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2023
Exports $318kWorld Rnk 77 / 139
Flag Rnk 528 / 1073
2023
Destination $79.1k Canada
2022 - 2023
FASTEST GROWING MARKET $79.1kCanada
2023
PRODUCT COMPLEXITY IN Molasses-1.73Rnk 974 / 1025
2023
Imports $438World Rnk 177 / 187
Flag Rnk 1147 / 1170
2023
Origin $421 Singapore
2022 - 2023
FASTEST GROWING ORIGIN $421Singapore
2023
ECONOMIC COMPLEXITY of Sri Lanka-0.44Rnk 85 / 132

About

Exports In 2023, Sri Lanka exported $318k in Molasses, making it the 77th largest exporter of Molasses in the world. At the same year, Molasses was the 528th most exported product in Sri Lanka. The main destination of Molasses exports from Sri Lanka are: Canada ($113k), Australia ($99.7k), United States ($39.9k), Italy ($21.5k), and United Arab Emirates ($14.1k).

The fastest growing export markets for Molasses of Sri Lanka between 2022 and 2023 were Canada ($79.1k), United States ($26.5k), and Italy ($18.2k).

Imports In 2023, Sri Lanka imported $438 in Molasses, becoming the 177th largest importer of Molasses in the world. At the same year, Molasses was the 1147th most imported product in Sri Lanka. Sri Lanka imports Molasses primarily from: Singapore ($421), United Arab Emirates ($9), and Indonesia ($8).

The fastest growing import markets in Molasses for Sri Lanka between 2022 and 2023 were Singapore ($421).

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 Molasses. 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)$318k
IMPORTS (2023)$438
NET TRADE (2023)$318k

In 2023, Sri Lanka exported $318k in Molasses. The main destinations of Sri Lanka exports on Molasses were Canada ($113k), Australia ($99.7k), United States ($39.9k), Italy ($21.5k), and United Arab Emirates ($14.1k).

In 2023, Sri Lanka imported $438 in Molasses, mainly from Singapore ($421), United Arab Emirates ($9), and Indonesia ($8).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR Sri Lanka WERE (2022 - 2023):
Canada$79.1k (237%)
United States$26.5k (198%)
Italy$18.2k (562%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY Sri Lanka WERE (2022 - 2023):
Australia-$35.4k (-26.2%)
Kuwait-$17.9k (-100%)
New Zealand-$8.03k (-42%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Sri Lanka's main exporting competitors in Molasses were:
India $295M
Indonesia $168M
Poland $85.5M
In 2023, Sri Lanka's main importing competitors in Molasses were:
United States $263M
Philippines $161M
United Kingdom $161M

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Trade Value of Molasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $30.7k
TOP IMPORT POTENTIALIndia+ $742

Molasses’s highest export potential is United States. With an export gap of $30.7k.   Molasses’s highest import potential is India with an import gap of $742.

See methodology.

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