2022
Exports
$2.01MWorld Rnk 80 / 223
Flag Rnk 298 / 1074
2022
PRODUCT COMPLEXITY IN Engine Parts
0.92Rnk 203 / 1025
2022
Imports
$18.6MWorld Rnk 110 / 224
Flag Rnk 176 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $2.01M in Engine Parts, making it the 80th largest exporter of Engine Parts in the world. At the same year, Engine Parts was the 298th most exported product in Sri Lanka. The main destination of Engine Parts exports from Sri Lanka are: Germany ($947k), India ($446k), Maldives ($203k), Seychelles ($191k), and Oman ($102k).

The fastest growing export markets for Engine Parts of Sri Lanka between 2021 and 2022 were India ($439k), Seychelles ($102k), and Germany ($89.4k).

Imports In 2022, Sri Lanka imported $18.6M in Engine Parts, becoming the 110th largest importer of Engine Parts in the world. At the same year, Engine Parts was the 176th most imported product in Sri Lanka. Sri Lanka imports Engine Parts primarily from: India ($4.88M), China ($2.35M), South Korea ($1.98M), Japan ($1.83M), and Netherlands ($1.43M).

The fastest growing import markets in Engine Parts for Sri Lanka between 2021 and 2022 were Belgium ($331k), Norway ($241k), and Australia ($226k).

COMPANIES In 2023, leading companies such as Team Hardinger (11) and Volvo (5) were at the forefront of shipping Engine Parts from Sri Lanka to the United States.

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 Engine Parts. 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)$2.01M
IMPORTS (2022)$18.6M
NET TRADE (2022)-$16.5M

In 2022, Sri Lanka exported $2.01M in Engine Parts. The main destinations of Sri Lanka exports on Engine Parts were Germany ($947k), India ($446k), Maldives ($203k), Seychelles ($191k), and Oman ($102k).

In 2022, Sri Lanka imported $18.6M in Engine Parts, mainly from India ($4.88M), China ($2.35M), South Korea ($1.98M), Japan ($1.83M), and Netherlands ($1.43M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Engine Parts EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
India$439k (6.05k%)
Seychelles$102k (115%)
Germany$89.4k (10.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Engine Parts BY Sri Lanka WERE (2021 - 2022):
Spain-$7.68M (-99.9%)
United Kingdom-$193k (-100%)
United Arab Emirates-$93.8k (-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 Engine Parts were:
China $7.96B
Japan $6.08B
In 2022, Sri Lanka's main importing competitors in Engine Parts were:

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Trade Value of Engine Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $556k
TOP IMPORT POTENTIALChina+ $3.9M

Engine Parts’s highest export potential is Germany. With an export gap of $556k.   Engine Parts’s highest import potential is China with an import gap of $3.9M.

See methodology.

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