2022
Exports
$14.4MWorld Rnk 106 / 223
Flag Rnk 60 / 96
2022
PRODUCT COMPLEXITY IN Pharmaceutical products
1.38Rnk 75 / 1025
2022
Imports
$449MWorld Rnk 95 / 226
Flag Rnk 11 / 96
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $14.4M in Pharmaceutical products, making it the 106th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 60th most exported product in Sri Lanka. The main destination of Pharmaceutical products exports from Sri Lanka are: Maldives ($3.16M), India ($2.88M), Egypt ($1.76M), Japan ($1.44M), and United Arab Emirates ($779k).

The fastest growing export markets for Pharmaceutical products of Sri Lanka between 2021 and 2022 were Kenya ($609k), United Arab Emirates ($581k), and Yemen ($446k).

Imports In 2022, Sri Lanka imported $449M in Pharmaceutical products, becoming the 95th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 11th most imported product in Sri Lanka. Sri Lanka imports Pharmaceutical products primarily from: India ($205M), Germany ($38.8M), Pakistan ($30.4M), Bangladesh ($23.3M), and France ($18.1M).

The fastest growing import markets in Pharmaceutical products for Sri Lanka between 2021 and 2022 were Argentina ($3.02M), Austria ($2.71M), and Indonesia ($1.01M).

Latest Trends

Sep 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 Pharmaceutical 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)$14.4M
IMPORTS (2022)$449M
NET TRADE (2022)-$434M

In 2022, Sri Lanka exported $14.4M in Pharmaceutical products. The main destinations of Sri Lanka exports on Pharmaceutical products were Maldives ($3.16M), India ($2.88M), Egypt ($1.76M), Japan ($1.44M), and United Arab Emirates ($779k).

In 2022, Sri Lanka imported $449M in Pharmaceutical products, mainly from India ($205M), Germany ($38.8M), Pakistan ($30.4M), Bangladesh ($23.3M), and France ($18.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
Kenya$609k (139k%)
Yemen$446k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Sri Lanka WERE (2021 - 2022):
Finland-$442k (-74.3%)
Kazakhstan-$262k (-59.7%)
Venezuela-$212k (-41.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Sri Lanka's main exporting competitors in Pharmaceutical products were:
In 2022, Sri Lanka's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.55M
TOP IMPORT POTENTIALIndia+ $34.4M

Pharmaceutical products’s highest export potential is India. With an export gap of $1.55M.   Pharmaceutical products’s highest import potential is India with an import gap of $34.4M.

See methodology.

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