2023
Exports
$196MWorld Rnk 94 / 214
Flag Rnk 18 / 1073
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$2.34BWorld Rnk 76 / 226
Flag Rnk 1 / 1170
2023
ECONOMIC COMPLEXITY of Sri Lanka
-0.44Rnk 85 / 132

About

Exports In 2023, Sri Lanka exported $196M in Refined Petroleum, making it the 94th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 18th most exported product in Sri Lanka. The main destination of Refined Petroleum exports from Sri Lanka are: India ($48.1M), Bangladesh ($25.7M), United Arab Emirates ($20.2M), Djibouti ($17.6M), and South Africa ($10.8M).

The fastest growing export markets for Refined Petroleum of Sri Lanka between 2022 and 2023 were India ($33.8M), Djibouti ($17.3M), and Maldives ($8.63M).

Imports In 2023, Sri Lanka imported $2.34B in Refined Petroleum, becoming the 76th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Sri Lanka. Sri Lanka imports Refined Petroleum primarily from: Singapore ($625M), United Arab Emirates ($435M), Malaysia ($402M), Oman ($252M), and India ($220M).

The fastest growing import markets in Refined Petroleum for Sri Lanka between 2022 and 2023 were Oman ($195M), Singapore ($151M), and Saudi Arabia ($108M).

COMPANIES In 2024, leading companies such as Chicken of the Sea (1) were at the forefront of shipping Refined Petroleum from Sri Lanka to the United States.

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 Refined Petroleum. 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)$196M
IMPORTS (2023)$2.34B
NET TRADE (2023)-$2.14B

In 2023, Sri Lanka exported $196M in Refined Petroleum. The main destinations of Sri Lanka exports on Refined Petroleum were India ($48.1M), Bangladesh ($25.7M), United Arab Emirates ($20.2M), Djibouti ($17.6M), and South Africa ($10.8M).

In 2023, Sri Lanka imported $2.34B in Refined Petroleum, mainly from Singapore ($625M), United Arab Emirates ($435M), Malaysia ($402M), Oman ($252M), and India ($220M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Sri Lanka WERE (2022 - 2023):
India$33.8M (236%)
Djibouti$17.3M (5.55k%)
Maldives$8.63M (706%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Sri Lanka WERE (2022 - 2023):
United Arab Emirates-$50.9M (-71.5%)
Malaysia-$6.28M (-53.5%)
Bangladesh-$3.78M (-12.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Sri Lanka's main exporting competitors in Refined Petroleum were:
In 2023, Sri Lanka's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $2.58M
TOP IMPORT POTENTIALSingapore+ $79.2M

Refined Petroleum’s highest export potential is India. With an export gap of $2.58M.   Refined Petroleum’s highest import potential is Singapore with an import gap of $79.2M.

See methodology.

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