2022
Exports
$15.1MWorld Rnk 52 / 192
Flag Rnk 117 / 1074
2022
PRODUCT COMPLEXITY IN Packing Bags
-1.76Rnk 978 / 1025
2022
Imports
$4.45MWorld Rnk 130 / 223
Flag Rnk 408 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $15.1M in Packing Bags, making it the 52nd largest exporter of Packing Bags in the world. At the same year, Packing Bags was the 117th most exported product in Sri Lanka. The main destination of Packing Bags exports from Sri Lanka are: Netherlands ($4.59M), Australia ($1.88M), Spain ($1.41M), New Zealand ($1.4M), and United States ($1.3M).

The fastest growing export markets for Packing Bags of Sri Lanka between 2021 and 2022 were United States ($379k), United Kingdom ($193k), and Senegal ($129k).

Imports In 2022, Sri Lanka imported $4.45M in Packing Bags, becoming the 130th largest importer of Packing Bags in the world. At the same year, Packing Bags was the 408th most imported product in Sri Lanka. Sri Lanka imports Packing Bags primarily from: Bangladesh ($1.99M), China ($972k), Indonesia ($435k), Vietnam ($400k), and India ($301k).

The fastest growing import markets in Packing Bags for Sri Lanka between 2021 and 2022 were Vietnam ($45.7k), Australia ($13.3k), and Singapore ($12k).

Latest Trends

Nov 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 Packing Bags. 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)$15.1M
IMPORTS (2022)$4.45M
NET TRADE (2022)$10.6M

In 2022, Sri Lanka exported $15.1M in Packing Bags. The main destinations of Sri Lanka exports on Packing Bags were Netherlands ($4.59M), Australia ($1.88M), Spain ($1.41M), New Zealand ($1.4M), and United States ($1.3M).

In 2022, Sri Lanka imported $4.45M in Packing Bags, mainly from Bangladesh ($1.99M), China ($972k), Indonesia ($435k), Vietnam ($400k), and India ($301k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packing Bags EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
United States$379k (41.2%)
United Kingdom$193k (39.1%)
Senegal$129k (503%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packing Bags BY Sri Lanka WERE (2021 - 2022):
Netherlands-$2.54M (-35.6%)
Israel-$1.41M (-59.1%)
Australia-$645k (-25.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Sri Lanka's main exporting competitors in Packing Bags were:
China $1.74B
India $1.39B
In 2022, Sri Lanka's main importing competitors in Packing Bags were:

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Trade Value of Packing Bags by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.03M
TOP IMPORT POTENTIALChina+ $507k

Packing Bags’s highest export potential is United States. With an export gap of $1.03M.   Packing Bags’s highest import potential is China with an import gap of $507k.

See methodology.

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