2022
Exports
$241kWorld Rnk 67 / 145
Flag Rnk 549 / 1074
2022
PRODUCT COMPLEXITY IN Spice Seeds
-1.2Rnk 880 / 1025
2022
Imports
$20.5MWorld Rnk 22 / 216
Flag Rnk 167 / 1171
2022
ECONOMIC COMPLEXITY of Sri Lanka
-0.35Rnk 82 / 133

About

Exports In 2022, Sri Lanka exported $241k in Spice Seeds, making it the 67th largest exporter of Spice Seeds in the world. At the same year, Spice Seeds was the 549th most exported product in Sri Lanka. The main destination of Spice Seeds exports from Sri Lanka are: India ($87k), United Kingdom ($34.6k), Maldives ($25.2k), Japan ($18.9k), and Kuwait ($11.2k).

The fastest growing export markets for Spice Seeds of Sri Lanka between 2021 and 2022 were India ($87k), Japan ($15.2k), and United Kingdom ($14.6k).

Imports In 2022, Sri Lanka imported $20.5M in Spice Seeds, becoming the 22nd largest importer of Spice Seeds in the world. At the same year, Spice Seeds was the 167th most imported product in Sri Lanka. Sri Lanka imports Spice Seeds primarily from: India ($10.8M), Argentina ($3.18M), Russia ($2.46M), Bulgaria ($2.15M), and Ukraine ($351k).

The fastest growing import markets in Spice Seeds for Sri Lanka between 2021 and 2022 were Argentina ($1.01M), Australia ($78.7k), and Poland ($63.6k).

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 Spice Seeds. 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)$241k
IMPORTS (2022)$20.5M
NET TRADE (2022)-$20.2M

In 2022, Sri Lanka exported $241k in Spice Seeds. The main destinations of Sri Lanka exports on Spice Seeds were India ($87k), United Kingdom ($34.6k), Maldives ($25.2k), Japan ($18.9k), and Kuwait ($11.2k).

In 2022, Sri Lanka imported $20.5M in Spice Seeds, mainly from India ($10.8M), Argentina ($3.18M), Russia ($2.46M), Bulgaria ($2.15M), and Ukraine ($351k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spice Seeds EXPORT MARKETS FOR Sri Lanka WERE (2021 - 2022):
India$87k (1%)
Japan$15.2k (417%)
United Kingdom$14.6k (72.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spice Seeds BY Sri Lanka WERE (2021 - 2022):
United States-$35.8k (-91.5%)
Germany-$11.9k (-89.6%)
Switzerland-$6.93k (-89.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Sri Lanka's main exporting competitors in Spice Seeds were:
India $618M
Vietnam $89.5M
China $84.7M
In 2022, Sri Lanka's main importing competitors in Spice Seeds were:

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Trade Value of Spice Seeds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $80.2k
TOP IMPORT POTENTIALChina+ $110k

Spice Seeds’s highest export potential is India. With an export gap of $80.2k.   Spice Seeds’s highest import potential is China with an import gap of $110k.

See methodology.

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