2022
Exports
$20MWorld Rnk 36 / 214
Flag Rnk 102 / 1074
2022
PRODUCT COMPLEXITY IN Leather Apparel
-1.09Rnk 854 / 1025
2022
Imports
$1.58MWorld Rnk 109 / 224
Flag Rnk 592 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $20M in Leather Apparel, making it the 36th largest exporter of Leather Apparel in the world. At the same year, Leather Apparel was the 102nd most exported product in Sri Lanka. The main destination of Leather Apparel exports from Sri Lanka are: Germany ($10.5M), United States ($2.72M), Canada ($2.44M), China ($986k), and United Kingdom ($485k).

The fastest growing export markets for Leather Apparel of Sri Lanka between 2021 and 2022 were Germany ($3.87M), Canada ($897k), and United States ($745k).

Imports In 2022, Sri Lanka imported $1.58M in Leather Apparel, becoming the 109th largest importer of Leather Apparel in the world. At the same year, Leather Apparel was the 592nd most imported product in Sri Lanka. Sri Lanka imports Leather Apparel primarily from: China ($408k), India ($306k), Hong Kong ($293k), Italy ($270k), and France ($129k).

The fastest growing import markets in Leather Apparel for Sri Lanka between 2021 and 2022 were France ($77.8k), Netherlands ($36k), and Thailand ($22.4k).

COMPANIES In 2023, leading companies such as Michael Kors (5) and Kontoor Brands (1) were at the forefront of shipping Leather Apparel 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 Leather Apparel. 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)$20M
IMPORTS (2022)$1.58M
NET TRADE (2022)$18.4M

In 2022, Sri Lanka exported $20M in Leather Apparel. The main destinations of Sri Lanka exports on Leather Apparel were Germany ($10.5M), United States ($2.72M), Canada ($2.44M), China ($986k), and United Kingdom ($485k).

In 2022, Sri Lanka imported $1.58M in Leather Apparel, mainly from China ($408k), India ($306k), Hong Kong ($293k), Italy ($270k), and France ($129k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Leather Apparel EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
Germany$3.87M (58.4%)
Canada$897k (58.1%)
United States$745k (37.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Leather Apparel BY Sri Lanka WERE (2021 - 2022):
Austria-$603k (-99.8%)
Russia-$462k (-100%)
China-$270k (-21.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Sri Lanka's main exporting competitors in Leather Apparel were:
Italy $1.33B
China $1.3B
India $849M
In 2022, Sri Lanka's main importing competitors in Leather Apparel were:

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Trade Value of Leather Apparel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.5M
TOP IMPORT POTENTIALChina+ $333k

Leather Apparel’s highest export potential is United States. With an export gap of $3.5M.   Leather Apparel’s highest import potential is China with an import gap of $333k.

See methodology.

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