2022
Exports
$4.35MWorld Rnk 90 / 222
Flag Rnk 212 / 1074
2022
PRODUCT COMPLEXITY IN Other Iron Products
0.8Rnk 243 / 1025
2022
Imports
$55.9MWorld Rnk 87 / 225
Flag Rnk 65 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $4.35M in Other Iron Products, making it the 90th largest exporter of Other Iron Products in the world. At the same year, Other Iron Products was the 212th most exported product in Sri Lanka. The main destination of Other Iron Products exports from Sri Lanka are: Italy ($780k), Australia ($717k), Maldives ($407k), India ($392k), and Indonesia ($327k).

The fastest growing export markets for Other Iron Products of Sri Lanka between 2021 and 2022 were Maldives ($188k), United States ($102k), and Netherlands ($64k).

Imports In 2022, Sri Lanka imported $55.9M in Other Iron Products, becoming the 87th largest importer of Other Iron Products in the world. At the same year, Other Iron Products was the 65th most imported product in Sri Lanka. Sri Lanka imports Other Iron Products primarily from: China ($37.5M), India ($7.78M), United Kingdom ($1.72M), Turkey ($1.05M), and Germany ($984k).

The fastest growing import markets in Other Iron Products for Sri Lanka between 2021 and 2022 were India ($3.36M), United Kingdom ($685k), and Spain ($333k).

COMPANIES In 2023, leading companies such as John Deere (10) and Danfoss (1) were at the forefront of shipping Other Iron Products 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 Other Iron Products. 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)$4.35M
IMPORTS (2022)$55.9M
NET TRADE (2022)-$51.5M

In 2022, Sri Lanka exported $4.35M in Other Iron Products. The main destinations of Sri Lanka exports on Other Iron Products were Italy ($780k), Australia ($717k), Maldives ($407k), India ($392k), and Indonesia ($327k).

In 2022, Sri Lanka imported $55.9M in Other Iron Products, mainly from China ($37.5M), India ($7.78M), United Kingdom ($1.72M), Turkey ($1.05M), and Germany ($984k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Iron Products EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
Maldives$188k (85.6%)
United States$102k (252%)
Netherlands$64k (569%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Iron Products BY Sri Lanka WERE (2021 - 2022):
Italy-$836k (-51.7%)
Australia-$575k (-44.5%)
Japan-$320k (-64.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Sri Lanka's main exporting competitors in Other Iron Products were:
In 2022, Sri Lanka's main importing competitors in Other Iron Products were:

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Trade Value of Other Iron Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $673k
TOP IMPORT POTENTIALChina+ $10.7M

Other Iron Products’s highest export potential is India. With an export gap of $673k.   Other Iron Products’s highest import potential is China with an import gap of $10.7M.

See methodology.

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