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2022
Exports $2.47MWorld Rnk 55 / 188
Flag Rnk 279 / 1074
2022
Destination $230kN/A
2021 - 2022
FASTEST GROWING MARKET $230kUnited Kingdom
2022
PRODUCT COMPLEXITY IN Hand-Woven Rugs-0.91Rnk 811 / 1025
2022
Imports $1.9MWorld Rnk 122 / 217
Flag Rnk 561 / 1171
2022
Origin $189k India
2021 - 2022
FASTEST GROWING ORIGIN $189kThailand
2022
ECONOMIC COMPLEXITY of Sri Lanka-0.35Rnk 82 / 133

About

The fastest growing export markets for Hand-Woven Rugs of Sri Lanka between 2021 and 2022 were United Kingdom ($230k), Ireland ($31.9k), and Australia ($31.7k).

Imports In 2022, Sri Lanka imported $1.9M in Hand-Woven Rugs, becoming the 122nd largest importer of Hand-Woven Rugs in the world. At the same year, Hand-Woven Rugs was the 561st most imported product in Sri Lanka. Sri Lanka imports Hand-Woven Rugs primarily from: India ($756k), China ($477k), Thailand ($288k), United Arab Emirates ($114k), and United Kingdom ($88.3k).

The fastest growing import markets in Hand-Woven Rugs for Sri Lanka between 2021 and 2022 were Thailand ($189k), India ($127k), and United Kingdom ($88k).

COMPANIES In 2023, leading companies such as At Home Procurement (2) and Michael Kors (2) were at the forefront of shipping Hand-Woven Rugs 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 Hand-Woven Rugs. 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)$2.47M
IMPORTS (2022)$1.9M
NET TRADE (2022)$574k

In 2022, Sri Lanka imported $1.9M in Hand-Woven Rugs, mainly from India ($756k), China ($477k), Thailand ($288k), United Arab Emirates ($114k), and United Kingdom ($88.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hand-Woven Rugs EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
United Kingdom$230k (55.3%)
Ireland$31.9k (125%)
Australia$31.7k (3.69%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand-Woven Rugs BY Sri Lanka WERE (2021 - 2022):
United States-$753k (-87.8%)
Germany-$162k (-67.6%)
France-$143k (-75.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Sri Lanka's main exporting competitors in Hand-Woven Rugs were:
Turkey $2.34B
India $785M
China $584M
In 2022, Sri Lanka's main importing competitors in Hand-Woven Rugs were:
United States $1.61B
Germany $392M
Saudi Arabia $218M

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Trade Value of Hand-Woven Rugs by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $370k
TOP IMPORT POTENTIALIndia+ $294k

Hand-Woven Rugs’s highest export potential is United States. With an export gap of $370k.   Hand-Woven Rugs’s highest import potential is India with an import gap of $294k.

See methodology.

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