Australia$823k (140%)
Malaysia$333k (461%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Sri Lanka WERE (2021 - 2022):
Oman-$451k (-58.9%)
United Arab Emirates-$168k (-44.8%)
United States-$33.8k (-45.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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