2023
Exports
$76World Rnk 90 / 96
Flag Rnk 1052 / 1073
falsefalse Maldives
2023
Imports
$962kWorld Rnk 55 / 180
Flag Rnk 669 / 1170
2023
ECONOMIC COMPLEXITY of Sri Lanka
-0.44Rnk 85 / 132

About

Exports In 2023, Sri Lanka exported $76 in Nitric Acids, making it the 90th largest exporter of Nitric Acids in the world. At the same year, Nitric Acids was the 1052nd most exported product in Sri Lanka. The main destination of Nitric Acids exports from Sri Lanka are: Maldives ($76).

Imports In 2023, Sri Lanka imported $962k in Nitric Acids, becoming the 55th largest importer of Nitric Acids in the world. At the same year, Nitric Acids was the 669th most imported product in Sri Lanka. Sri Lanka imports Nitric Acids primarily from: South Korea ($479k), Malaysia ($248k), India ($196k), United Arab Emirates ($20.6k), and Thailand ($12.4k).

The fastest growing import markets in Nitric Acids for Sri Lanka between 2022 and 2023 were Thailand ($12.4k), Germany ($5.66k), and Canada ($563).

Latest Trends

Jan 2025

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 Nitric Acids. 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)$76
IMPORTS (2023)$962k
NET TRADE (2023)-$962k

In 2023, Sri Lanka exported $76 in Nitric Acids. The main destinations of Sri Lanka exports on Nitric Acids were Maldives ($76).

In 2023, Sri Lanka imported $962k in Nitric Acids, mainly from South Korea ($479k), Malaysia ($248k), India ($196k), United Arab Emirates ($20.6k), and Thailand ($12.4k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitric Acids BY Sri Lanka WERE (2022 - 2023):Maldives-$25 (-24.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Sri Lanka's main exporting competitors in Nitric Acids were:
In 2023, Sri Lanka's main importing competitors in Nitric Acids were:
Germany $50.8M
France $35.9M
Belgium $35.3M

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Trade Value of Nitric Acids by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $300
TOP IMPORT POTENTIALSouth Korea+ $47.9k

Nitric Acids’s highest export potential is China. With an export gap of $300.   Nitric Acids’s highest import potential is South Korea with an import gap of $47.9k.

See methodology.

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