2022
Exports
$2.88MWorld Rnk 87 / 202
Flag Rnk 261 / 1074
2022
PRODUCT COMPLEXITY IN Sauces and Seasonings
-0.62Rnk 736 / 1025
2022
Imports
$5.42MWorld Rnk 160 / 225
Flag Rnk 360 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $2.88M in Sauces and Seasonings, making it the 87th largest exporter of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 261st most exported product in Sri Lanka. The main destination of Sauces and Seasonings exports from Sri Lanka are: United Kingdom ($733k), Japan ($390k), Maldives ($349k), Netherlands ($262k), and United States ($151k).

The fastest growing export markets for Sauces and Seasonings of Sri Lanka between 2021 and 2022 were United Kingdom ($295k), United Arab Emirates ($31.6k), and American Samoa ($22.9k).

Imports In 2022, Sri Lanka imported $5.42M in Sauces and Seasonings, becoming the 160th largest importer of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 360th most imported product in Sri Lanka. Sri Lanka imports Sauces and Seasonings primarily from: India ($1.08M), United Kingdom ($1.06M), Thailand ($555k), Singapore ($488k), and China ($368k).

The fastest growing import markets in Sauces and Seasonings for Sri Lanka between 2021 and 2022 were China ($77.6k), Singapore ($67.8k), and India ($67.6k).

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 Sauces and Seasonings. 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)$2.88M
IMPORTS (2022)$5.42M
NET TRADE (2022)-$2.53M

In 2022, Sri Lanka exported $2.88M in Sauces and Seasonings. The main destinations of Sri Lanka exports on Sauces and Seasonings were United Kingdom ($733k), Japan ($390k), Maldives ($349k), Netherlands ($262k), and United States ($151k).

In 2022, Sri Lanka imported $5.42M in Sauces and Seasonings, mainly from India ($1.08M), United Kingdom ($1.06M), Thailand ($555k), Singapore ($488k), and China ($368k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sauces and Seasonings EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
United Kingdom$295k (67.4%)
American Samoa$22.9k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sauces and Seasonings BY Sri Lanka WERE (2021 - 2022):
United States-$847k (-84.9%)
India-$292k (-91.4%)
Australia-$147k (-60.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Sri Lanka's main exporting competitors in Sauces and Seasonings were:
In 2022, Sri Lanka's main importing competitors in Sauces and Seasonings were:

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Trade Value of Sauces and Seasonings by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $1.82M
TOP IMPORT POTENTIALChina+ $569k

Sauces and Seasonings’s highest export potential is United States. With an export gap of $1.82M.   Sauces and Seasonings’s highest import potential is China with an import gap of $569k.

See methodology.

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